euro adhoc: Thielert AG / Restructuring & Recapitalisations / Thielert AG plans capital increase without subscription rights

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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11.07.2007

Hamburg, 11 June 2007: Thielert AG (ISIN DE 0006052079) intends to
place between 1,100,000 and 1,300,600 shares from a cash capital
increase. On the basis of the authorisation given by the Annual
General Meeting on 19 September 2005, the Board of Management and the
Supervisory Board of Thielert AG resolved today to increase the
company´s registered capital by up to 1,300,600 shares (up to 6.5% of
the current registered capital) without subscription rights.

The placing price for the up to 1,300,600 shares has been set at
EUR21,75 which corresponds to a 5% discount based on today´s volume
weighted average share price until 12.00 CET. The offering of the new
shares by means of an accelerated bookbuilding is exclusively
directed at German and international institutional investors.
Following Thielert´s announcement on 28th June 2007 regarding the
significant step forward in the relationship with Cessna and the
success of the CENTURION engine, Thielert is now looking to
pre-finance a potential serial production for two of its OEM clients.
As a result Thielert is now intending to increase its financial
flexibility and strengthen its balance sheet with the capital
increase. The company expects net proceeds of around EUR25-28 million
of which around 2/3 will be used to pre-finance the expected working
capital increase with regard to the above mentioned OEM projects.
Around 1/3 will be used to expand the company´s production capacity
at its Altenburg and Lichtenstein plants.

The final number of shares and the proceeds of the issue will be made
public in a separate Ad-hoc disclosure.

Important Information

This announcement contains forward-looking statements, which reflect
Thielert AG's current expectations and projections about future
events. Various known and unknown risks, uncertainties and other
factors could cause future results, financial condition, performance
or development of the Company to differ materially from those
described in these forward-looking statements. No obligation is
assumed by Thielert AG to update any forward-looking statements.

The information contained in this announcement is not for publication
or distribution in Canada, Australia or Japan and does not constitute
an offer of securities for sale in such countries.

The placement of shares and the distribution of this announcement or
other information in connection with the placement could be
restricted in certain jurisdictions by applicable law and any persons
who obtain any documents referred to herein or any other information
with respect thereto, must inform themselves about any such legal
restrictions and must observe these restrictions. Not observing any
of these legal restrictions could constitute a violation of the
applicable securities laws in the relevant jurisdiction.

This announcement is not an offer of securities for sale in the
United States of America. Securities may not be offered or sold in
the United States of America absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended. Any
public offering of securities to be made in the United States of
America will be made by means of a prospectus that may be obtained
from Thielert AG or the selling shareholder and that will contain
detailed information about the company and management, as well as
financial statements.

This announcement is directed at and/or for distribution in the
United Kingdom only to (i) persons who have professional experience
in matters relating to investments falling within article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the "Order") or (ii) high net worth entities falling
within article 49(2)(a) to (d) of the Order (all such persons being
together referred to as "relevant persons"). Any investment or
investment activity to which this announcement relates is available
only to relevant persons and will be engaged in only with relevant
persons. This announcement is directed only at relevant persons. Any
person who is not a relevant person should not act or rely on this
announcement or any of its contents.

This announcement is not a prospectus in the meaning of the German
Securities Prospectus Act and the EU Prospectus Regulation Nr.
809/2004 of 29 April 2004 and does not constitute an offer to sell or
the solicitation of an offer to purchase the shares or other
securities of Thielert AG.

The information contained in this announcement is not for publication
or distribution in the United States of America.

end of announcement euro adhoc 11.07.2007 14:39:41
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ots Originaltext: Thielert AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Sebastian Wentzler
Leiter Unternehmenskommunikation
Telefon: +49(0)40/696950-35
E-Mail: ir@thielert.com

Branche: Machine Manufacturing
ISIN: DE0006052079
WKN: 605207
Index: SDAX, CDAX, Prime All Share, Classic All Share
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade