CHRIST WATER TECHNOLOGY AG

EANS-Adhoc: CHRIST WATER TECHNOLOGY AG
CHRIST proposed to be important part of new global leader in water technology

-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 22.09.2009 GLV Inc., a corporation listed on the Toronto Stock Exchange and a global provider of technological solutions used in water treatment, recycling and purification, as well as in pulp and paper proposes to merge with Christ Water Technology AG by purchasing, for a cash consideration of EUR 3.35 per CHRIST share, in a public tender offer up to 100% of the outstanding shares of Christ Water Technology AG to form a new leading globally operating water technology group and has announced the intention to publish such offer today. Within a period of 10 working days upon publication of the offer by GLV, the Management Board and Supervisory Board of CHRIST, as required by the Austrian Takeover Act, will comment on the offer based on the fair evaluation of effects of the offering on the business, creditors, employees and the public interest. Christ Water Technology AG has been informed that the tender offer expected to be issued by GLV is supported by CHRIST's largest shareholder, WAB Foundation. The new water technology group would be active on 5 continents with 2500 employees and more than EUR 500 million turnover. The completion of the offer will be subject to various conditions including a minimum of 90% of CHRIST shares tendered into the offer. A team of Altium Capital AG, led by Alexander Grünwald, is assigned as M&A advisor and a team of Dorda Brugger Jordis Rechtsanwälte GmbH, led by Andreas Mayr and Jürgen Kittel, acts as legal advisor for CHRIST in connection with the planned transaction. Ende der Mitteilung euro adhoc -------------------------------------------------------------------------------- ots Originaltext: CHRIST WATER TECHNOLOGY AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Christ Water Technology AG Mag. Ralf Burchert ralf.burchert@christwater.com Tel.: 06232/5011-1113 Branche: Biotechnology ISIN: AT0000499157 WKN: 675399 Index: WBI, ATX Prime Börsen: Wien / official market

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