ad hoc

SKW Metallurgie acquires US Special Chemicals Activities Quab from Degussa

Unterneukirchen (Germany), December 22, 2006. Special chemicals corporation SKW Stahl-Metallurgie Holding AG (ISIN DE000SKWM013) acquires through an asset deal the Quab Activities of Degussa AG. The acquisition is subject to the approval of the competent competition authorities.

Quab is a highly-specialized producer of special chemicals, which are produced at the US-American Mobile (Alabama) factory site for global sales. Quab yielded a turnover of about EUR 23 millions in the last business year and is market leader in its area of activity. Quab is debt-free and owns proprietary production sites. Confidentiality was agreed about the purchase price.