Pfleiderer Management To Buy More Company Stock

Neumarkt, Germany, Dec. 23, 2008--Pfleiderer AG managers will significantly increase the number of shares they personally hold in the company, the company said.

For this purpose, management has specially founded a limited partnership as an investment instrument, which will acquire and hold in Pfleiderer AG up to a total volume of 5.2 million euros, equivalent to approximately 1.6 percent of the company. The shares will be purchased either on or off the stock market.

One Equity Partners, which currently holds an equity interest of approximately 26.9% in Pfleiderer AG through its subsidiary Wood Engineering Holding B.V., will fund the investment vehicle with a loan of approximately 3.7 million euros.

The bylaws of the limited partnership call for a holding period of four years.