ad hoc

SKW Stahl-Metallurgie Holding AG: Final Offering Price of SKW Metallurgie Shares at € 29.00

Unterneukirchen (Germany), November 29, 2006. SKW Stahl-Metallurgie Holding AG, the selling shareholder ARQUES Industries AG as well as the consortium of banks, consisting of Viscardi Securities Wertpapierhandelsbank and Norddeutsche Landesbank Girozentrale, today jointly determined the final offering price of the IPO at € 29.00 per share. At the issue price of € 29.00 per share the issue was significantly oversubscribed. The initial quote at “Geregelter Markt” (Prime Standard) of Frankfurt Stock Exchange is scheduled for Friday, December 1, 2006.

Of the 1,897,250 shares placed in total, 1,097,250 shares came from a capital increase that took effect on November 17, 2006. 600,000 shares were offered from the holdings of the current shareholder ARQUES Industries. An additional 200,000 greenshoe shares from the holdings of ARQUES Industries were placed with investors. The issue volume amounts to approx. € 49m, i.e., approx. €55m including Greenshoe. Hence, free float will amount to approx. 38%, i.e., approx. 43% after full exercise of the greenshoe.

The selling shareholder as well as the company have committed themselves for a period of six months not to issue or sell, respectively, any further SKW Metallurgie shares (lock-up period). For an additional six months, a so-called “soft lock-up period“ will be in effect, during which period the issue or sale of SKW Metallurgie shares, respectively, is only permitted, following the prior approval by the Lead Manager, for specific reasons.

Further details on the IPO may be found in the official prospectus which is published on