HANSEN - Safety and Power
Hansen AG

23.11.2007 | Corporate News - The Management Board Transfers Majority Share to Kopex S.A.

+++ The Management Board Transfers Majority Share to Kopex S.A.
+++ Take-Over Offer of EUR 17.50 Extended to all Minority Shareholders
+++ 2007 Earnings Forecast Confirmed

Munich, 11/23/2007: The sole member of the Management Board and previous majority shareholder of Hansen Beteiligungs GmbH, Salzburg, Christian Dreyer, has transferred his 68% share - as agreed to in the contract dated 05/10/2007 - to Kopex S.A. In doing so he did not make use of his contractual right to void the contract. Christian Dreyer will continue to manage the operations of Hansen Sicherheitstechnik AG in his capacity as CEO. His management contract expires on August 15, 2010. The transaction was accompanied by GCI Management, Munich, who had already advised Hansen Sicherheitstechnik AG during its IPO.

The voluntary take-over bid of EUR 17.50 per share that has already been made public is being extended to all minority shareholders of Hansen Sicherheitstechnik AG. It was originally only provided for those shareholders who could prove that they owned the shares as of 05/10/2007. The voluntary take-over offer is guaranteed by Deutsche Bank Polska S.A., Warsaw, and processed by Deutsche Bank AG, Frankfurt, and can be exercised during two time periods: from 12/31/2007 - 01/31/2008 or from 06/30/2008 - 07/31/2008. Details will be made public in a timely manner in the electronic Federal Gazette (Bundesanzeiger) as well as through the bank maintaining the depot.

The Management Board confirms the earnings forecast for the 2007 financial year of at least EUR 5.0m (2005: 4.8m, 2006: 1.9m). The sales forecast, on the other hand, is being lowered somewhat, to EUR 40m (2005: 43.9m, 2006: 41.5m).

Contact with the company:
Hansen Sicherheitstechnik AG
Brienner Str. 10
80333 Munich

Contact with the agency:
GFEI Gesellschaft für Effekteninformation
Hamburger Allee 26-28
60486 Frankfurt am Main
T. +49 (0) 69 743 037 00
F. +49 (0) 69 743 037 22

About Hansen Sicherheitstechnik:
The roughly 360 employees of Hansen Group develop and manufacture explosion-proof electrical and monitor systems for the underground coal mining industry and in doing so also provide engineering, service and repair services. Hansen Sicherheitstechnik AG is the holding company of the Hansen Group. Production companies are currently located in Poland, the Czech Republic and in South Africa, sales and service offices are in Germany, Russia and China. Hansen Sicherheitstechnik is listed in the Open Market of the Frankfurt Stock Exchange.

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HANSEN - Safety and Power