euro adhoc: Miba Aktiengesellschaft / quarterly or semiannual financial statement / First Half of 2008-2009: Miba Grows Profitably

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6-month report

11.09.2008

- Sales up 2 percent (14 percent after adjustments), EBIT doubled
- 25.9 million euros invested
- 200 new jobs created in Austria

Laakirchen. Miba, a strategic partner to the international engine and
automotive industry, has experienced healthy growth in the first half
of 2008- 2009 (February 1 to July 31, 2008) despite the challenging
market environment. Sales rose by 2 percent to 199.7 million euros.
During the reporting period, earnings before interest and taxes
(EBIT) increased from 12.0 million to 23.6 million euros in
comparison to the previous year.

After adjustment for the sales loss due to disposal of the Spanish
sintering plant, sales growth totaled 14 percent in the first half of
the year. "This level of growth, which clearly surpasses the market
as a whole, is due to our strategic positioning and concentration on
technologically sophisticated products," says CEO Peter Mitterbauer.
Miba profits from its focus on clearly defined market segments not
only in the automotive industry but also in the non- automotive
sector, which accounts for 60 percent of group sales.

The EBIT margin in the period under review was 11.8 percent. "The
improvement in performance was substantially supported by the sale of
the sintering plant in Spain and is a precondition for future
investments and for expansion of our technology leadership," says
Mitterbauer.

Capital Investment Financed from Own Funds Investments in plants and
equipment for capacity expansion in all three business areas totaled
25.9 million euros and form the basis for the continuing systematic
optimization of production and logistics processes. Capital
expenditures in the first six months of the year were again financed
exclusively by cash flow from operations, which totaled 31.6 million
euros.

The total number of employees in the Miba Group as of July 31, 2008,
was 2,854. After adjustment for changes in headcount resulting from
the sale of the Spanish site, this represents an increase of 14
percent or 352 employees over the previous year. Around 200 new jobs
were created in Austria. A total of 1,655 employees were working
there as of the end of July 2008.

| |1st half-year |1st half-year |
| |2008-09 |2007-08 |
|Sales (in million E) |199.7 |196.3 |
|EBIT (in million E) |23.6 |12.0 |
|EBT (in million E) |22.6 |11.4 |
|Capital expenditures (in million |25.9 |18.2 |
|E) | | |
|Number of employees (as of July |2,854 |2,878 |
|31) | | |

Outlook

The Miba AG Management Board confirms its forecast of stable growth
in fiscal year 2008-2009 despite the rising cost of energy and raw
materials and the sustained high pressure on prices that is exerted
by customers. The continuous productivity increases and the optimum
utilization of installed plant capacity provide the basis for
ensuring a high level of operational performance by all three Miba
business areas.

Miba Group With headquarters in Laakirchen, Upper Austria, Miba is a
strategic partner to the international engine and automotive
industry. At eleven sites around the world, it manufactures sintered
components, engine bearings and friction materials for vehicles,
trains, ships, aircraft and power plants. Miba's products make
vehicles more efficient, safer and more environmentally friendly. The
group has around 2,800 employees, more than half of whom work at its
Austrian sites in Laakirchen, Vorchdorf and Roitham. In the 2007-2008
business year, the sales of the listed company amounted to 387.7
million euros with earnings before interest and taxes (EBIT) of 27.6
million euros.

For detailed information please visit www.miba.com to download the
interim financial report.

end of announcement euro adhoc
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ots Originaltext: Miba Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Press

Susanne Dickstein

Head of Corporate Communications

Tel.: +43/7613/2541-1117

mailto:susanne.dickstein@miba.com

Investors/Analysts

Mag. Hannes Moser

Vice President Corporate Finance

Tel.: +43/7613/2541-1138

mailto:hannes.moser@miba.com

Branche: Industrial Components
ISIN: AT0000734835
WKN: 872002
Index: Standard Market Auction
Börsen: Wiener Börse AG / official market