euro adhoc: TA Triumph-Adler AG / Capital measures / TA Triumph-Adler AG resolves capital increase as a key element of refinancing

Geschrieben am 02-07-2007

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


Nuremberg, July 2, 2007: As part of its strategic measures for
refinancing, TA Triumph-Adler AG is to carry out a capital increase
from approved capital against cash contribution. With the approval by
the Supervisory Board, the requisite resolution was passed today, on
July 2, 2007, by the Management Board. Up to 14,897,882 bearer shares
are to be issued at a subscription price of EUR 1.88. The
shareholders have a legal subscription right in the amount of their
existing stake in the company. Moreover, the shareholders are to be
granted an oversubscription in the same amount as the legal
subscription right. Shares not subscribed by the shareholders as part
of the legal subscription right and the oversubscription will be
offered to institutional investors. There will be no trading in
subscription rights.

The period for subscription will be two weeks, starting on July 6,
2007, at the latest. The company will also endeavor to have the
shares swiftly admitted to the stock exchange.

Through a resolution passed by the Annual General Meeting of May 23,
2007, the share capital of EUR 103,637,440.00 was reduced by EUR
44,936,546.25 to EUR 58,700,893.75 by way of a simple reduction of
capital for the purpose of covering losses, with the number of shares
remaining unchanged at 40,483,375. The capital reduction has the
effect of lowering the amount of the share capital attributable to
the individual shares by EUR 1.11, from EUR 2.56 to EUR 1.45. The
capital reduction was entered into the Commercial Register on June
19, 2007.

Legal action against the capital reduction was brought by one
shareholder at the local court of Nuremberg; in the view of the
company and its lawyers, this law suit has little chance of success.
In the event that legal action should be successful, the registering
of the capital increase might be delayed or the process of the
capital increase might have to be reversed.

All in all, TA Triumph Adler AG is seeking full replacement of the
existing debt financing. Alongside the capital increase now resolved,
a mix of debt financing instruments is to be deployed. The intention
is to have fully implemented the measures in the course of the next
six to eight weeks.

Among other things, based on the current status of debt, this
refinancing will reduce the interest expense accruing from the
existing financing structure by almost EUR 5 million a year and, in
addition, is the starting point for the envisaged growth of the
company through acquisitions. At the same time, having strengthened
its equity base, the company will counter the depreciation of
deferred taxes in the consolidated balance sheet which will come
about owing to the planned corporate tax reform.

In the first quarter of the financial year 2007, the specialist
company for efficiency in the document business raised its sales by
around 20 % to EUR 105.2 million, thus generating a quarterly profit
of EUR 1.9 million. TA Triumph-Adler is planning to generate sales of
more than EUR 500 million and an operating EBIT margin of 9 % by 2010
at the latest.

TA Triumph-Adler AG
Suedwestpark 23
D - 90449 Nuremberg
Dr. Joachim Fleing
Phone: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 200

end of announcement euro adhoc 02.07.2007 16:20:11

ots Originaltext: TA Triumph Adler AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Uschie Wühr
Investor Relations
Telefon: +49(0)89 51084-914
E-Mail: uschie.wuehr@triumph-adler.de

Branche: Semiconductors & active components
ISIN: DE0007495004
WKN: 749500
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade


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