EANS-News: ElringKlinger AGM raises dividend by 75% - Dr. Margarete Haase appointed as new member of Supervisory Board

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Annual & Special Corporate Meetings

Dettingen/Erms (euro adhoc) - Stuttgart, Dettingen/Erms, May 31, 2011
+++ MDAX-listed ElringKlinger AG will pay a dividend of EUR 0.35
(prev. year EUR 0.20) per share for fiscal 2010. The Annual General
Meeting elected Dr. Margarete Haase onto the Supervisory Board as a
new shareholder representative and approved the actions of the
Supervisory Board and Management Board by a large majority.

Benefiting from the speedy recovery of the automotive markets,
ElringKlinger saw its net profit after minorities almost double in
fiscal 2010 to EUR 65.6 (33.2) million. Against this backdrop, the
company's shareholders agreed, with 99,99% of the votes, to a
dividend of EUR 0.35 (0.20) per share. Participating in the company's
success, shareholders will receive a dividend payout of EUR 22.2
(11.5) million in total. Based on net income of EUR 36.5 million
generated by ElringKlinger AG, this corresponds to a dividend ratio
of 60.8%. In this context, the new shares of ElringKlinger AG placed
at the beginning of October 2010 are entitled to dividends as from
January 1, 2010.

Addressing an audience of 700 shareholders and guests attending the
AGM at the Liederhalle Cultural and Congress Center in Stuttgart, CEO
Dr. Stefan Wolf gave a positive summary of the fiscal year 2010 just
ended: "We were tremendously encouraged not only by the performance
of the economy as a whole but also by that of ElringKlinger. Indeed,
ElringKlinger managed to outperform the automotive markets by a
significant margin," said Wolf. Driving sales revenue by 37.4% to EUR
795.7 million, ElringKlinger posted earnings before interest and
taxes (EBIT) of EUR 106.7 (63.3) in fiscal 2010.

New member appointed to Supervisory Board

As a successor to Dr. Rainer Hahn, Dr. Margarete Haase was voted onto
the Supervisory Board by the Annual General Meeting with 99,87% of
the votes. Dr. Haase is a member of the Management Board of Deutz AG,
where her responsibilities include Finance, HR and Investor
Relations.

At a harmonious meeting, the company's shareholders also approved
with large majorities the other proposals put forward by management.
The actions of the Management Board and the Supervisory Board were
ratified with 99,91% and 99,65% of the votes respectively.
PricewaterhouseCoopers Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft, Stuttgart, was re- appointed as
auditor for the fiscal year 2011.

Embracing Both Worlds

In the foyer of the Cultural and Congress Center visitors were able
to inform themselves about the extensive product portfolio offered by
the company and its subsidiaries. Under the heading "Embracing Both
Worlds", ElringKlinger presented not only its range of
well-established products designed to improve the performance of
combustion engines but also its new solutions developed by the
E-Mobility division.

The cell contact and pressure equalization systems for lithium-ion
batteries showcased at the event were met with great interest, as was
the plastic injection-molding tool developed by a group of
apprentices at ElringKlinger AG.

Positive business outlook for 2011

After a solid start to fiscal 2011, CEO Dr. Stefan Wolf looked
forward with optimism to the remainder of the financial year. Over
the course of the first quarter of 2011, the ElringKlinger Group
continued to recover from the adverse effects of the sales crisis
previously blighting the international vehicle industry. It managed
to lift sales revenue by 33.8% to EUR 244.5 (182.7) million, while
operating profit for the Group was increased by 39.7% to EUR 32.7
(23.4) million. The Group will be targeting organic revenue growth of
5 to 7% for the fiscal year 2011 as a whole. The Static Flat Gaskets
division acquired from the Freudenberg Group is expected to
contribute an additional EUR 50 million. Group EBIT is to rise by 15
to 25%.

Additionally, the recent majority takeover of Swiss-based exhaust
treatment specialist Hug in May 2011 is to contribute around EUR 30
million to Group sales revenue during the current financial year. In
percentage terms, Hug's operating margin is towards the middle of the
single-figure percentage range.

"Benefiting from significant investments in recent years as well as
our expertise in the field of development, we now have a brimming
product pipeline that will allow us to generate profitable growth in
years to come," said Wolf. "Whether it's the combustion engine,
hybrids or e- mobility solutions - we're on board with tailor-made
products and ready to make a high-tech contribution."

end of announcement euro adhoc
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company: ElringKlinger AG
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
phone: +49(0)7123 724-0
FAX: +49(0)7123-7249000
mail: info@elringklinger.com
WWW: http://www.elringklinger.com
sector: Automotive Equipment
ISIN: DE0007856023
indexes: MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Düsseldorf, München, regulated dealing: Stuttgart
language: English

ots Originaltext: ElringKlinger AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

ElringKlinger AG
Investor Relations / Corporate Communications
Stephan Haas
Max-Eyth-Straße 2
72581 Dettingen
Fon: +49 (0)7123-724-137
E-Mail:stephan.haas@elringklinger.com

Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: MDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Düsseldorf / free trade
München / free trade
Stuttgart / regulated dealing