Pfleiderer Secures Financing Through 2013

Neumarkt, Germany, January 11, 2010-- Pfleiderer AG said it has reached an agreement with approximately 30 banks for long-term corporate financing.

The package of approximately 800 million euros will be available until the end of 2013.

It is divided into syndicated credit of 600 million euros, a promissory note of 155 million euros and bilateral credit agreements of 60 million euros.

The existing financing structure is to be continued with longer maturities and changed conditions. A new feature of the financing is a loan of 140 million euros from Germany’s KfW banking group, granted at arm’s length conditions from the “Germany Fund” and sourced out of the special program entitled “Large Enterprises.”

Pfleiderer said it plans to reduce its net debt by more than 350 million euros in the next four years. One of the options now available is to raise new equity.