ARQUES Industries AG / Disposal 14.04.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ARQUES sells high-performance gear manufacturer, Jahnel-Kestermann, to strategic investor - Sale proceeds to the value of more than EUR 20 million - Third exit in 2008 - Business model fully intact: Confidence regarding 2008 Starnberg, April 14, 2008 ARQUES Industries AG has sold the high-performance gear manufacturer, Jahnel-Kestermann, to the South Korean strategist, PSM, Inc., Busan, Korea, and thereby has already successfully sold the third subsidiary from its portfolio in the current financial year. The transaction proceeds amount to between EUR 20 and EUR 21 million. This again underlines that the ARQUES business model is fully intact even during times of more difficult conditions on the financial markets. As announced, ARQUES is presently conducting many promising talks regarding further transactions. 'We will continue our successful strategy: We buy, restructure and sell companies and thereby earn a lot of money. At the time of the takeover in 2005, Jahnel-Kestermann was economically in a difficult situation. After only three years ARQUES managed to sell a healthy, growing company to PSM. Thereby ARQUES, with the employment of a symbolic purchase price, generated sales proceeds of more than EUR 20 million', said Felix Frohn-Bernau, executive board member responsible for exits. In April 2005 ARQUES Industries AG took over the Bochum-based high-performance gear manufacturer for a symbolic price and averted a possible company insolvency at the time. The traditional enterprise supplies customers from the wind energy and shipbuilding segments as well as the sugar and chocolate industry, among others, with special and series high-performance gears. In the framework of the restructuring and the advancement of the company, ARQUES guided Jahnel-Kestermann into a lasting growth phase and created new jobs. The high-performance gear manufacturers capacities for 2008 are already completely booked, and there is also a robust inflow of new orders for 2009. ARQUES thus obtained an Enterprise Value of approximately EUR 40 million for the company. The actual lower proceeds from the transaction of EUR 20 to EUR 21 million result after deduction of pensions and bank debts. The buyer is the stock exchange listed Korean company, PSM, Inc., Busan. PSM operates in the metal processing segment and is a longstanding supplier of the Bochum-based gear manufacturer. PSM offers the employees and management of Jahnel-Kestermann a good environment and excellent growth opportunities particularly on the Asian markets. After the sales of Missel and Oxiris in the first quarter, the Jahnel-Kestermann sale is already the third exit transacted in the current financial year. ARQUES is expecting a total of five to seven exits in 2008. About ARQUES ARQUES Industries AG, Starnberg, (www.arques.de), is a business partner of conglomerates regarding company spin-offs and a turnaround specialist who focuses on the acquisition and the active restructuring of companies in transitional situations, in order to develop these, with its own team and own resources, to competitive enterprises with a positive yield. ARQUES revitalises its subsidiaries' potential for creating value for the benefit of all its stakeholders, taking on the relevant social responsibility. The shares of ARQUES Industries AG are traded in the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the symbol 'AQU' (ISIN: DE0005156004) and are listed in the MDAX as of October 1, 2007. Contact ARQUES Industries AG Investor Relations & Corporate Communication Anke Lüdemann, CEFA/CIIA Email: luedemann@arques.de Public Relations Christian Schneider Email: schneider@arques.de Tel.: +49 (0) 8151/ 651 0 DGAP 14.04.2008 --------------------------------------------------------------------------- Language: English Issuer: ARQUES Industries AG Münchner Str. 15a 82319 Starnberg Deutschland Phone: +49 (0)8151 651-0 Fax: +49 (0)8151 651- 500 E-mail: info@arques.de Internet: www.arques.de ISIN: DE0005156004 WKN: 515600 Indices: MDAX End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: ARQUES sells high-performance gear manufacturer, Jahnel-Kestermann, to strategic investor
| Source: EQS Group AG