EANS-Voting Rights: Progress-Werk Oberkirch AG / Release according to article 26, section 1 WpHG (Securities Trading Act) with the aim of Europe-wide distribution

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Notification of voting rights transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
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Announcement according to Article 21, Section 1 of the WpHG (share)

Person/company obliged to make the notification:
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Name: Landesbank Baden-Württemberg
Place: Stuttgart
State: Deutschland

1)On May 22, 2012, Landesbank Baden-Württemberg, Stuttgart, Germany, has

informed us according to Article 21, Section 1 of the WpHG that its Voting
Rights on Progress-Werk Oberkirch AG, Oberkirch, Germany, ISIN: DE0006968001,
WKN: 696 800, have exceeded the 3%, 5%, 10% and 15% limits of the Voting
Rights on May 16, 2012 and amount to 20.00% on this day (625,000 Voting
Rights).

2)Also on May 22, 2012, Landesbank Baden-Württemberg, Stuttgart, Germany, has
informed us according to Article 21, Section 1 of the WpHG that its Voting
Rights on Progress-Werk Oberkirch AG, Oberkirch, Germany, ISIN: DE0006968001,
WKN: 696 800, fell below the 20% and 15% limits of the Voting Rights on May
18, 2012 and amount to 13.08% on this day (408,619 Voting Rights).

3)Furthermore, on May 22, 2012, Landesbank Baden-Württemberg, Stuttgart,
Germany, has informed us according to Article 21, Section 1 of the WpHG that
its Voting Rights on Progress-Werk Oberkirch AG, Oberkirch, Germany, ISIN:
DE0006968001, WKN: 696 800, fell below the 10%, 5% and 3% limits of the
Voting Rights on May 21, 2012 and amount to 0.00% on this day (no Voting
Rights).

Oberkirch, May 24, 2012

Progress-Werk Oberkirch AG

The Executive Board

Further inquiry note:
Bernd Bartmann (CFO)
Phone: +49 7802 / 84-347
Fax: +49 7802 / 84-789
e-Mail: bernd.bartmann@progress-werk.de

end of announcement euro adhoc
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issuer: Progress-Werk Oberkirch AG
Industriestraße 8
D-77704 Oberkirch
phone: +49(0)7802 84-0
mail: info@progress-werk.de
WWW: http://www.progress-werk.de
sector: Automotive Equipment
ISIN: DE0006968001
indexes:
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English