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Contradictory disclosures regarding shareholding in OC Oerlikon Corporation AG, Pfäffikon

Pfäffikon SZ, April 22, 2008 - Within the scope of the statutory disclosure requirements, VICTORY Industriebeteiligung AG first announced on December 17, 2007 that they had accorded Renova Industries Ltd. a Call Option on 1 073 941 shares - corresponding to 7.59 per cent of the issued shares.

Renova disclosed yesterday, April 21, 2008, that they had exercised this Call Option on April 15, 2008 and expect the transfer of the shares today, April 22, 2008. Hence, Renova announced a current corresponding shareholding in Oerlikon of 31.98 per cent.

In contrast, VICTORY announced to the Swiss Stock Exchange and Oerlikon also on April 21, 2008 that the exercising of the Call Option had no validity as Renova until today has still not fulfilled material conditions for the exercising despite repeated requests from VICTORY to do so. VICTORY therefore declares a current shareholding in Oerlikon of 26.23 per cent. 
The exact positions can be seen in the disclosure announcements of Renova and VICTORY which Oerlikon will soon be publishing.

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