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TA Triumph-Adler AG

euro adhoc: TA Triumph-Adler AG
Restructuring & Recapitalisations
TA implements crucial part of refinancing

Announcement as per § 15 of the Securities Trading Act (WpHG) -

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
27.07.2007
Ad
hoc announcement
TA Triumph-Adler AG implements crucial part of refinancing
Capital increase entered in the commercial register;  high  
oversubscription  of the issue
Nuremberg, July 27, 2007: The cash capital increase from  the  
approved  capital of TA Triumph-Adler AG, which was approved on July 
2, 2007, was entered  in  the commercial register today  and  will  
now  be  implemented  rapidly.  The  issue comprises 14,897,882  
ordinary  bearer  shares  at  an  issue  price  of EUR1.88.  
Shareholders  were  entitled  to  a  statutory  subscription  right 
equivalent  to  the level of their current shareholdings in  the  
company. Shareholders  have  also been  granted  an  oversubscription
to  the  same level   as   the   statutory subscription right. The 
capital increase was significantly oversubscribed  as  a result of 
the high level of demand from both existing shareholders, as  well  
as institutional investors that have shown interest in the issue. The
company  will endeavor to have the new shares admitted  to  the  
stock  exchange  as  soon  as possible.
The cash capital increase is connected with  an  extensive  
refinancing  of  the group. Following the  successful  completion  of
the  placing  of  the  capital increase, the other  components  of  
the  refinancing  of  liabilities  will  be completed by August 6, 
2007 prospectively.
The refinancing will, among other things, reduce the interest expense
by  around EUR5 million per year compared with the current financing 
structure  and  on the basis of today's level of debt. It will also 
form the  starting  point  for the planned higher rate of growth of 
the company  resulting  from acquisitions. In addition, the 
strengthening of the equity capital allows the company  to offset the
value adjustment of the deferred tax  assets  in  the  consolidated 
balance sheet, which will be performed in the third quarter  of  the 
current financial year as a result of the reform of corporate 
taxation.
In the first quarter of the 2007 financial year, the  specialist  in 
efficiency in the Document Business grew half-year revenue to 
EUR105.2 million  and achieved quarterly earnings of EUR1.9 million. 
By 2010  at  the  latest,  TA Triumph-Adler aims to generate Group 
revenue of over EUR500  million  with  an EBIT  return on sales of 
9%.
Contact:
TA Triumph-Adler AG
Südwestpark 23
D - 90449 Nuremberg
Dr. Joachim Fleïng
Telephone: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 200 
ir@ta.ag
www.triumph-adler.de
ISIN code of the bearer shares: DE0007495004, admitted to official  
trading  (Prime  Standard)  of  the  Frankfurt  Securities Exchange 
as well as at all regional German stock exchanges
Important notice: This press release  contains  forward-looking  
statements  that  are  based  on assumptions and estimates made  by  
the  management  of  TA  Triumph-Adler  AG. Although the management 
of the company is of the view  that  these  assumptions and estimates
are appropriate and applicable, future  actual  developments  and 
future actual events may  diverge  significantly  from  these  
assumptions  and estimates due to numerous  factors.  These  factors 
may  include,  by  way  of example, changes in  the  macroeconomic  
situation,  exchange  rates,  interest rates, as well as changes  
both  within  the  market  and  in  the  competitive environment as 
the result of technological change. TA Triumph-Adler AG provides no 
guarantee, and accepts no liability, if  future  developments,  and  
results achieved in the future, do  not  accord  with  the  
assumptions  and  estimates expressed in this press release.
end of announcement                               euro adhoc 27.07.2007 13:25:36

Further inquiry note:

Uschie Wühr
Investor Relations
Telefon: +49(0)89 51084-914
E-Mail: uschie.wuehr@triumph-adler.de

Branche: Semiconductors & active components
ISIN: DE0007495004
WKN: 749500
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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