EANS-News: High approval rates at ElringKlinger AGM - Dividend of EUR 0.15 per share agreed

Annual General Meeting

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Stuttgart, Dettingen/Erms (euro adhoc) - May 26, 2009 +++
MDAX-listed ElringKlinger AG will pay a reduced dividend of EUR 0.15
(0.47) per share for the 2008 fiscal year. The approx. 600
shareholders attending today's Annual General Meeting at the
Stuttgart Cultural and Congress Center "Liederhalle" approved the
actions of both the Management Board and Supervisory Board.

The shareholders looked back on an inconsistent fiscal 2008. After a
solid business performance in the first six months of 2008, the
severe decline within automobile markets in North America and Europe
over the course of the third and the fourth quarter also prompted a
visible downturn in the ElringKlinger Group.

Despite this, the automotive supplier managed to lift sales by 8.2%
to EUR 657.8 (607.8) million or the annual period as a whole. The
acquisition of the SEVEX Group, Switzerland and the expansion of the
company's ownership interest in ElringKlinger Marusan Corporation,
Japan, were responsible for this growth. Before purchase price
allocation and having eliminated non- recurring factors, profit
attributable to shareholders of ElringKlinger AG was EUR 38.7 (67.2)
million.

The shareholders approved the actions of both the Management Board
and the Supervisory Board at a rate of 99.8% and 99.1% respectively.
KPMG AG Wirtschaftsprüfungsgesellschaft Stuttgart was again appointed
as auditor for the fiscal year 2009.

The shareholders present agreed a reduced dividend of EUR 0.15 per
share for fiscal 2008, compared with a dividend of EUR 0.47 per share
(after 1:3 stock split in July 2008) for the previous year.
Calculated on the basis of profit attributable to the shareholders of
ElringKlinger AG, the dividend ratio for 2008 was 78.7%.

Furthermore, the AGM authorized the company to reacquire its own
shares up to a total amount of 10% of share capital at the date on
which this resolution was passed.

As part of an exhibition in the foyer of the "Liederhalle" Cultural
and Congress Center, Stuttgart, the company unveiled its latest
products and technology developed by the respective business
divisions of the AG and the subsidiaries of the ElringKlinger Group -
under the common heading of "CO2 reduction".

Visitors attending the event showed a particularly keen interest in a
glass exhaust tract featuring fourteen different ElringKlinger
products. Additionally, the company showcased a number of pioneering
solutions developed for the purpose of optimizing internal combustion
engines as well as components relating to fuel cell research and
battery technology.

Given the continued economic crisis and uncertainties as to the
future direction of the automobile markets, the Group unchanged has
made preparations for a range of different scenarios in 2009. These
range, in the best case, from matching the revenue and EBIT figures
of fiscal 2008 under the assumption that the global automobile
markets recover substantially by the beginning of the second half of
2009 to the scenario of a decline in vehicle production within the
Northern American and European markets by 20 to 25%, coinciding with
an additional contraction of vehicle sales within the emerging
markets. Should this last scenario eventuate, ElringKlinger
anticipates Group sales in the region of EUR 580 to 600 million and
an EBIT margin of 8 to 10% for fiscal 2009 as a whole. This includes
revenues from planned product ramp-ups as well as sales and earnings
contributions of the newly acquired SEVEX Group and ElringKlinger
Marusan Corporation, for which 2009 is the first time in which these
entities have been included in consolidated Q1 accounts (in 2008
effective from April 1 and May 1 respectively). In the first three
months of 2009, however, the markets declined at a more pronounced
rate than previously assumed as part of the negative scenario. In
January and February, aggregate vehicle sales declined by more than
22% in Europe and by 39% in the United States. The fall in vehicle
production figures was even more extensive. If the very low level of
vehicle sales seen in the first two months continues over 2009 as a
whole, Group sales may contract in the direction of EUR 500 million.
Even in this case, ElringKlinger will be targeting an EBIT margin of
5 to 8%, supported by a Group-wide streamlining program already
initiated within the area of material expenses, personnel expenses
and purchasing, as well as intensive working capital management.

Despite the difficult market environment, Dr. Stefan Wolf, CEO of
ElringKlinger AG, outlined his confidence in the company's future
prospects. "Amid the current crisis, our financial strength and
substantial equity ratio will help us in enhancing ElringKlinger's
competitive position," said Dr. Wolf in his speech to shareholders.
"We shall continue to invest heavily in research and development over
the course of this year and focus on delivering solutions that
address the core issues facing today's automobile industry: the
lowering of emission levels, the reduction of fuel consumption and
the use of alternative drive concepts," said Dr. Wolf.

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

Further inquiry note:

Stephan Haas

Investor Relations/PR

Telefon: +49(0)7123 724 137

E-Mail: stephan.haas@elringklinger.de

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