ad hoc

European Commission Assess Fine Against SKW Metallurgie

Unterneukirchen (Germany), July 22, 2009. The European Commission announced today that they determined fines regarding the antitrust procedures against several European companies in the calcium carbide sector, totalling EUR 61.12 million.

Thereof, a fine in the amount of EUR 13.3 million is assessed (jointly and severally liable) against SKW Stahl-Metallurgie Holding AG, ARQUES Industries AG and SKW Stahl-Metallurgie GmbH. A further fine in the amount of EUR 1.04 million is assessed (jointly and severally liable) against Evonik Degussa GmbH, AlzChem Hart GmbH and SKW Stahl-Metallurgie GmbH.

The European Commission’s written opinion has not yet been made available to the company. Only after its evaluation, SKW Stahl-Metallurgie Holding AG and its Group companies will decide to what extent they are going to take legal action against the decision and how they are going to proceed regarding the joint and several liability.