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22. December 2008

Hybrid Financing

To strengthen its equity base, SCHMOLZ+BICKENBACH AG has obtained hybrid capital of EUR 80 million from external sources. The transaction was structured by a large German bank with international operations.

Servicing of the hybrid capital is subordinated to other liabilities and the capital is not backed by shares. Under the newly adopted International Financial Reporting Standards (IFRS), the hybrid capital will be disclosed as shareholders' equity in the consolidated balance sheet of SCHMOLZ+BICKENBACH AG. The interest to be paid was determined by the independent members of the board of directors of SCHMOLZ+BICKENBACH AG based on a fairness opinion of the structuring bank. The main shareholders of SCHMOLZ+BICKENBACH AG, SCHMOLZ+BICKENBACH Holding AG and Gebuka AG, are providing the hybrid capital. By doing so, they reaffirm their trust in SCHMOLZ+BICKENBACH AG.

Contact persons for further information are:

Benedikt Niemeyer, CEO, phone +41 41 209 50 40
Dr. Marcel Imhof, COO, phone +41 41 209 51 81

Investor relations

Axel Euchner, CFO, phone +41 41 209 50 35

<a href="/fileadmin/uploads/tx_sbagnews/Medienmitteilung_Hybrid_01.pdf" target="_blank">PDF Download</a>