euro adhoc: A-TEC Industries AG / Mergers - Acquisitions - Takeovers / Serbian government rejects A-TEC Industries offer

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Company Information/RTB Bor

10.04.2008

Vienna, 10 April 2008 - The Serbian government has just announced its
rejection of the revised offer for Rudarsko-topionicarski kombinat
Bor (RTB), adjusted to current circumstances, submitted by A-TEC
Industries to the Serbian Agency for Privatisation.

Under the terms of the offer, A-TEC Industries had proposed to pay an
additional USD 230 million (m). Together with the interest bearing,
returnable down payment of USD 150m already made, this would have
amounted to a total of USD 380m. A-TEC Industries would also have
issued a USD 60m performance bond and paid the outstanding USD 86m on
7 May. In addition, A-TEC — which also had a USD 50m AWS (federal
promotional bank of the republic of austria) guarantee at its
disposal — stated its readiness to increase the bid bond by USD 5m to
USD 15m.

"In a difficult economic and political setting, we made the Serbian
government a good offer that was in the best interests of the
country, RTB and the latter´s employees and creditors," said A-TEC
Industries CEO Mirko Kovats, expressing regret at the government´s
move. "Regardless of this decision we are standing by our strategic
goal of expanding our Metal Industry Division by making complementary
acquisitions. Our copper business remains one of the Group´s core
operations."

end of announcement euro adhoc
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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

IR contact:

Gerald Wechselauer

Head of Investor Relations

Phone: +43 1 22760 - 130

Mobile: +43 (0)664 6104475

Email: gerald.wechselauer@a-tecindustries.com

Press contact:

Claudia Müller-Stralz

A-TEC Industries AG Press Office

Pleon Publico, Neulinggasse 37, A-1030 Vienna, Austria

Tel. +43 (0)1 71786 direct dial 107; fax +43 (0)1 7178660

claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / Regulated free trade


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