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KTM Power Sports AG

EANS-News: KTM Power Sports AG
Capital increase completed successfully

Mattighofen (euro adhoc) -

>> strengthening of equity base by about EUR 43 million through the
issue of 
    2,529,000 new bearer shares
 >> additional liquidity 
reserve for innovative future projects and the entry of 
    new 
markets
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Restructuring & Recapitalisations
Subtitle: >> strengthening of equity base by about EUR 43 million 
through the issue of    2,529,000 new bearer shares >> additional 
liquidity reserve for innovative future projects and the entry of    
new markets
16.04.2010 - KTM successfully completes a
capital increase against contribution in cash and contribution in 
kind.
Capital increase against contribution in cash and contribution in 
kind completed successfully The capital increase against contribution
in cash amounts to EUR 29,750,000.00. Consequently, the share capital
was increased by EUR 1,750,000.00 through the issue of 1,750,000 
bearer shares at a par value of EUR 1.00. Only already existing 
shareholders enjoyed subscription rights. New shares without a 
subscription right were taken over by Bajaj Auto International 
Holding B.V.
At the time the capital increase against contribution in cash was 
decided upon, also the capital increase against contribution in kind 
was fixed, increasing the share capital by EUR 779,000.00 through the
issue of 779,000 bearer shares at a par value of EUR 1.00 each. The 
capital increase took place against contribution in kind by CROSS 
Finanzierungs GmbH through a claim of loan receivables in the nominal
amount of EUR 12,200,000.00 including interest and by Mr. Hans-Jörg 
Hofer through a claim of loan receivables in the nominal amount of 
EUR 600,000.00 including interest in both cases towards the 
KTM-Sportmotorcycle AG. The issue price per share amounted to EUR 
17.00. The volume of the capital increase against contribution in 
kind equals EUR 13,243,000.00.
Through the capital increase both against contribution in cash and in
kind, the share capital of the KTM Power Sports AG increases from EUR
7,580,000.00 to EUR 10,109,000.00. As of 1.9.2010 the new shares are 
entitled to dividend payments.
Shareholder structure after the capital increase After the capital 
increase against contribution in cash and in kind CROSS Industries AG
will stay the majority shareholder of KTM Power Sports AG with over 
50 % of voting rights, the share of Bajaj Auto International Holding 
B.V. increases from 31.92 % to 35.67 %. Hofer Privatstiftung holds 
over 5 % of KTM Power Sports AG shares; the free float of stock 
amounts to 10 %.
Additional liquidity reserve for innovative projects in the future 
KTM continues to focus on innovative products for the future and has 
already made a step forward with the introduction of the Zero 
Emission Motorcycle (freeride).
The series production of small-engine street models (125 ccm), which 
were developed in cooperation with Bajaj Auto Ltd. is scheduled to be
launched at the end of 2010.
In the future KTM will focus on new markets, in particular emerging 
markets, which have not yet been entered, especially Brazil.
++++
www.ktm.com
end of announcement                               euro adhoc

Further inquiry note:

KTM Power Sports AG
Mag. Wilfried Stock
Tel.: +43(0)7742/6000-216
mailto:wilfried.stock@ktm.com

Branche: Technology
ISIN: AT0000645403
WKN:
Index: mid market
Börsen: Wien / official market

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