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euro adhoc: RHI AG
Strategic management decisions
RHI AG sells Heraklith insulating group

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
13.01.2006
RHI AG and two subsidiaries of Knauf Group signed a contract on
January 13, 2006 to sell Heraklith Group. The transfer will be
effective retroactive to January 1, 2006.
A purchase price of EUR 230 million debt free is agreed. The validity
of the contracts is subject to several conditions and the approval of
the competent authorities as well as merger control clearance.
The purchase price reflects the much better than expected earnings
development of the Heraklith Group in 2005.
With the finalization of the Heraklith sale, RHI will account a
disposal gain (book profit) of around EUR 60 million in the financial
year 2006.
With the sale of Heraklith Group, RHI can successfully finalize the
restructuring of the group portfolio started in 2002 and will in
future focus solely on the core business refractories and thus on the
expansion of RHI Refractories’ leading market position world wide.
With the transaction, RHI reduces its net liabilities to financial
institutions from about EUR 650 million to below EUR 430 million. At
the beginning of RHI’s restructuring in 2002, net liabilities to
financial institutions of the RHI Group amounted to around EUR 1,000
million.
RHI will make forceful use of the gained financial scope and expand
the world-wide refractories business. There are good chances in the
raw material and business area to achieve sustained success in RHI
Refractories’ market position and earnings strength within the next
years.
end of announcement                               euro adhoc 13.01.2006 14:34:44

Further inquiry note:

RHI AG
Investor Relations
Dkfm. Markus Richter
Tel: +43-1-50213-6123
Email: markus.richter@rhi-ag.com

Branche: Refractories
ISIN: AT0000676903
WKN: 874182
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing

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