EANS-Adhoc: Miba Aktiengesellschaft / Mitterbauer Beteiligungs-Aktiengesellschaft declares conditional increase of squeeze-out price Squeeze-out and delisting unanimously approved

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Annual & Special Corporate Meetings
12.10.2015

Laakirchen, 12 October 2015 The majority shareholder of Miba AG,
Mitterbauer Beteiligungs-Aktiengesellschaft (MBAG) in today's
shareholder meeting which was to decide on the squeeze-out and
delisting of Miba AG, requested the conditional increase of the cash
consideration from EUR 540 per share to EUR 565 per share. This
increase will only become effective upon the three conditions that

1. no objection against the shareholders' resolution is put on record
during the shareholder meeting,
2. no lawsuit for the contestation or rescission of the shareholders'
resolution is filed and
3. no application for a re-assessment of the cash consideration in
accordance with § 6 of the Austrian Squeeze-out Act is made.

This proposal followed an increase of the price offered by MBAG to
the preferred shareholders of Miba AG to EUR 565 per share on 18
September 2015 in the concurrent voluntary takeover offer.

MBAG justified today's conditional rise in the squeeze-out price with
saving legal and consulting costs as well as time required for the
related review process in the interests of all shareholders. These
savings can be passed on to all remaining free float shareholders in
the form of a conditionally increased cash settlement if this cash
compensation is not subject to a lengthy and costly re-assessment
process.

The re-assessment of the cash consideration can be applied for until
one month after the publication of the registration of the
squeeze-out with the commercial register. Accordingly, only in the
beginning of January 2016 it will be clear whether the conditions are
met and whether the increase of the cash consideration has become
effective.

The Extraordinary General Meeting has now unanimously approved this
resolution and the resolution on the squeeze out. Accordingly, the
listing of Miba AG will be terminated in the course of the fourth
quarter of 2015.

Irrespective of the squeeze-out now decided, the deadline to accept
the MBAG's concurrent voluntary takeover offer at EUR 565 per share
will end on 26 November 2015.

end of ad-hoc-announcement ==========================================
====================================== Miba AG, which is a listed
company (WKN 872002), is one of Austria's leading industrial and
technology companies. Formed in Laakirchen in Upper Austria in 1927,
the high-tech group today develops and manufactures its products at
22 sites in eleven countries. Miba products can be found in the
passenger vehicles, trucks, construction machinery, trains, ships,
aircraft and power plants made or built by the respective leading
global manufacturers. The Company specializes in engine bearings,
friction materials, sintered components and coatings. In addition,
Miba manufactures passive electronic components such as resistors and
cooling systems which are needed, among other things, in power
transmission systems. Moreover, the Company develops and manufactures
special machinery for high-precision machining of large components.
Miba employs more than 5,000 members of staff. Revenue in fiscal year
2014-2015 amounted to EUR 669.3 million, while profit before interest
and tax (EBIT) was EUR 81.9 million.

Further inquiry note:
Mag. Valerie Weixlbaumer-Pekari
Head of Corporate Communications & Marketing Services
Tel.: +43/664/5416364
mailto: valerie.weixlbaumer@miba.com

Investoren/Analysten
MMag. Markus Hofer
CFO
Tel.: +43/7613/2541-1138
mailto:markus.hofer@miba.com

end of announcement euro adhoc
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issuer: Miba Aktiengesellschaft
Dr.Mitterbauer-Straße 3
A-4663 Laakirchen
phone: 07613/2541-0
FAX: 07613/2541-1010
mail: info@miba.com
WWW: www.miba.com
sector: Industrial Components
ISIN: AT0000734835
indexes: Standard Market Auction
stockmarkets: official market: Wien
language: English