EANS-Adhoc: Miba Aktiengesellschaft / Mitterbauer Beteiligungs-Aktiengesellschaft Increases Offer Price

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announcement.
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Capital measures
18.09.2015

Laakirchen, September 18, 2015. Miba AG was informed by its majority
shareholder Mitterbauer Beteiligungs-Aktiengesellschaft (MBAG) that
within the context of its voluntary public takeover offer to acquire
all preferred shares of Miba AG in free float, MBAG had increased the
offer price from the previous level of EUR 550 per share to EUR 565.
Shareholders who already submitted their shares to be purchased will
receive a supplementary payment of EUR 15 per share to equal the
increased offer price.

MBAG and Miba AG are currently preparing the delisting ("squeeze
out") of Miba AG. In this process which is simultaneously taking
place, the offered buy-out price was set at EUR 540 per share. The
adoption of the resolution on the approval of the squeeze out by an
Extraordinary General Meeting is scheduled for October 12, 2015. MBAG
owns 100% of all ordinary shares of Miba AG with voting rights.

MBAG justifies the increase of its offer price to EUR 565 per
preferred share as a means of sparing as many free float shareholders
as possible as well as MBAG itself from the necessity of a lengthy
and costly review process on the squeeze out price. It still
considers the previous voluntary offer price of EUR 550 per share to
comprise an attractive bid in light of the fact that it is higher
than both the present valuation of the company at EUR 526 per share
and the squeeze out price of EUR 540 per share. The increase in the
voluntary takeover bid is possible because MBAG would prefer that the
possible costs of a lengthy review process focusing on the
appropriateness of the squeeze out price be used instead for the
direct benefit of free float shareholders.

MBAG held 93.26% of the capital stock of Miba AG (after deducting
treasury shares) as at the end of August 2015. The new voluntary
offer price within the context of MBAG's takeover bid is 22.55%
higher than the last stock exchange price of the Miba share before
the public announcement of the offer and 31.84% above the average
share price over the past six months.

end of ad-hoc-announcement ==========================================
====================================== The Miba Group Miba AG, which
is a listed company (WKN 872002), is one of Austria's leading
industrial and technology companies. Formed in Laakirchen in Upper
Austria in 1927, the high-tech group today develops and manufactures
its products at 22 sites in eleven countries. Miba products can be
found in the passenger vehicles, trucks, construction machinery,
trains, ships, aircraft and power plants made or built by the
respective leading global manufacturers. The Company specializes in
engine bearings, friction materials, sintered components and
coatings. In addition, Miba manufactures passive electronic
components such as resistors and cooling systems which are needed,
among other things, in power transmission systems. Moreover, the
Company develops and manufactures special machinery for
high-precision machining of large components. Miba employs more than
5,000 members of staff. Revenue in fiscal year 2014-2015 amounted to
EUR 669.3 million, while profit before interest and tax (EBIT) was
EUR 81.9 million.

Further inquiry note:
Mag. Valerie Weixlbaumer-Pekari
Head of Corporate Communications & Marketing Services
Tel.: +43/664/5416364
mailto: valerie.weixlbaumer@miba.com

Investoren/Analysten
MMag. Markus Hofer
CFO
Tel.: +43/7613/2541-1138
mailto:markus.hofer@miba.com

end of announcement euro adhoc
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issuer: Miba Aktiengesellschaft
Dr.Mitterbauer-Straße 3
A-4663 Laakirchen
phone: 07613/2541-0
FAX: 07613/2541-1010
mail: info@miba.com
WWW: www.miba.com
sector: Industrial Components
ISIN: AT0000734835
indexes: Standard Market Auction
stockmarkets: official market: Wien
language: English