28.06.2004

GILDEMEISTER decides to issue corporate bond

Bielefeld. The Executive Board of GILDEMEISTER Aktiengesellschaft has decided to issue a corporate bond with a volume of approx. Euro 175 million and an expected maturity of seven years. The roadshow to approach international investors will start in the next few days. The proceeds shall be used to refinance the majority of the company's short term financing.

After its successful capital increase, GILDEMEISTER seeks to further optimize its financing structure by issuing a corporate bond. Ratings of the bond are being prepared by Moody's and Standard & Poor's. In addition, the company aims to prolong existing debt into a three year syndicated loan of Euro 140 million. Both measures will strengthen its financial position, increase its financial flexibility and optimize its financial structure.

GILDEMEISTER Aktiengesellschaft
The Executive Board

Information and explanation from the issuer for this ad-hoc announcement:

The information contained herein is not for publication or distribution in the United States of America. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold in the United States absent registration under that Securities Act or an available exemption from it. Any offering of securities to be made in the United States will be made by means of an offering circular that may be obtained from the issuer and will contain detailed information about the company and management, as well as financial statements.

These materials do not contain or constitute an offer of securities for sale in the United States.

These materials do not constitute an offer for the sale of securities of GILDEMEISTER Aktiengesellschaft and are not a replacement for the sales prospectus. Any investment decision with respect to any securities of GILDEMEISTER Aktiengesellschaft should be made solely on the basis of the sales prospectus, which will be available free of charge at upon further notice.

This document is for distribution in the U.K. only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (e) of the Order (all such persons being together referred to as "relevant persons"). This document is directed only at relevant persons. Other persons should not act or rely on this document or any of its contents. This document is confidential and is being supplied to you solely for your information and may not be reproduced, redistributed or passed on to any other person or published, in whole or in part, for any other purpose.

 

Information and explanation from the issuer for this ad-hoc announcement:

The information contained herein is not for publication or distribution in the United States of America. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold in the United States absent registration under that Securities Act or an available exemption from it. Any offering of securities to be made in the United States will be made by means of an offering circular that may be obtained from the issuer and will contain detailed information about the company and management, as well as financial statements.

These materials do not contain or constitute an offer of securities for sale in the United States.

This document is for distribution in the U.K. only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (e) of the Order (all such persons being together referred to as "relevant persons"). This document is directed only at relevant persons. Other persons should not act or rely on this document or any of its contents. This document is confidential and is being supplied to you solely for your information and may not be reproduced, redistributed or passed on to any other person or published, in whole or in part, for any other purpose

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.

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