DGAP-Adhoc: PETROTEC AG: Changes in membership of Management and Supervisory Boards

PETROTEC AG / Change of Personnel/Restructure of Company

08.12.2008 

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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Ad hoc disclosure pursuant to section 15 WpHG

Petrotec AG: Changes in the membership of the Management and Supervisory
Boards

  - The Supervisory Board appoints two representatives of main shareholder
    IC Green Energy Ltd. to the Management Board

  - Roger Boeing, previously CEO, becomes Spokesman for the Board

  - Christoph Neizert resigns  from the Supervisory Board

Borken, Dec. 8, 2008 – The Supervisory Board of Petrotec AG (ISIN
DE000PET1111) has appointed Mr. Boaz Zafrir and Ms. Hana-Muriel Setteboun
members of the Management Board with effect as of December 4, 2008 and as
part of reorganizing the Board’s duties has with effect as of December 4,
2008 appointed Roger Boeing, hitherto CEO, Spokesman for the Board. The
Management Board now has five members, rather than the previous three. Boaz
Zafrir and Hana-Muriel Setteboun are managers of IC Green Energy Ltd.,
Israel, which owns 42.83 % of the Petrotec AG shares. Boaz Zafrir has many
years experience as a CFO and CEO in the animal- and
vegetable-oil-processing industries and will be in charge of Business
Development and Restructuring. Hana-Muriel Setteboun has a strong track
record in strategy and long-term financing and will be in charge of
Strategy and Long-term Financing. As stated in the ad hoc disclosure of
Sept. 18, 2008, Christoph Neizert resigned from the Petrotec AG Supervisory
Board with effect from December 1, 2008, the day when the shares held by
Petrotec S.à r.l. were assigned to IC Green Energy Ltd.

Disclaimer
This press information constitutes neither an offer to buy or to sell
shares or other securities issued by Petrotec AG, nor a solicitation of
offers to buy or subscribe to securities. The shares offered during the IPO
have already been placed.

About PETROTEC
Since November 2006, Petrotec AG has been listed in the Prime Standard
segment of the Frankfurt Stock Exchange under WKN PET111, ISIN
DE000PET1111. Petrotec is one of the pioneers of the German biodiesel
industry. The company started as early as 1998 with the development of a
process to produce biodiesel from used frying and deep-frying oil.
Petrotec’s first industrial biodiesel production plant went turn-key in
2000. Petrotec’s proprietary technology is capable of transforming virgin
vegetable oils such as rapeseed, soybean or palm oil as well as
hard-to-process oils and fats such as used cooking oils, animal fats and
oils or fish oil in a single fully continuous process into biodiesel and,
thus, is truly a multi-feedstock technology. The annual capacity of the
plant in Borken (Westphalia), Germany, is 85,000 t biodiesel. In the first
half of 2008 a second production has commenced operations in the deep-sea
port of Emden with an annual capacity of 100,000 t. Unlike many of its
competitors, Petrotec in its ongoing operations has for years now primarily
produced biodiesel from used cooking oils in a fully continuous process.
Treated used cooking oils as feedstock for biodiesel production is up to 50
percent cheaper to procure than the rapeseed oil predominantly used by
Petrotec's rivals in Europe. This enhances Petrotec's cost-competitiveness
over other manufacturers of biodiesel, as 70-90 percent of biodiesel
production costs relate to raw materials.

For further information, please contact

PETROTEC AG
Mr Falk von Kriegsheim
Head of Investor Relations / Corporate Communications
Fürst-zu-Salm-Salm Strasse 18
46325 Borken
Germany

Tel +49 (0)2862 910060
Fax +49 (0)2862 9100760
Mobil +49 (0)173 6291344
f.kriegsheim@petrotec.de
www.petrotec.de
DGAP 08.12.2008 
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Language:     English
Issuer:       PETROTEC AG
              Fürst-zu- Salm-Salm-Str. 18
              46325 Borken-Burlo
              Deutschland
Phone:        +49 (0)2862 9100 19
Fax:          +49 (0)2862 9100 99
E-mail:       info@petrotec.de
Internet:     www.petrotec.de
ISIN:         DE000PET1111
WKN:          PET111
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Hamburg, Düsseldorf, Stuttgart
End of News                                     DGAP News-Service
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