Ad hoc disclosure in accordance with section 15 WpHG
Masterflex AG sells majority of its Mobility unit
Gelsenkirchen, 20 April 2011. Masterflex AG today concluded an agreement for the sale of its 51% equity interest in Clean Air Bike GmbH, Berlin, and its 100% share in Velodrive GmbH, Herten. The contract was drawn up with the usual provisos for the relevant transactions. The transfer of the equity interests is expected to take place shortly.
The two companies operate in the bicycle and bicycle components market focussing on e-bikes/pedelecs and were part of the Masterflex Groupfs Mobility unit. Masterflex decided to dispose of this business unit in 2010. As a result, the Mobility unit was already shown as a discontinued business unit in the 2010 annual financial statements. Write-downs were fully taken into account in 2010. The sale will not result in any further burdens for Masterflex AG.
The only Mobility unit activities still remaining within the Masterflex Group relate to fuel cell technology. Masterflex is also planning either to dispose of this segment or to partner it with a strong third party. Following extensive reorganisation, Masterflex itself concentrates solely on its core business of high-tech hoses and connector systems which it has operated globally for many years.
Further information: Masterflex AG, Investor Relations, Willy-Brandt-Allee 300,
D-45891 Gelsenkirchen, Germany, <link ir@masterflex.de>ir@masterflex.de</link>, tel. +49 209 97077 12
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