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Board of Directors approves Renova’s applications for entry of shares in the register. New election proposals for composition of the Board of Directors

Pfäffikon SZ, 09. Mai 2008 - Today the board of directors of OC Oerlikon Corporation AG, Pfäffikon approved applications received on 10, 11 and 14 April 2008 of Renova Industries Ltd., Bahamas, for the entry of additional shareholdings in the share register. Various title and merger control-related questions that had initially remained unclarified were adequately clarified by the shareholders involved. The total volume of the shares affected by this decision makes up 15.44 per cent of the company's share capital. Now 24.99 per cent of the outstanding shares are entered in the share register under Renova's name. Victory Industriebeteiligung AG, Vienna, holds 26.32 percent of the issued shares in the share register.

Additionally the Board of Directors proposes to the Annual Meeting of Shareholders on May 13 to elect the following members of the Board:

  • Vladimir Kuznetsov (re-election)
  • Dr. Hanno M. Bästlein (re-election)
  • Carl Stadelhofer, Zürich (new election)
  • Dr. Urs Meyer, Lenzburg (new election)
  • Hans Ziegler, Zug (new election)
  • Kurt Hausheer, Buonas (new election)

Georg Stumpf and Günther Robol, as current members of the board, will not stand for re-election.

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