EANS-News: BAUER Aktiengesellschaft / BAUER Group again provides foundations for world's tallest building in Saudi Arabia

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Company Information/Government Contracts

Jeddah (euro adhoc) - In October Saudi BAUER Foundation Contractors
Ltd. - a subsidiary of BAUER Spezialtiefbau GmbH - has signed the
contract for the enabling works required for the Kingdom Tower in the
northern district of the Saudi Arabian city of Jeddah. The Kingdom
Tower will succeed the Burj Khalifa - also founded on Bauer piles -
as the tallest building in the world. At 1,001 metres, it will be the
first skyscraper to break through the kilometre mark.

Professor Thomas Bauer, Chairman of the Management Board of BAUER AG,
comments: "This contract demonstrates clients' confidence in our
ability to handle large, complex specialist foundation engineering
projects. It is great for us to be working on this building."

The enabling works include 270 bored piles of 1.5 and 1.8 metre
diameters, which have to be installed into the difficult ground
conditions down to depths of 110 metres in order to provide the
building's foundations. This challenging task is being carried out
using two each of Bauer's state-of-the-art BG 28 and BG 40 pile
drilling rigs.

The foundation works are scheduled to begin before the end of
December and take about ten months. The contract is worth
approximately EUR 25 million.

About Bauer

Bauer is a provider of services, machinery and ancillary products for
ground and groundwater. The Group markets its products and services
all over the world. Its global spread allows it to remain largely
unaffected by fluctuating business cycles.

Its business is divided into three segments: Construction, Equipment
and Resources. The Construction segment carries out specialist
foundation engineering work all over the world, developing foundation
and excavation projects as well as providing related construction
services. In its Equipment segment, in which it is the world market
leader, Bauer offers an extensive range of machinery, equipment and
tools for specialist foundation engineering and related fields. The
Resources segment encompasses the Group's operations in the
exploitation of raw materials, in environmental technology, in
geothermal drilling operations and also in equipment for wells
(including pumps and drills, screens and casings).

Bauer profits greatly from the collaboration between its three
separate segments, enabling the Group to position itself as an
innovative, highly specialized provider of complete solutions and
services for demanding projects on the specialist foundation
engineering and related markets.

Founded in 1790, Bauer today generates around three quarters of its
total revenues outside of Germany. Employing some 9,100 people, the
Group's total revenues in 2010 were EUR 1.30 billion (previous year:
EUR 1.28 billion). BAUER Aktiengesellschaft has been listed on the
official market of the Frankfurt Stock Exchange since July 4, 2006
(Prime Standard, ISIN DE0005168108).

You can also visit us on YouTube: http://www.youtube.com/BAUERGruppe

Further inquiry note:
Christopher Wolf
Investor Relations
Tel.: +49 8252 97 1797
E-Mail: christopher.wolf@bauer.de

end of announcement euro adhoc
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company: BAUER Aktiengesellschaft
BAUER-Straße 1
D-86529 Schrobenhausen
phone: +49 (0)8252-97-1797
FAX: +49 (0)8252-97-2900
mail: investor.relations@bauer.de
WWW: http://www.bauer.de
sector: Construction & Property
ISIN: DE0005168108
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English