euro adhoc: CHRIST WATER TECHNOLOGY AG / Capital measures / Capital increase of almost 10% of capital stock CHRIST Management Board resolves to increase capital with exclusion of subscription rights t

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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Company Information

23.11.2007

The Management Board of Vienna Stock Exchange-listed Christ Water
Technology AG ("CHRIST") resolved today to increase the company´s
share capital from EUR 17,858,500.00 by up to EUR 1,758,349.00 by
issuing up to 1,758,349 new shares for cash contribution. The
existing shareholders´ subscription rights were excluded to
facilitate that the capital increase may be implemented as quickly
and flexibly as possible, thus limiting the risk of an adverse change
in market conditions and facilitating a pricing of the capital
increase close to the then current share price. The detailed report
by the Management Board setting out the reasons for the exclusion of
the subscription rights is expected to be published tomorrow in the
Vienna Official Gazette (Amtsblatt zur Wiener Zeitung) and will be
available for download at http://www.christwater.com.

Proceeds from the issue are to be used mainly to finance the
acquisition of Zeta Group, to implement a sea water desalination
plant project in the United Arab Emirates and to develop the
operator-business of smaller, primarily municipal drinking water
and/or waste water plants.

The Management Board resolution is subject to approval by the
Supervisory Board of CHRIST.

The issue price of the new shares and the final volume of the capital
increase are to be determined in a book-building procedure and are
expected to be set and published on December 10th, 2007 by the
Management Board with Supervisory Board approval in conjunction with.
When setting the issue price of the new shares, in particular, the
CHRIST share´s current stock exchange price on, or immediately prior
to, the day of pricing will be taken into account.

The new shares are to be offered by the company by way of a private
placement to selected institutional investors in Austria and the rest
of Europe. GBR Financial Services GmbH will act as selling agent. The
shares will not be offered publicly in Austria or in any other
country.

The new shares are expected to be traded in the Prime Market segment
of the Vienna Stock Exchange on or about December 13th, 2007.

DISCLAIMER: THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL
NOR AN INVITATION TO BUY SECURITIES IN AUSTRIA, GERMANY, THE UNITED
STATES OF AMERICA ("USA") OR IN ANY OTHER JURISDICTION. THIS DOES NOT
CONSTITUTE A PUBLIC OFFER OF SHARES IN CHRIST WATER TECHNOLOGY AG
(THE 'COMPANY'). THE SECURITIES WERE NOT AND WILL NOT BE REGISTERED
PURSUANT TO THE C THE US SECURITIES ACT 1933, AS AMENDED ("SECURITIES
ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE USA ABSENT REGISTRATION
OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THIS
INFORMATION IS NOT BEING ISSUED IN THE USA AND MAY NOT BE DISTRIBUTED
TO U.S. PERSONS OR PUBLICATIONS WITH GENERAL CIRCULATION IN THE USA.

end of announcement euro adhoc 23.11.2007 07:30:00
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ots Originaltext: CHRIST WATER TECHNOLOGY AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christ Water Technology Group
Ralf Burchert, CEFA
ralf.burchert@christ-water.at
Tel.: +43 (0)6232/5011-1113

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market