CHRIST WATER TECHNOLOGY AG

EANS-Adhoc: CHRIST WATER TECHNOLOGY AG
GLV Completes the Acquisition of 80.5% of Christ Water Technology AG´s Voting Shares
Shareholder disclosure / Notification of bondholders of CHRIST

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Company Information

01.12.2009

The management board of Christ Water Technology AG ("CWT") and the management of GLV Inc. ("GLV" or the "Company"; ticker symbols GLV.A, GLV.B / TSX) are pleased to announce the closing of the take-over, by GLV's indirect subsidiary Eimco Water Technologies GmbH, of 80.5% of the shares of CWT tendered by CWT shareholders into GLV´s voluntary takeover bid during the tender period ended November 17, 2009.

With notification of November 30, 2009, Eimco Water Technologies GmbH disclosed that on November 27, 2009, GLV indirectly held 16,320,268 shares of Christ Water Technology AG representing 83.08% of the voting rights.

CWT shareholders who have not yet tendered their shares are reminded that they may do so during the three months following the tender period for a cash consideration of EUR3.35 per share pursuant to the same terms as set forth in GLV´s voluntary takeover bid. GLV aims to acquire 100% of CWT´s shares.

Furthermore, considering the change of control triggered by the closing of the take-over, CWT bondholders have a right, at their discretion, to demand repayment of their bonds at their nominal value plus accrued interest pursuant to the bond terms. However, the termination of the bonds under this provision is only valid if termination notices representing at least 15% of the total nominal value of the outstanding bonds are received by the payment agent from bondholders within 30 days subsequently to the closing of the take-over as announced today.

All notices of bondholders to the payment agent or the issuer especially regarding the termination of the bonds have to be executed in writing in German language and sent to the payment agent by registered mail according to paragraph 8 section 3 bond terms. In addition, the notice has to include evidence of ownership at the time of notification. The evidence may be given by a certification of the depository or any other appropriate way. The payment agent is UniCredit Bank Austria AG, Abt 8811 Zahlstellendienst, Julius Tandler-Platz 3, A-1090 Vienna, Austria.

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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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