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Abonner SMT Scharf AG

SMT Scharf AG

euro adhoc: SMT Scharf AG
Financing, Stock Offerings (IPO)
Shares of SMT Scharf AG placed at EUR 9.50

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
03.04.2007
Hamm/Frankfurt, April 3, 2007 - The shares of SMT Scharf AG (WKN 
575198, ISIN DE0005751986) offered in the company’s IPO will be 
placed at a price of EUR 9.50. This price has been set by SMT Scharf 
AG, a company specializing in mining railway systems, and its 
existing shareholders together with the issuing bank, Baader 
Wertpapierhandelsbank AG. Bidding ran from March 26 to April 2, 2007 
with a price range between EUR 9.50 and EUR 11.50 per offered share. 
The offer was oversubscribed. The placement volume amounted to a 
total of EUR 17.1 million and 1,800,000 shares (including the 
greenshoe of 200,000 shares). Of this total, 600,000 shares were from
the holdings of existing shareholders. EUR 11.4 million will accrue 
to SMT Scharf AG as gross proceeds from the capital increase with a 
volume of 1,200,000 shares. The nominal share capital of the company 
increases by EUR 1.2 million to EUR 4.2 million.
81.0 percent of the shares were placed with institutional investors 
and 19.0 percent with private investors. All subscriptions by private
investors could be fully allocated.
Once the offer has been completed and the greenshoe fully exercised, 
the free float will total 42.9 percent. Initial listing of SMT Scharf
AG is scheduled for April 11 in the Prime Standard (regulated market)
of the Frankfurt Stock Exchange.
<End of the ad hoc release>
This ad hoc release and the information contained therein do not 
constitute an offer for sale either in Germany or in any other 
country, nor do they constitute a demand to purchase securities of 
SMT Scharf AG, in particular if this type of offer or demand is 
prohibited or not authorized. Potential investors in shares of SMT 
Scharf AG must obtain information on any such restrictions and adhere
to these. An investment decision regarding shares of SMT Scharf AG 
must exclusively be based on the securities offering prospectus for 
the public offer of shares of SMT Scharf AG in the Federal Republic 
of Germany. This is published at www.smtscharf.com. The information 
contained in this ad hoc release may not be disseminated outside the 
Federal Republic of Germany, in particular not in the United States, 
to US persons within the meaning of Regulation S of the US Securities
Act of 1933 or to publications that are generally distributed in the 
United States. Any violation of these restrictions can constitute an 
infringement of the securities regulations in specific countries, in 
particular in the United States. Shares of SMT Scharf AG are not 
publicly offered for sale outside the Federal Republic of Germany.
Company profile
The SMT Scharf group develops, builds and maintains rail-bound 
railway systems for mining and use in tunnels. The trains are used 
all over the world, primarily in hard coal mines, gold mines and in 
underground mining for platinum, diamonds, copper and nickel. They 
are used to transport material and personnel with working loads of up
to 35t. Rail-bound trains are the only means of transport that can be
used underground on branching lines to cope with inclines of more 
than 13 degrees. The SMT Scharf Group has subsidiaries in Germany, 
Poland and South Africa, external employees in China and Russia, and 
agencies around the world. The railways developed by SMT Scharf are 
characterized, above all, by high-performance engines, high working 
loads, high speed and low operating and maintenance costs. SMT Scharf
records more than 50% of its revenues abroad, in 2006 64% of order 
intake was from high-growth foreign markets such as Russia, China and
South Africa. The replacement parts and repairs business constitutes 
around 55% of revenues. The advances in exploitation of resources 
make underground conditions increasingly difficult which in turn 
requires more high technology transport solutions in mining. The 
total market for underground transport technology comprises around 
EUR 5 billion to EUR 7 billion per year according to company 
estimates.
end of announcement                               euro adhoc 03.04.2007 16:34:59

Further inquiry note:

Investor relations
cometis AG
Henryk Deter
Tel.: +49 (0)611 - 205855-13
Fax: +49(0)611 - 205855-66
e-mail: deter@cometis.de.

Branche: Machine Manufacturing
ISIN: DE0005751986
WKN: 575198
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Bayerische Börse / free trade