DGAP-News: STEICO AG plans acquisition

| Source: EQS Group AG EQS Group AG 

STEICO Aktiengesellschaft / Letter of Intent/Acquisition

23.01.2008 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Feldkirchen (Munich) – Listed in the Entry Standard of the Frankfurt Stock
Exchange, STEICO AG is under negotiations for the acquisition of a company
in Western Europe. The company develops and produces building materials
made of natural resources. With this step STEICO aims at meeting the
increasing demand for ecological building products and building up
production capacities in immediate proximity of its sales markets.
Therewith STEICO-Group remains on growth track.

Company profile:
The STEICO Group develops, produces and sells ecological construction
products made of renewable natural resources. STEICO AG leads the European
market for wood fibre insulation materials with a market share of more than
35%. The company also enjoys top rankings for its highly effective cost
structure as well as its Germany-based Research and Development activities.
With the launch of new STEICO products 'Hemp insulation materials'
and'I-joists' as construction elements for residential construction, the
company has grown to become a system provider for ecological construction
products. The production of natural fibre boards (NFB) as components for
the I-joists rounds off STEICO‘s vertical integration, unique for the
industry. The Munich-based company‘s products are successfully used in
house construction applications for floors, walls, ceilings and roofs.

The corporate group's goal is to pursue, through clear and transparent
strategy, the recent growth reflected in double-digit turnover and profit
figures. Existing and new products, also those targeting new customers,
constitute the focus of corporate strategic planning. By means of the IPO
proceeds of June 2007 the company is in a good position to both strengthen
the core group activities and accelerate the growth process.

Contact:
Andreas Schulze
STEICO Aktiengesellschaft
Hans-Riedl-Strasse 21
85622 Feldkirchen
Fon: +49-(0)89-99 15 51-48
Fax: +49-(0)89-99 15 51-97
Email: schulze@steico.com
www.steico.com


DGAP 23.01.2008 
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Language:     English
Issuer:       STEICO Aktiengesellschaft
              Hans-Riedl-Str. 21
              85622 Feldkirchen
              Deutschland
Phone:        +49 - (0)89 - 99 15 51 - 0
Fax:          +49 - (0)89 - 99 15 51 - 99
E-mail:       info@steico.com
Internet:     http://www.steico.com
ISIN:         DE000A0LR936
WKN:          A0LR93
Listed:       Freiverkehr in Berlin, Düsseldorf, München; Entry Standard in
              Frankfurt
End of News                                     DGAP News-Service
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