EANS-Adhoc: FACC AG / Acquisition of FACC finalised ISIN: AT0000A05TW8

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03.12.2009

Acquisition of FACC finalised

• FACC to accelerate growth under new ownership
• Customers of FACC welcome the change of ownership
• A share capital increase of 40 million Euros is carried out

Ried/Vienna - 3. December 2009 - The acquisition of the majority of
FACC AG by the international aerospace company Xi´an Aircraft
Industry (Group) Company Ltd. (XAC) and the private equity company
Advanced Treasure Limited (ATL), announced in October, was finalised
today: XAC, headquartered in Xian (China), and ATL, headquartered in
Hongkong, now formally are the majority owners of FACC AG, holding
91.25% of the shares of the leading Austrian aerospace supplier in
which XAC holds 90% and ATL holds 10% shares. 5% remain in the
possession of the Austrian holding company ACC Kooperationen und
Beteiligungen GmbH and 3.75% are owned by Stephan Ges.mbH.

After all conditions for the transaction closing have been cleared by
both sides, the majority acquisition by XAC has today been formally
completed. Following the closing of the transaction today, the newly
formed supervisory board will now take up its function. It consists
of four representatives of the new owner, one member from Goodrich
Corporation, one from Beijing Institute of Aeronautical Materials
(BIAM), and three representatives of the FACC works council. All
former supervisory board members have resigned.

Growth strategy The new owner will reinforce the successful
international growth strategy that FACC persecuted under the former
owners and provide the company access to new capital as well as to
the fast growing markets of China and the Asia-Pacific region. FACC
will remain a stand-alone independent corporate entity with the
current management team under the leadership of CEO Walter Stephan.
The headquarters in Ried im Innkreis and the other Austrian and
international locations with a workforce of 1,560 people will be
retained.

Management committed to new ownership The management of FACC is fully
committed to the new ownership structure and the opportunities it
presents for future business development. Walter Stephan, CEO of FACC
AG, will remain invested in the company and says: "In the past years,
FACC has achieved impressive development. XAC will strengthen our
position as an internationally successful development and systems
supplier to the OEMs and first tiers in the aviation industry. This
is an unique opportunity to step up the growth path, supported by the
new owner. XAC has a long-term strategic interest in the aviation
industry, has excellent contacts in the growth market of China and
long-term commitment to FACC and its customers. "

Share Capital Increase Dr. Bernhard Matzner, CFO of FACC AG,
underlines that the partnership with XAC provides access to the huge
Chinese market and at the same time offers opportunities to increase
the share of USD based manufacturing by outsourcing projects to China
which will also lead to a better hedge against the ever weakening
dollar. In addition, the share capital increase will significantly
strengthen the company's position among the Tier 1 suppliers.

FACC and XAC combine their strengths FACC and XAC enter into this
strategic partnership with the goal to provide high-quality,
cost effective solutions to the global aviation industry. The two
companies combine their individual strengths. On one hand, FACC as
a Tier 1 supplier has an established global customer base,
an extensive product portfolio - including the new aircraft
programs - and a well-developed supply chain and is among the
market leaders in composite design and manufacturing. Moreover,
FACC is very well represented on the European and American market.

XAC, on the other hand, plans to make high investments in the
aviation sector - both in the form of the above mentioned share
capital increase as well as in new programs and technologies. The
Chinese aviation company offers a favourable operating cost
structure and production capacity in a USD based region. XAC has
many years experience in the manufacture of wings and side
stabilizers. Being located in the fast-growing Chinese aviation
market, for which in the next 20 years a demand for more than
3,000 new aircraft is projected, offers a great business
potential.

Globally positioned FACC and XAC are forging a partnership to provide
the worldwide customers in the aerospace market a wide range of
business offerings that are based on a global network of
engineering, manufacturing and customer support sites as well as
supply chain partners in Europe, China, Malaysia, India and Abu
Dhabi. This creates an ideal condition to best meet customer needs
and to provide leading- edge technology for ready-to-install
solutions. FACC wants to be a preferred Tier 1 supplier to OEMs
for aerostructures, engine and nacelle components and interior
furnishings. The objectives of FACC are to provide turn-key
business solutions ranging from risk-sharing participation through
program financing, R&D, engineering, to industrialization and global
sourcing networks; to expand market share by emphasizing the
research and engineering resources and to

support the specified growth plans by enlarging the client base. Another goal
is to continuously improve the production processes in order to maintain cost
leadership. An experienced management and financial stability ensure that
customer expectations are met or exceeded.

About XAC
As part of the AVIC group, XAC is a large, global industrial group with
headquarters in Xi´an, China. XAC specializes in the development and

manufacture of large and medium-sized aircraft. As a supplier of
the fuselage and the wing, the majority-owned subsidiary of XAC,
Xi´an Aircraft International Corporation ("XAIC") is heavily
involved in the Chinese regional jet program ARJ21. XAIC will also
play a significant role in the development and production of the
planned medium-range aircraft C919. Since 1980, XAC has been a
supplier to international customers, including Boeing and Airbus,
for various structural components such as A320 wing box and the
Boeing 737 vertical fin. Further information can be found under
www.xac.com.cn.

About FACC FACC AG is one of the world´s leading companies in
the development and production of advanced fibber reinforced
composite components and systems for the aviation industry.
Their product portfolio ranges from structural components
for the fuselage and wings to engine components to complete
passenger cabins for passenger planes, business jets and helicopters.
FACC is a supplier to all large aircraft manufacturers such
as Airbus, Boeing, Bombardier, Embraer and ACAC as well as for
engine manufacturers and sub- suppliers of manufacturers. Further
information can be found under www.facc.at.

For further information please contact:

Walter A. Stephan
CEO, FACC AG
Tel: 059-616-1100, E-Mail: w.stephan@facc.at

Andrea Schachinger
Corporate Communication
Tel: 059/616-1194, E-Mail: a.schachinger@facc.at
www.facc.at

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

Further inquiry note:

Dr. Bernhard Matzner

Chief Financial Officer/FACC AG

Tel. 059-616-1324

b.matzner@facc.at

Branche: Industrial Components
ISIN: AT0000A05TW8
WKN:
Börsen: Wien / Regulated free trade