EANS-Adhoc: Miba Aktiengesellschaft / Miba AG expands Management Board

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announcement.
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Expansion of Management Board

01.02.2011

- Norbert Schrüfer will be appointed CEO of the new Miba division,
New Technologies Group as of February 1, 2011 - F. Peter
Mitterbauer, Jr., will take over the position of CEO of the Miba
Friction Group and will move up to the Management Board of Miba AG -
With the beginning of the 2011/12 business year, the Miba AG
Management Board will consist of five persons

As of February 1, 2011, Norbert Schrüfer will be appointed CEO of
Miba`s new division, New Technologies Group. With the takeover of the
Styrian manufacturers of performance electronics components, EBG and
DAU, Miba has entered a new technology field and has established an
additional division. The New Technologies Group will be the center of
excellence for the further development of new technologies and
business fields of Miba.

Concurrently, F. Peter Mitterbauer moves up to the Management Board
of Miba AG. He will become CEO of the Miba Friction Group. Born in
1975, he is the grandson of company founder Franz Mitterbauer and has
studied mechanical engineering and economics in Vienna. Following
several professional stations at an automotive supplier and a
producer of consumer goods, he accomplished an MBA program at Insead
Business School in Fontainebleau and Singapore. In 2006 he began to
work in the family company, where initially he was in charge of the
creation and development of the Asian market on behalf of Miba in
China. In 2008, he returned to Austria as Managing Director
Sales & Marketing of the Miba Friction Group.

With the beginning of the 2011/12 business year, the Miba AG
Management Board will consist of five persons. Peter Mitterbauer,
Sr., will remain Chairman of the Management Board and CFO. Wolfgang
Litzlbauer will continue to represent the Miba Bearing Group and the
Coatings Division at the Board. Harald Neubert is CEO of the Miba
Sinter Group. Norbert Schrüfer represents the new division, New
Technologies Group, at the Board, and F. Peter Mitterbauer is the
newly appointed CEO of the Miba Friction Group.

end of ad-hoc-announcement

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The Miba Group

With headquarters in Laakirchen, Upper Austria, Miba is a strategic partner to

the international engine and automotive industry. Sintered
components, engine bearings and friction materials for motor
vehicles, railways, ships, aircraft and power stations are produced
at 18 sites worldwide. As of September 2010, power electronic
components supplement Miba’s product portfolio. Miba products make
vehicles more efficient, safer and more environmentally friendly.
Miba has around 3,200 employees, over half of whom work at the
Austrian sites in Laakirchen, Vorchdorf and Roitham. In the 2009-10
business year, sales of the listed company totaled 311.8 million
euros with an operating result (EBIT) of 16.4 million euros.

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

Further inquiry note:

Mag. Eva Almhofer-Amering
Corporate Communications
Tel.: +43/7613/2541-1117
mailto: eva.almhofer@miba.com

Investoren/Analysten
Mag. Hannes Moser
Vice President Corporate Finance
Tel.: +43/7613/2541-1138
mailto:hannes.moser@miba.com

Branche: Industrial Components
ISIN: AT0000734835
WKN: 872002
Index: Standard Market Auction
Börsen: Wien / official market