KB Holding GmbH decides on takeover offer for Vossloh AG

Grünwald (ots) - On 20 January 2015, KB Holding GmbH decided to
make a voluntary public takeover offer to the shareholders of Vossloh
Aktiengesellschaft, Vosslohstraße 4, 58791 Werdohl, Germany ("Vossloh
AG"), for the acquisition of all ordinary bearer shares with no par
value, each share representing a proportionate amount of EUR 2.84 in
the share capital.

KB Holding GmbH intends to offer the payment of a cash
consideration per Vossloh-Share in the amount of the weighted average
domestic stock exchange price over the last three months. This
consideration is expected to be in a range between EUR 48 and 49 per
Vossloh-Share and will be announced immediately after being notified
by the Federal Financial Supervisory Authority (BaFin).

"I support the strategy announced in December 2014 by the
Executive Board of Vossloh Aktiengesellschaft," said Heinz Hermann
Thiele, Managing Director and indirect shareholder of KB Holding
GmbH. "As an entrepreneurial investor, I will support the challenging
two-stage, longer-term process of transformation that lies ahead of
the company. With the takeover offer, I wish to moderately expand and
protect my investment in Vossloh Aktiengesellschaft. At the same
time, I want to keep Vossloh as an autonomous, listed, independent
company with a sizable free float."

KB Holding GmbH currently holds 29.99 percent of the shares of
Vossloh AG.

The offer will be made subject to the terms and conditions to be
stated in the offer document and will be subject to certain offer
conditions.

The offer document and other information regarding the offer will
be made available on the internet at www.velvet-angebot.de.

*Note to the press:

The weighted price is calculated in accordance with Section 5
para. 1 and 3 of the Regulation on the Content of the Offer Document,
Consideration for Takeover Offers and Mandatory Offers and the
Release from the Obligation to Publish and Issue an Offer
(WpÜG-Angebotsverordnung), as determined by the German Federal
Financial Supervisory Authority (BaFin).

Important note: This announcement is neither an offer to purchase
nor a solicitation of an offer to sell shares in Vossloh
Aktiengesellschaft or any other security. The offer document and the
terms and conditions contained therein will have sole relevance in
respect of the takeover offer. Investors and shareholders of Vossloh
Aktiengesellschaft are advised to read the relevant documents
regarding the takeover offer to be published by KB Holding GmbH
because they will contain important information. Investors and
shareholders of Vossloh Aktiengesellschaft will be able to receive
the offer document as well as other documents in connection with the
takeover offer via the website www.velvet-angebot.de once these
documents are available.

Press contact:
Thomas Knipp, Brunswick Group
Phone: +49 (0)69 / 24 00 55 44