EANS-Adhoc: Miba Aktiengesellschaft / Miba takes over business division Off-road of HOERBIGER

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Company Information

14.09.2010

Miba takes over business division Off-road of HOERBIGER

- Miba continues to focus on its expansion strategy and takes over
HOERBIGER Drive Technology´s friction lining business for off-road
vehicles
- Miba strengthens its global presence in friction linings, a strategic core
segment
- Miba Friction Group grows by more than half and reaches a global leading
market position in the segment Off-road
- Incremental relocation of production to Miba sites is to begin in early
2011 and creates more than 100 new jobs

Miba and HOERBIGER agreed to gradually transfer the off-road
vehicle business of HOERBIGER Drive Technology to Miba beginning
January 1, 2011. Over the course of the 2011 business year,
production of friction discs for off-road vehicles is to be
handed over from Schongau, Germany to Miba sites in Austria and
Slovakia step by step. Miba takes over HOERBIGER Drive Technology
Pvt. Ltd. in Pune, India, on January 1, 2011.

"With the takeover of HOERBIGER´s friction lining production,
Miba is continuing its successful expansion. We are growing in one
of our strategic core areas, friction, and we are joining
together the activities of two experienced partners. The new site
in India expands Miba´s global network, providing our
customers with the best possible support through local
production," says Peter Mitterbauer, Miba CEO. Miba Friction Group
grows by more than half and reaches a global leading market
position in the strategic segment Off-road.

For more than 30 years, Miba Friction Group has been a development
partner and supplier of high-performance friction linings for
the international motor vehicle and machinery industry. Friction
linings are the decisive factor in the performance of vehicle
clutches and brakes, and serve to optimize speed and power. In
the area of off-road vehicles, friction linings are used in
clutch and brake systems in construction machinery, tractors,
marine vessels and special-purpose vehicles. Miba Friction Group
operates four sites, located in Roitham, Austria; Vráble,
Slovakia; Sterling Heights, Michigan, USA; and Pune, India.

The takeover of HOERBIGER Drive Technology machinery and equipment
as well as their relocation from Schongau, Germany, to the Miba
sites in Roitham and Vráble, is to take place gradually beginning
in January 2011. In the medium term, Miba creates more than 100
new jobs on the two sites. The Miba Friction Group presently has
560 employees.

"A professional relocation project being carried out by two
experienced and reliable companies will ensure that our customers
are continuously provided with technologically sophisticated
friction systems," says Peter Mitterbauer. Miba and HOERBIGER
share the same high standards of quality and supply capacity.
By bringing together the know-how as well as development and
production skills of two longstanding successful companies in
the area of friction systems, Miba offers its customers an even
more comprehensive global service in the future.

end of ad-hoc-announcement

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The Miba Group

With headquarters in Laakirchen, Upper Austria, Miba is a strategic partner to

the international engine and automotive industry. Sintered
components, engine bearings and friction materials for motor
vehicles, railways, ships, aircraft and power stations are produced
at eleven sites worldwide. Miba products make vehicles more
efficient, safer and more environmentally friendly. Miba has around
2,900 employees, over half of whom work at the Austrian sites in
Laakirchen, Vorchdorf and Roitham. In the 2009-10 business year,
sales of the listed company totaled 311.8 million euros with an
operating result (EBIT) of 16.4 million euros.

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

Further inquiry note:

Mag. Eva Almhofer-Amering

Corporate Communications

Tel.: +43/7613/2541-1117

mailto: eva.almhofer@miba.com

Investoren/Analysten

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: Wien / official market