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Oerlikon's holding in Saurer exceeds 90%

  • Publication of the final interim result: confirmation of the provisional interim result
  • Oerlikon acquired additional Saurer Shares and now holds 90.98% of Saurer

Pfäffikon SZ, December 8, 2006 - Today, OC Oerlikon Corporation AG, Pfäffikon ("Oerlikon") publishes the final interim result of its public tender offer ("Offer") for all publicly held registered shares of Saurer AG, Arbon ("Saurer" and "Saurer Shares" respectively). The final interim result accords the numbers of the provisional interim result, which was released on December 4, 2006. As of December 1, 2006, the date of the expiry of the Offer, Oerlikon held in total 89.26% of the share capital and the voting rights of Saurer.

Subsequent to the expiry of the Offer, Oerlikon bought additional 250'000 Saurer Shares on the market and, as of December 6, 2006, holds 90.98% of the share capital and the voting rights of Saurer.

The additional acceptance period of ten trading days will run from December 8, 2006 to December 21, 2006. Oerlikon reserves the right to extend the additional acceptance period with the approval of the Swiss Takeover Board. During the additional acceptance period the holders of Saurer Shares who have not yet tendered their Saurer Shares may tender them to the Offer. The offer price per Saurer Share amounts to CHF 135.00 net and will be paid on or about January 10, 2007.

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