EANS-News: Lenzing AG / Lenzing Sells Dolan and European Carbon Fiber

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Company Information

The Lenzing Group announces the sale of its fully owned German
subsidiary Dolan GmbH, Kelheim and its 91.1% stake in European Carbon
Fiber GmbH, Kelheim to WHEB Partners' Growth Fund 2 of England and
Jan Verdenhalven. The corresponding agreement was concluded on April
15, 2015. Both sides agreed to keep the purchase price confidential.

"The sale comprises part of Lenzing's strategy to focus on its core
business of man-made cellulose fibers. With WHEB and Jan
Verdenhalven, Lenzing succeeded in finding financially strong,
industry-oriented new owners in which both companies will be able to
develop more effectively in the future than up until now", comments
Lenzing's Chief Financial Officer Thomas Riegler. "Moreover, it is
important for European Carbon Fiber that WHEB and Jan Verdenhalven
already have longstanding industrial experience in the carbon fiber
business. The company now has interesting growth perspectives once
again through a potential cooperation with other companies in the
strategic investment portfolio of WHEB."

Dolan manufactures high quality specialty fibers on an acrylic basis
which are used for textiles, convertible car tops, as sunshades, for
garden furniture and protective clothing. Dolan is one of the major
suppliers of convertible car tops in Europe. The company employs a
workforce of about 100 employees, generating revenue of EUR 57.5 mn
in 2014.

European Carbon Fiber GmbH is a joint venture with Kelheim Fibres
GmbH which manufactures precursors for the carbon fiber industry. The
company achieved annual revenue of EUR 10.4 mn in 2014.

Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 7672-918-2713
mailto:a.guldt@lenzing.com

end of announcement euro adhoc
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company: Lenzing AG

A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: a.guldt@lenzing.com
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien
language: English