Miba Aktiengesellschaft

EANS-Adhoc: Miba Aktiengesellschaft
Miba enters into a Joint Venture with an Indian Sintered Components Manufacturer

@@start.t1@@--------------------------------------------------------------------------------   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. --------------------------------------------------------------------------------@@end@@

Joint Venture India

01.02.2011

- Miba Sinter Group expands its global network with a manufacturing facility

@@start.t2@@in India.
      - The Joint Venture between Miba and Maxtech Sintered Product Pvt. Ltd. will
         provide Indian and International Car Manufacturers and Suppliers with
         high-tech sintered components.
      - Miba´s advanced powder metal technology and expertise is now available in
         India.

Miba,  a  strategic  development  partner  of  the  international    engine    and@@end@@

automotive industry based in Laakirchen, Upper Austria,  is  taking   a  minority share in the Sintered Components Manufacturer,  Maxtech   Sintered  Product  Pvt. Ltd. (MSPPL) in Pune, India effective February 1, 2011.

Maxtech Sintered Product Pvt. Ltd. Located in Pune, India employs 80 people and produces sintered components for automotive engines and transmissions as well as stainless steel components for exhaust applications.

"The cooperation in India expands our global network and provides our customers with Miba´s technology and best possible support through local product development and production. With this investment, we want to foster our strength in innovation and competitiveness of our customers," says Harald Neubert, CEO of the Miba Sinter Group.

Miba will transfer its latest powder metal technology to Maxtech Sintered Product and will localize production of components currently imported to India from Europe. The first technology transfer and localization projects are already underway.

Miba will provide global sales and engineering support for MPSSL´s stainless steel products, which are used in high-performance exhaust systems.

Growth Market India

India is a fast growing automotive market. More than 3 million new cars were sold in India last year; most of them produced locally. The market is forecasted for double-digit growth in the coming years.

Miba enters this growth market with a local production site close to its largest global customers, who are already producing engines and transmissions in India, or plan to do so shortly. Customers of MSPPL will benefit from Miba technology made available locally.

With manufacturing sites in Austria, Slovakia, China, USA, Brazil and India, Miba Sinter Group is a global development partner to the automotive industry, and is the technology leader in Powder Metal applications. Sintered components from Miba are high-precision, high-strength components produced using the most advanced process technology. They are used in passenger car engines, transmissions, steering and exhaust systems.

"Together with the technology leader Miba, we are able to provide our customers with even more competitive solutions in powder metal," says Jignesh Raval, Managing Director of MSPPL.

end of ad-hoc-announcement

@@start.t3@@================================================================================ The Miba Group

With headquarters in Laakirchen, Upper Austria, Miba is a strategic partner to@@end@@

the international engine and automotive industry. Sintered components, engine bearings, friction materials, coatings and power electronics components are produced at 16 sites worldwide. Miba products are used for motor vehicles, railways, ships, aircraft and power stations. Technology from Miba makes these applications more efficient, safer and more environmentally friendly. Miba has around 3,000 employees, over half of whom work at the Austrian sites in Laakirchen, Vorchdorf and Roitham. In the 2009-10 business year, sales of the listed company totaled 311.8 million euros with an operating result (EBIT) of 16.4 million euros.

Maxtech Sintered Product Maxtech Sintered Product Private Limited   (MSPPL)  located  at  Talegaon,  Pune, India with 80 employees is the unique company in the Asia Pacific region  having the stainless steel sintering technology. The  company  is  currently  exporting sintered stainless steel parts for various applications to automotive   customers in Europe, North America and China. MSPPL is  a  supplier   of  iron  based  high density  sintered  parts  to  various  domestic automobile  original  equipment manufacturers (OEM) like Mahindra & Mahindra, Tata Motors, or Hyundai Motors.

@@start.t4@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

Further inquiry note: Mag. Eva Almhofer-Amering Corporate Communications Tel.: +43/7613/2541-1117 mailto: eva.almhofer@miba.com

Investoren/Analysten Mag. Hannes Moser Vice President Corporate Finance Tel.: +43/7613/2541-1138 mailto:hannes.moser@miba.com

Branche: Industrial Components
ISIN:      AT0000734835
WKN:        872002
Index:    Standard Market Auction
Börsen:  Wien / official market