TA Triumph-Adler AG

euro adhoc: TA Triumph-Adler AG
Restructuring & Recapitalisations
TA implements crucial part of refinancing

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Company Information

27.07.2007

Announcement as per § 15 of the Securities Trading Act (WpHG) - Ad hoc announcement

TA Triumph-Adler AG implements crucial part of refinancing

Capital increase entered in the commercial register;  high   oversubscription  of the issue

Nuremberg, July 27, 2007: The cash capital increase from  the   approved  capital of TA Triumph-Adler AG, which was approved on July 2, 2007, was entered  in  the commercial register today  and  will   now  be  implemented  rapidly.  The  issue comprises 14,897,882   ordinary  bearer  shares  at  an  issue  price  of EUR1.88.   Shareholders  were  entitled  to  a  statutory  subscription  right equivalent  to  the level of their current shareholdings in  the   company. Shareholders  have  also been  granted  an  oversubscription to  the  same level    as    the    statutory subscription right. The capital increase was significantly oversubscribed  as  a result of the high level of demand from both existing shareholders, as  well   as institutional investors that have shown interest in the issue. The company  will endeavor to have the new shares admitted  to  the   stock  exchange  as  soon  as possible.

The cash capital increase is connected with  an  extensive   refinancing  of  the group. Following the  successful  completion  of the  placing  of  the  capital increase, the other  components  of   the  refinancing  of  liabilities  will  be completed by August 6, 2007 prospectively.

The refinancing will, among other things, reduce the interest expense by  around EUR5 million per year compared with the current financing structure  and  on the basis of today's level of debt. It will also form the  starting  point  for the planned higher rate of growth of the company  resulting  from acquisitions. In addition, the strengthening of the equity capital allows the company  to offset the value adjustment of the deferred tax  assets  in  the  consolidated balance sheet, which will be performed in the third quarter  of  the current financial year as a result of the reform of corporate taxation.

In the first quarter of the 2007 financial year, the  specialist  in efficiency in the Document Business grew half-year revenue to EUR105.2 million  and achieved quarterly earnings of EUR1.9 million. By 2010  at  the  latest,  TA Triumph-Adler aims to generate Group revenue of over EUR500  million  with  an EBIT  return on sales of 9%.

Contact: TA Triumph-Adler AG Südwestpark 23 D - 90449 Nuremberg Dr. Joachim Fleïng Telephone: +49 / 911 / 68 98 - 499 Fax: +49 / 911 / 68 98 - 200 ir@ta.ag www.triumph-adler.de

ISIN code of the bearer shares: DE0007495004, admitted to official   trading  (Prime  Standard)  of  the  Frankfurt  Securities Exchange as well as at all regional German stock exchanges

Important notice: This press release  contains  forward-looking   statements  that  are  based  on assumptions and estimates made  by   the  management  of  TA  Triumph-Adler  AG. Although the management of the company is of the view  that  these  assumptions and estimates are appropriate and applicable, future  actual  developments  and future actual events may  diverge  significantly  from  these   assumptions  and estimates due to numerous  factors.  These  factors may  include,  by  way  of example, changes in  the  macroeconomic   situation,  exchange  rates,  interest rates, as well as changes   both  within  the  market  and  in  the  competitive environment as the result of technological change. TA Triumph-Adler AG provides no guarantee, and accepts no liability, if  future  developments,  and   results achieved in the future, do  not  accord  with  the   assumptions  and  estimates expressed in this press release.

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ots Originaltext: TA Triumph-Adler AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Uschie Wühr
Investor Relations
Telefon: +49(0)89 51084-914
E-Mail: uschie.wuehr@triumph-adler.de

Branche: Semiconductors & active components
ISIN:      DE0007495004
WKN:        749500
Börsen:  Börse Frankfurt / official dealing/prime standard
              Börse Berlin / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade



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