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:    JPMorgan Asset Management Holdings Inc.
Place:   New York
State:   USA

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

17.08.2007

The JPMorgan Asset Management Holdings Inc., New York, USA informed 
the BAUER Aktiengesellschaft (ISIN DE0005168108) via Fax dated 15th 
of August 2007 about the following:

"According to § 21 para 1 WpHG this is to inform you that JPMorgan 
Asset Management Holdings Inc. has fallen below the threshold of 3% 
of the voting rights of Bauer AG, Wittelsbacherstrasse 5, 86529 
Schrobenhausen on the 10th August 2007 and now amounts to 2.90% 
(496,030 shares) in relation to all shares of the respective voting 
shares. The voting rights are attributed to JPMorgan Asset Management
Holdings Inc. according to § 22 para 1 sentence 1 no 6 in conjunction
with sentence 2 WpHG."

end of announcement                               euro adhoc 17.08.2007 08:50:08

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