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RHI Magnesita

euro adhoc: RHI AG
Justice/Processes
Bankruptcy Court approves Reorganization Plans - US Chapter 11 proceedings move towards final conclusion

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
26.09.2007
On September 24, 2007, an order was entered by the Bankruptcy Court 
approving the PoRs and overruling all remaining objections to them. 
In order for the confirmation order of the Bankruptcy Court to become
final, it must be affirmed by the District Court. In the event that  
the District Court affirms the Bankruptcy Court order, the time for 
an appeal (30 days) must, moreover, expire.
As previously disclosed, RHI, several RHI affiliates and various US 
companies operating un-der Chapter 11 (including North American 
Refractories Company /NARCO) had reached set-tlement agreements in 
April 2004 to settle all mutual prepetition claims.
Beginning in June 2005, the US-Chapter 11 companies filed Plans of 
Reorganization (PoRs). The PoRs filed by these companies incorporate 
the abovementioned settlement agreements. A condition to the NARCO 
settlement agreement is a USD 40 million payment by Honeywell 
International Inc. to RHI Refractories Holding under a prior 
contract, which payment is called for upon final approval of the 
confirmation order and consummation of the PoRs.
If the approval given by the Bankruptcy Court becomes final and the 
PoRs become effective, RHI AG and its affiliates permanently receive 
protection with respect to all remaining asbes-tos claims against the
debtor companies in the USA.
end of announcement                               euro adhoc 26.09.2007 08:08:00

Further inquiry note:

RHI AG
Investor Relations
Mag. Barbara Potisk
Tel: +43-1-50213-6117
Email: barbara.potisk@rhi-ag.com

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

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