KTM Power Sports AG

euro adhoc: KTM Power Sports AG
Strategic management decisions
CROSS buys 20% block of KTM-shares from Polaris/ KTM remains independent

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Mattighofen/Wels, December 22nd, 2006 -Today CROSS Industries AG ("CROSS"), majority shareholder of KTM Power Sports AG, has informed the Board of Directors of KTM Power Sports AG that the CROSS-group has signed a purchase contract with Polaris Industries Inc. ("Polaris") (NYSE/PSE: PII) regarding a block of shares in amount of around 20% of the capital stock of KTM Power Sports AG. The interest held by Polaris Industries Inc. in KTM Power Sports AG’s shares will be thus reduced to less than 5%. The purchase contract replaces the existing option agreement between CROSS and Polaris.

Furthermore the Board of Directors of KTM Power Sports AG announces that the mutual cooperation projects shall be continued in the future. The purchase of the block of shares through the CROSS-group enables KTM to secure its independent development in the future.

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ots Originaltext: KTM Power Sports AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
KTM Power Sports AG
Mag. Michaela Friepess
Telefon  +43 (0) 7242 / 694 02-113

Branche: Economy, Business & Finance
ISIN:      AT0000645403
WKN:        726812
Index:    ATX Prime
Börsen:  Wiener Börse AG / official dealing

Weitere Meldungen: KTM Power Sports AG

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