Joint Ventures/Cooperation/Collaboration
CHRIST and MANDRESSI found Joint Venture in Italy Pictet Asset Management discloses holding in CHRIST

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 12.12.2006 Christ Water Technology Group has founded a Joint Venture with the Italian company MANDRESSI located in Milano, in which CHRIST holds a share of 65% and MANDRESSI 35%. The new company, Christ Water Technology Italy, will in the first place take care of the Italian and Mediterranean markets and offer water treatment technologies for all industrial customers and for the power and petrochemical industries in particular. Mr. Eligio Fiori, Head of Christ Water Technology Italy comments: "With CHRIST as a partner we win a leading European water technology company and we are very optimistic to be successful with this alliance." The Mandressi Group is a leading, internationally active engineering and construction company focused on the oil, gas and power sectors. Christ COE Karl Michael Millauer: "The Mandressi Joint Venture puts us into a good position to participate in the high volume of power and petrochemical projects in Italy and the Mediterranean countries. Mandressi is an experienced, well known and networked partner in Italy. With this move we strengthen the strategic position of the UPW (Ultrapure Water) segment contributing to further growth of CHRIST." Mr. Giovanni Daverio, CEO of A.C. Mandressi: "We see a high potential of synergies between Mandressi and CHRIST. I am sure that the Joint Venture will turn out to be very successfull." Pictet Asset Management discloses holding in CHRIST Further, Pictet Asset Management has given notice that the fund holding a participation in Christ Water Technology is managed by Pictet Asset Management S.A. and not any longer by Pictet Asset Management Limited as made public in June 2006. Currently, the fund holds a 9.58% stake in Christ Water Technology AG. end of announcement euro adhoc 12.12.2006 07:30:00 -------------------------------------------------------------------------------- ots Originaltext: CHRIST WATER TECHNOLOGY AG Im Internet recherchierbar: Further inquiry note: Christ Water Technology Group Ralf Burchert, CEFA P. +43 6232 5011 1113 Branche: Biotechnology ISIN: AT0000499157 WKN: 675399 Index: WBI, ATX Prime Börsen: Wiener Börse AG / official market

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