Ad-hoc | 23 May 2001 08:19

Ad hoc-Service: Palfinger AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AD HOC-INFORMATION Palfinger increases capital to finance further growth o One-for-ten subscription ratio – Increase in free float to 35 % possible o Subscription period from 25 May to 7 June, offering period ends 11 June Bergheim/Salzburg, 23 May 2001 Palfinger AG, listed on the Vienna Stock Exchange, is increasing its capital in a one-for-ten subscription ratio. From 25 May 2001 837,000 new shares of Palfinger AG are going to be offered for subscription to existing shareholders and the public in form of a public offering. Existing shareholders may subscribe for new shares until 7 June 2001, the offering period ends on 11 June 2001. Subscription rights are expected to be traded from 29 to 31 Mai 2001. The offering price of the new shares is going to be set by the Company in consultation with Deutsche Bank at the end of the bookbuilding process and will be similar in value to the share price. It is going to be announced on 12 June. The new shares are fully entitled to dividend retroactive to the beginning of the year. As a result of the capital increase free float may increase from currently 30 percent up to 35 percent. Palfinger is going to use the proceeds of the flotation to further finance internationalisation measures and to introduce new products and systems. The underwriting banks of the transaction are Deutsche Bank and Raiffeisen Zentralbank Österreich. Contact: Hannes Roither Palfinger AG Public Relations & Investor Relations +43-662-4684-2260 h.roither@palfinger.com end of ad hoc announcement (c) DGAP 23.05.2001 ——————————————————————————– WKN: 075830; Index: Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldof Frankfurt und Stuttgart 230819 Mai 01