RHI Magnesita

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

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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.

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ots Originaltext: RHI AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
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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