SMT Scharf AG acquires large order from Russia

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companies/large order

Hamm (euro adhoc) - Hamm, May 22, 2007 - The SMT Scharf AG (WKN
575198, ISIN DE0005751986) has received a large order to deliver six
derailment-proof monorail trains to the Russian Severstal group. The
contract has a volume of more than EUR 3 million. The trains will go
into operation in multiple Severstal mines in Northern Siberia.

Severstal is one of the top coal producers in Russia. Currently, the
company operates seven mines in Northern Siberia. Due to the
successful operation of SMT Scharf´s trains in one of the mines,
Severstal now decided to use these systems to a larger extent. The
factors of success were the drives´ long life expectancy and the
systems´ low operating and maintenance costs.

"This contract is our largest single order for derailment-proof
railways from Russia. It clearly proves our successful strategy to
expand internationally", comments Dr. Friedrich Trautwein, CEO of the
SMT Scharf AG. After delivery and initial operation during the third
quarter, the SMT Scharf AG will open a service center in Northern
Siberia. In the first quarter of 2007 SMT Scharf generated revenues
of EUR 9.1 million and an EBIT margin of 17.8%.

Company profile

The SMT Scharf group develops, builds and maintains rail-bound
railway systems for mining and use in tunnels. The trains are used
all over the world, primarily in hard coal mines, gold mines and in
underground mining for platinum, diamonds, copper and nickel. They
are used to transport material and personnel with working loads of up
to 35t. Rail-bound trains are the only means of transport that can be
used underground on branching lines to cope with inclines of more
than 13 degrees. The SMT Scharf Group has subsidiaries in Germany,
Poland and South Africa, external employees in China and Russia, and
agencies around the world. The railways developed by SMT Scharf are
characterized, above all, by high-performance engines, high working
loads, high speed and low operating and maintenance costs. SMT Scharf
records more than 50% of its revenues abroad, in 2006 64% of order
intake was from high-growth foreign markets such as Russia, China and
South Africa. The replacement parts and repairs business constitutes
around 55% of revenues. The advances in exploitation of resources
make underground conditions increasingly difficult which in turn
requires more high technology transport solutions in mining. The
total market for underground transport technology comprises around
EUR 5 billion to EUR 7 billion per year according to company
estimates.

end of announcement euro adhoc 22.05.2007 17:47:56
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ots Originaltext: SMT Scharf AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Contact

Investor Relations
cometis AG
Henryk Deter
Tel: +49(0)611 - 205855-13
Fax: +49(0)611 - 205855-66
e-mail: deter@cometis.de

Branche: Machine Manufacturing
ISIN: DE0005751986
WKN: 575198
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Bayerische Börse / free trade