EANS-News: ElringKlinger AGM resolves on special bonus - Prof. Hans-Ulrich Sachs appointed as new member of Supervisory Board

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Annual & Special Corporate Meetings

Dettingen/Erms (euro adhoc) - Stuttgart (Germany), May 16, 2012 +++
ElringKlinger AG will pay out a total dividend of EUR 0.58 (0.35) per
share for fiscal 2011, up 66% on the previous year's dividend
distribution. The Annual General Meeting (AGM) appointed Prof.
Hans-Ulrich Sachs as a new member of the Supervisory Board of the
MDAX-listed corporation and approved the actions of the Supervisory
Board and Management Board by a large majority.

ElringKlinger benefited not only from buoyant demand for new
vehicles in the emerging markets and North America over the course
of fiscal 2011 but also from the rollout of several new products. In
2011, profit attributable to shareholders of ElringKlinger AG rose
by 44.7% to EUR 94.9 (65.6) million. The significant increase
compared to the previous year was also the result of a one-time gain
from the sale of the Ludwigsburg industrial park in August 2011.
Having accounted for deferred taxes, this contributed EUR 16.5
million to net income for the period. Beyond the regular dividend of
EUR 0.40 (0.35) per share proposed for fiscal 2011, the AGM resolved
that shareholders should also benefit from the aforementioned one-
time gain in the form of an additional special bonus of EUR 0.18 per
share. The proposal by the Management Board and Supervisory Board
for a total dividend payout of EUR 0.58 (0.35) per share was
approved by the shareholders present with 99.97% of the votes.

Thus, the total amount to be distributed rose to EUR 36.7 (22.2)
million. Based on net income generated by the ElringKlinger AG, the
dividend ratio stands at 49.5% (60.8%).

Addressing some 750 shareholders and guests attending the AGM at the
Liederhalle Cultural and Congress Center in Stuttgart, CEO Dr.
Stefan Wolf gave a positive summary of the fiscal year just ended:
"For the first time in the history of ElringKlinger we have seen
sales move beyond the threshold of one billion euros. Growth within
this area was achieved primarily under our own steam, but also with
the help of three acquisitions. In doing so, we have reached new
dimensions." In 2011, ElringKlinger recorded Group sales of EUR
1,032.8 (795.7) million. Earnings before interest and taxes (EBIT)
rose to EUR 148.7 (106.7) million.

New appointment to Supervisory Board

After Dr. Helmut Lerchner had stepped down from his post as a member
of the Supervisory Board at the end of the AGM on May 16, 2012 for
reason of age, the company's shareholders elected Prof. Hans-Ulrich
Sachs as a new member of the Supervisory Board, with 99.85% of the
votes. Prof. Sachs (59) is the managing partner of BeTec GmbH,
Adelmannsfelden, and Honorary Professor for Corporate Planning at
Esslingen University of Applied Sciences. Over the course of his
career, Prof. Sachs has held positions such as CEO of SG Holding AG,
member of the board of management for the Volkswagen brand at
Volkswagen AG and Management Board member of DEKRA AG.

The other items on the agenda were also approved with large
majorities by the shareholders of ElringKlinger. The actions of the
Management Board and the Supervisory Board were ratified with 99.99%
and 98.20% of the votes respectively. At the AGM,
PricewaterhouseCoopers Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft, Stuttgart, was re-appointed as
auditor for the fiscal year 2012. Furthermore, the company was
granted the right to increase its share capital by up to EUR 31.7
million in the period up to 2017.

New Dimensions

As part of an exhibition organized in the foyer of the Cultural and
Congress Center, ElringKlinger showcased its latest range of
products aimed at optimizing the combustion engine as well as its
most recent innovations within the field of e-mobility - under the
heading "New Dimensions". Additionally, the automotive supplier
presented the product portfolio of the Hug Group, an exhaust
treatment specialist acquired in 2011. In acquiring the Hug Group,
ElringKlinger has extended its business model to include the area of
exhaust gas purification. Among the other key attractions at the
event was a pure electric vehicle for which ElringKlinger supplies
the cell contact systems used in the lithium-ion batteries. At the
same time, the apprentices currently undergoing training at
ElringKlinger AG showed that they too are keeping their fingers on
the pulse of tomorrow's drive technology. They presented their very
own model car powered by a fuel cell and battery.

Good start to 2012

After a successful start to 2012, Dr. Stefan Wolf is relatively
confident as regards ElringKlinger's prospects for the remainder of
the financial year, despite the difficult economic climate within
the eurozone. In the first quarter of 2012, ElringKlinger again
managed to outpace the market as a whole in terms of percentage
growth in global vehicle production. Sales revenue increased by
16.1% to EUR 283.8 (244.5) million, while EBIT grew at a slightly
more pronounced rate to EUR 37.3 (32.0) million.

The Group is targeting organic revenue growth of 5 to 7% for the
2012 fiscal year as a whole. An additional revenue contribution of
around EUR 20 million is expected from the consolidation of recently
acquired Hug Engineering AG, the Hummel-Formen Group and ThaWa GmbH,
which in 2012 will be included in the scope of consolidation for a
full annual period for the first time. Group EBIT adjusted for non-
recurring items is expected to be in a range of EUR 145 to 150
million (EUR 126.0 million in fiscal 2011).

"Operating within three dimensions - 'optimization of the combustion
engine', 'exhaust gas purification' and 'e-mobility' -, we are
addressing key issues of relevance to our customers in the
automotive industry and making an important contribution when it
comes to reducing fuel consumption and scaling back emissions," said
Wolf. "As an early mover within these areas, we are well positioned
to generate sustained and profitable growth well into the future."

Further inquiry note:
ElringKlinger AG
Investor Relations / Corporate Communications
Stephan Haas
Max-Eyth-Straße 2
72581 Dettingen
Fon: +49 (0)7123-724-137
E-Mail:stephan.haas@elringklinger.com

end of announcement euro adhoc
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company: ElringKlinger AG
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
phone: +49(0)7123 724-0
FAX: +49(0)7123-7249000
mail: info@elringklinger.com
WWW: http://www.elringklinger.com
sector: Automotive Equipment
ISIN: DE0007856023
indexes: MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Düsseldorf, regulated dealing:
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English