ad hoc

SKW Stahl-Metallurgie Holding AG: Capital increase placed successfully

Unterneukirchen (Germany), November 30, 2009. SDAX-listed SKW Stahl-Metallurgie Holding AG has placed with its existing shareholders – based on the subscription offer published in the electronic federal gazette on November 13, 2009 for a capital increase in the ratio of 25:12 – all 2,122,680 shares offered. The capital increase was significantly oversubscribed: Ca. 1.4 million oversubscription requests of existing shareholders could not be honored.

The capital increase lifts SKW Stahl-Metallurgie Holding AG’s share capital from a current total of EUR 4,422,250 to EUR 6,544,930. The new shares carry profit-participation rights from January 1, 2009 and were offered to shareholders at a subscription price of EUR 11.50 per share from November 16, 2009 to November 30, 2009.

As a result of this transaction, gross proceeds of around EUR 24.4 million accrued to SKW Stahl-Metallurgie Holding AG. These proceeds will be used i. a. to finance the equity component of the acquisition of a two-thirds interest in the Brazilian company Tecnosulfur. The banks engaged with the transaction were M.M.Warburg & CO and Landesbank Baden-Württemberg (LBBW), which were mandated on an equal footing.

Once the capital increase has been entered in the commercial register, which is scheduled for the coming days, the resolution for the listing of the new shares is expected to be issued on December 4, 2009. It is intended to include all of the new shares in the existing listing for the old shares on Frankfurt/M. Stock Exchange (Germany) on December 7, 2009.