Neschen AG

euro adhoc: Neschen AG
Annual & Special Corporate Meetings
Stefan Zinn, speaker of the Board of the Neschen AG, informed the shareholders of the company’s situation at the annual shareholders’ meeting today

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 22.06.2006 The group turnover for the months Jan. - Mai 2006 was EUR57M. The company profit, before taxes, amounted to EUR0.1M, slightly under the seasonal budget. The group operative profit before tax, amounted to EUR1.5M. The result is adjusted for planned first-quarter costs, arising from consolidation measures in the USA, as well as costs for the completed operative restructuring programs throughout the Group. The Board sees this positive result as a confirmation of the company’s progress. It also represents the initial success of the restructuring measures of the last 15 months. Almost all the relevant key figures for the Group have significantly improved. An increased sales activity in our target markets is also to be noted. The Board remains confident that after tax, the Group result will be at least break even for 2006. The Executive Board, as agreed with the Neschen Advisory Board, is discussing ways of strengthening the present equity with potential investors. The goal is to reduce the level of debt and create a solid foundation for future profitable growth. end of announcement euro adhoc 22.06.2006 11:37:24 -------------------------------------------------------------------------------- ots Originaltext: Neschen AG Im Internet recherchierbar: Further inquiry note: Jan Marzinowski Tel.: +49 (0) 5722 207 153 E-Mail: Branche: Process Industries ISIN: DE0005021307 WKN: 502130 Index: CDAX Börsen: Börse Berlin-Bremen / free trade Hamburger Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Frankfurter Wertpapierbörse / official dealing/general standard Niedersächsische Börse zu Hannover / official dealing

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