euro adhoc: Polytec Holding AG / Mergers - Acquisitions - Takeovers / POLYTEC GROUP acquires 100% of the business and assets of ISE Intex GmbH

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

Company Information

31.05.2007

POLYTEC HOLDING AG, has signed an agreement to acquire the business
and assets of ISE Intex GmbH (Germany) - now under receivership after
it has filed for bankruptcy late in 2006. The closing of the
acquisition, bound on agreements to be made with OEMs and the labour
union, as well as the consent of the antitrust authority, is expected
for the 3rd quarter 2007.

ISE Intex develops and produces thermoplastic plastic parts and
modules for the automotive industry. In 2006 it generated sales of
approx. EUR 110 million with 1.000 employees at 4 plants. The
product groups according to sales 2006 are: pillars (31%);engine
parts (17%);trunk trims and door panels (18%);window frames (13%).
ISE Intex sales 2006 by customer reflects the focus on German OEMs -
BMW (34%), Mercedes Benz Car Group (25%), VW Group (21%), GM Group
(7%) and others (13%).

In the range of engine parts, trunk trims and door panels ISE Intex
was in the past a competitor of POLYTEC GROUP. With the product
groups pillars and window frames POLYTEC GROUP can expand its
business with the OEMs as they are new products.

The acquisition of the business and assets of ISE Intex is a perfect
opportunity for the POLYTEC GROUP to expand its product range mainly
for the automotive interior.

The integration of the business into the AUTOMOTIVE SYSTEMS DIVISION
enables the division to assure its position, with combined sales 2006
of approx. EUR 485 million, within the European automotive industry.
Above all the new product group´s pillars and window frames
supplement the existing product range of the AUTOMOTIVE SYSTEMS
DIVISION and positions the division increasingly as a supplier for
interior parts.

At first, the employees of ISE Intex will be transferred into a BQG
(a job creation and reskilling company). For the current production
at the 4 plants in Morsbach/Lichtenberg and Waldbröl the AUTOMOTIVE
SYSTEM DIVISION will need around 1.000 employees. In the long term
one of the current plants (4) will be closed and the production
transferred to one of the remaining ones.

After acquisition, POLYTEC GROUP will have 31manufacturing facilities
in 13 countries all over the world.

With the acquisition of ISE Intex and the recently closed acquisition
of Menzolit Fibron sales on a full year level will amount to EUR 750
million. It is to consider, that the group results 2007 will include
the results of both acquisitions pro-rata.

end of announcement euro adhoc 31.05.2007 09:29:49
--------------------------------------------------------------------------------

ots Originaltext: Polytec Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
manuel.taverne@polytec-group.com

Branche: Industrial Components
ISIN: AT0000A00XX9
WKN: A0CA1R
Index: ATX Prime
Börsen: Wiener Börse AG / official market