Press Release Company
06.09.2005|WestLB has sold its GILDEMEISTER Shares

GILDEMEISTER shares now held exclusively in free float ​​​​​​​

Bielefeld, Germany. WestLB AG, with offices in Düsseldorf and Münster (Germany), has sold its shareholdings of slightly over 5% in GILDEMEISTER Aktiengesellschaft. The shares have been placed with German institutional investors. The GILDEMEISTER shares are now held exclusively in free float.

More than two years ago, WestLB announced that it was going to change its investment policy and gradually dispose of its industrial investments. “We knew that for some time already”, said GILDEMEISTER Chairman Dr. Rüdiger Kapitza, pointing out that the sale was no surprise. The price of GILDEMEISTER shares has been rising steadily over the last few weeks. This trend should be reinforced by the EMO, the most important trade fair for machine tools worldwide, to be held 14 – 21 September in Hanover. At the EMO GILDEMEISTER will present 65 innovative exhibits, including 9 world premières.

GILDEMEISTER Aktiengesellschaft
The Executive Board

Disclaimer, Forward-looking statement

Disclaimer, Forward-looking statement

Statements relating to the future:

This press release contains forward-looking statements, which are based on current estimates of the management of future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances, including the assets, liabilities, financial position and profit or loss of GILDEMEISTER, differing materially from or being more negative than those expressly or implicitly assumed or described in these statements. The business activities of GILDEMEISTER are subject to a series of risks and uncertainties, which may result in forward-looking statements, estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.