Pfleiderer AG: Pfleiderer Submits Takeover Bid for Pergo

The Offer represents a premium of 13.6 per cent compared to theclosing price of the Pergo share on 11 January 2007 of SEK 44.9 and apremium of 17.2 per cent compared to the volume weighted average priceof SEK 43.5 during the last 20 trading days prior to the suspension oftrading of the Pergo share on 12 January 2007 which preceded theannouncement of the Offer.

The board of directors of Pergo has unanimously recommended Pergoshareholders' to accept the Offer. In addition, Pfleiderer Sweden ABhas received irrevocable undertakings to accept the Offer from majorshareholders of Pergo together representing 41.9 % of the shares inPergo.

The Offer contains the usual conditions and among them thecondition that the Offer should be accepted by at least 90 % of thetotal number of shares in Pergo as well as the receipt of allnecessary anti-trust approvals. Pfleiderer Sweden AB may waiveconditions partially or entirely. The acceptance period for the Offeris expected to begin during the week commencing 29 January 2007 andrun for about four weeks. Subject to the approval of the anti-trustauthorities the settlement of the Offer is expected to begin about aweek after the end of the acceptance period.

The Pfleiderer cash offer is fully financed. Pfleiderer AG willissue today a press release in compliance with Swedish and otherapplicable laws and regulations. This press release will be publiclyavailable in the internet under www.pfleiderer.com. The offer documentwill be made available in the internet at a later point in time.

This announcement does not constitute an invitation to purchaseany securities pursuant to the Offer or otherwise. The Offer will bemade solely by the offer documents, which will contain the full termsand conditions of the Offer, including details of how the Offer may beaccepted.
Pfleiderer AG Management board

Contact:

PFLEIDERER AG
Gala Conrad
Leiterin Unternehmenskommunikation/ Investor Relations
Tel.: + 49 (0) 91 81 / 28 - 8491
Fax: + 49 (0) 91 81 / 28 - 606
E-Mail: gala.conrad@pfleiderer.com

Richard Berg
Telefon.: + 49 (0)9181 / 28 - 8044
Fax: + 49 (0)9181 / 28 - 606
E-Mail: richard.berg@pfleiderer.com

Language: English
Issuer: Pfleiderer AG
Ingolstadter Strasse 51 93218
Neumarkt Deutschland
Phone: +49 (0)9181 28 - 8491
Fax: +49 (0)9181 28 - 606
E-mail: gala.conrad@pfleiderer.com
WWW: www.pfleiderer.com
ISIN: DE0006764749
WKN: 676474
Indices:
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