Pongs und Zahn AG

euro adhoc: PONGS & ZAHN AG
Quarterly or Semiannual Financial Statements
Second quarter result in the blacks (E)

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With total revenues of Euro 17.3 mill. in current period's second quarter (prior year's 2nd quarter: Euro 21.1 mill.) our company achieved an operating result of TEUR 156 (1st quarter 2002: TEUR - 25). Regarding the first six months of current year this means a decline of total revenues by 3.5%. Nevertheless, the sales value from January to June 2002 equals already 54% of total 2001 revenues which distinctly reflects the downward price-movements of petrochemical products that started with 3rd quarter last year.

As far as markets relevant to us are concerned, we expect the remaining months of this year to be characterised by stable demand with slightly increasing prices. The production capacities should be better utilized in average during the whole year than during the first six months. Thus, we forecast a balanced result for our company group in total 2002.

Berlin, August 28th,  2002 Chief Executive Officer

More information and semi-annual report obtainable at: Pongs & Zahn AG ** Div. IR+PR **  Brigitte Denninger  ** Friedrichstraße 90 **  10117  Berlin Tel.: 030.20253502  **  Fax: 030.20253537  **  E-Mail: office@pongsundzahn.de  ** Internet: www.pongsundzahn.de

end of announcement            euro adhoc 28.08.2002
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Further inquiry note: Brigitte Denninger Tel.: 030-20 25 35 02 Fax: 030-20 25 35 37

Branche: Synthetics & Plastics
ISIN:      DE0006954001
WKN:        695400
Index:    SDAX
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / official dealing
              Frankfurter Wertpapierbörse / official dealing



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