Notification of voting rights transmitted by euro adhoc. The issuer is
  responsible for the content of this announcement.

Person/company obliged to make the notification:
Name:    JP Morgan Asset Management (UK) Limited
Place:   London
State:   United Kingdom

Company data:
Name:    BAUER Aktiengesellschaft
Address: Wittelsbacherstr. 5, 86529 Schrobenhausen
Place:   Schrobenhausen
State:   Deutschland

13.07.2007

The JP Morgan Asset Management (UK) Limited, London, United Kingdom 
informed the BAUER Aktiengesellschaft (ISIN DE0005168108) via Fax 
dated 12th of July 2007 about the following:

"According to § 21 para 1 WpHG this is to inform you that JP Morgan 
Asset Management (UK) Limited has exceeded the threshold of 3% of the
voting rights of Bauer AG, Wittelsbacherstrasse 5, 86529 
Schrobenhausen on the 9th July 2007 and now amounts to 3.01% (515,479
shares) in relation to all shares of the respective voting shares. 
All voting rights are attributed to JPMorgan Asset Management (UK) 
Limited according to § 22 para 1 sentence 1 no. 6 WpHG."

end of announcement                               euro adhoc 13.07.2007 15:30:39

Further inquiry note:

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade