EANS-Adhoc: A-TEC Industries AG / A-TEC INDUSTRIES AG prices bonds due 2014 with conditional conversion rights

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Company Information

24.09.2009

AD-HOC RELEASE Vienna, 24 September 2009 A-TEC INDUSTRIES AG prices
bonds due 2014 with conditional conversion rights

A-TEC INDUSTRIES AG (the "Company") announces the pricing of its
offering of bonds due 2014 (the "Bonds") with conditional conversion
rights into common bearer shares with no par value of the Company
(the "Shares") to institutional investors in Austria and other
jurisdictions outside the United States, Canada, Australia and Japan
(the "Offering"). The final size of the offering is EUR110 million.
The Company has granted Nomura International plc an overallotment
option of up to EUR10 million exercisable by Nomura International plc
until two days prior to the Closing Date. The Bonds will pay an
annual coupon of 8.75 % and the initial exercise price is EUR14.76,
representing a 27.5 % premium to the volume weighted average price of
the Shares on the Vienna Stock Exchange during the bookbuilding
period. The management board of the Company has set, with the consent
of the Company´s supervisory board, the final terms of the Bonds. An
extraordinary shareholders' meeting is scheduled to be held on or
about 19 October 2009 to approve the inclusion of a conversion right
in the terms of the Bonds in accordance with the Terms and Conditions
of the Bonds. Until the necessary shareholders´ approvals are
obtained and registered in the commercial register, the Bonds will be
settled in cash or, at the Company's discretion, existing Shares of
the Company upon exercise by bondholders of their option right. The
Bonds will be issued at 100 % of their principal amount and, unless
previously redeemed, exercised or cancelled, will be redeemed on 27
October 2014 at par plus accrued interest. The closing and settlement
of the Offering is expected to occur on or around 27 October 2009. It
is intended that an application will be made to admit the Bonds to
trading on the third market of the Vienna Stock Exchange. The final
terms of the Bonds will be published via the electronic media in
accordance with § 48d of the Austrian Stock Exchange Act (BörseG) and
on the homepage of the Company (www.a-tecindustries.com). Nomura
International plc has been appointed as the sole lead manager and
bookrunner for the Offering. Concurrently with the Offering, the
Company has repurchased EUR87.56 million in aggregate principal
amount of its 2.75% Convertible Bonds of 2007 due 2014 for an
aggregate purchase price of EUR58.37 million, which will be paid out
of the net proceeds from the Offering. The repurchased Convertible
Bonds will be cancelled so that following the cancellation, EUR92.44
million in aggregate principal amount of such Convertible Bonds
remain outstanding. The remainder of the net proceeds from the
Offering will be used by the Company for general corporate purposes.

About A-TEC INDUSTRIES AG Vienna listed A-TEC Industries AG is a
Vienna-based international industrial group with successful
operations in drive systems, plant engineering, machine tools and
metallurgy. The Company currently employs around 12,000 people, and
the half year results for 2009 show sales revenues of EUR 1.46 bn.
For further information visit www.a-tecindustries.com.

Disclaimer Not for release, publication or distribution in the United
States, Canada, Australia, Japan and any other jurisdiction in which
offers or sales of securities of A-TEC INDUSTRIES AG are prohibited
by applicable law. This press release does not constitute an offer to
sell or a solicitation of an offer to purchase securities of A-TEC
INDUSTRIES AG. This press release is not being issued in the United
States of America and must not be distributed to U.S. persons (as
defined in Regulation S of the U.S. Securities Act of 1933, as
amended ("Securities Act")) or publications with a general
circulation in the United States. This press release does not
constitute an offer or invitation to purchase any securities in the
United States. The Bonds and the Shares to be delivered upon exercise
of the option right have not been registered under the Securities Act
and may not be offered, sold or delivered within the United States or
to U.S. persons absent registration under or an applicable exemption
from the registration requirements of the United States securities
laws. This press release is not for general publication, release or
distribution in the United Kingdom and may only be distributed in the
United Kingdom to persons who (i) are investment professionals
falling within article 19(5) of the U.K. Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005, in its current
version (the "Order"), or (ii) are high net worth entities or other
persons to whom it may lawfully be communicated falling within
article 49(2) (a) to (d) of the order (all such persons will be
termed "Relevant Persons" below). Anyone in the United Kingdom who is
not a Relevant Person may not act on the basis of this press release
or its contents. Any investment or investment activity to which this
press release refers is only available to Relevant Persons and is
only carried out with Relevant Persons. From the announcement of the
final terms of the Bonds, Nomura International plc, as stabilisation
manager, may over-allot or effect transactions with a view to
supporting the market price of the Bonds or the Shares at a level
higher than that which might otherwise prevail. Such stabilising, if
commenced, may be discontinued at any time and must be brought to an
end no later than the earlier of 30 days after the closing date and
60 days after allotment of the Bonds. If commenced, such stabilising
may lead to a market price of the Bonds and/or the Shares which may
be higher than the level that would exist if no such stabilising
measures were taken and may indicate to the market a price stability
which without such stabilising might not prevail. However, there is
no obligation to engage in such stabilisation activities and such
stabilisation, if commenced (which may not occur before the final
terms of the Bonds have been announced), may be discontinued at any
time. Stabilisation/FSA. Forward Looking Statements Certain
information contained in this press release constitutes
"forward-looking statements". Investors are cautioned that
forward-looking statements are inherently uncertain and involve risks
and uncertainties that could cause actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements or information. Such statements
include comments regarding the completion and terms of the proposed
Offering and the use of proceeds therefrom. Factors that could cause
actual results or events to differ materially from current
expectations include, among other things, risks relating to global
political uncertainties, unanticipated events impacting the use of
proceeds from the Offering, changes in the price of copper and
changes in global securities markets. Investors and others should not
assume that any forward-looking statement in this press release
represents management's estimate as of any date other than the date
of this press release.

Ende der Mitteilung euro adhoc
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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Investor Relations Contact:

Gerald Wechselauer

Investor Relations

Phone: +43 1 22760-130

Email: gerald.wechselauer@a-tecindustries.com

Press Contact:

A-TEC Industries AG Press Office

Claudia Müller-Stralz

Pleon Publico Public Relations & Lobbying

Tel.: +43 1 71786-107

E-mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wien / Regulated free trade