Dr Hanno M. Bästlein vacates seat on Board of Directors

Pfäffikon SZ, October 8, 2008 - In agreement with the Chairman of the Board of Directors, Vladimir Kuznetsov, Dr Hanno Bästlein will vacate his seat on the board on October 31, 2008. Owing to his personal situation Dr Bästlein will not be able to maintain the level of presence on the Oerlikon Board which he considers necessary in the current market situation. Nevertheless, Dr Bästlein will remain a friend of the company in future. Mr Kuznetsov said: "We would like to thank Dr Bästlein for his commitment and valuable support during his time on the Board of Directors of Oerlikon."