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Oerlikon announces definitive public tender offer price for Saurer Ltd. shares set at CHF 135 per share

Pfäffikon SZ (Switzerland), October 16, 2006 – OC Oerlikon Corporation Ltd., Pfäffikon, Switzerland, (“Oerlikon“; security no. 81 682; ticker symbol: OERL) has for the last time increased the price of its public tender offer – pre-announced on September 6, 2006 – for all publicly held shares of Saurer Ltd. from CHF 116.50 to CHF 135 per share. “This represents the best possible offer to the shareholders of Saurer,” says Thomas Limberger, CEO of Oerlikon.

Saurer Ltd. will publicly comment this offer tomorrow morning before the opening of the stock market. In accordance with the initial planning, the public tender offer will be published the day after tomorrow, Wednesday, October 18.

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