DGAP-Adhoc: Pfleiderer AG Starts Share Buyback

| Source: EQS Group AG EQS Group AG 

Pfleiderer AG / Share Buyback/Share Buyback

01.07.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Pfleiderer AG Starts Share Buyback

–Plan to purchase up to 1,000,000 Pfleiderer shares via the stock exchange–

Neumarkt, July 1, 2008 – The Executive Board of Pfleiderer AG, Neumarkt,
has resolved to purchase up to 1,000,000 shares of the Company via the
stock exchange in the period up to July 25, 2008. This corresponds to
approximately 1.87% of the share capital. Pfleiderer AG is thus exercising
the authorization by the Annual Shareholders´ Meeting on June 12, 2008 to
acquire own shares.

The primary purpose of the share buyback is to use the own shares acquired
to settle the subscription rights for shares of the Company from stock
options issued in conjunction with Pfleiderer stock option plans, or to be
issued under future plans. The shares will also be purchased for the
purpose of using them to acquire companies, parts of companies, or
interests in companies.

The share buyback will be executed under the lead management of one or more
credit institutions whose decisions about the timing of the purchase of own
shares will be independent of and not influenced by the Company. The shares
will be acquired exclusively via Xetra trading on the stock exchange. No
more than 25% of the average daily trading volume on the 20 trading days
prior to the purchase date may be purchased on any single day. After
execution, the transactions will be regularly announced on Pfleiderer AG’s
website (www.pfleiderer.com).
Contact person:
Fabian Schiffer
Vice President Corporate Communications
Phone: +49 (0) 91 81 / 28 84 91
Fax: + 49 (0) 91 81 / 28 60 6
E-mail: fabian.schiffer@pfleiderer.com


DGAP 01.07.2008 
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Language:     English
Issuer:       Pfleiderer AG
              Ingolstädter Straße 51
              93218 Neumarkt
              Deutschland
Phone:        +49 (0)9181 28 - 8491
Fax:          +49 (0)9181 28 - 606
E-mail:       fabian.schiffer@pfleiderer.com
Internet:     www.pfleiderer.com
ISIN:         DE0006764749
WKN:          676474
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News                                     DGAP News-Service
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