New legal structure of the company: KLEMM Bohrtechnik GmbH

25.09.07

We would like to inform you that with effect from the 21.09.2007 the business operations of  KLEMM Bohrtechnik as a division of the BAUER Maschinen GmbH will be restructured out of the BAUER Maschinen GmbH onto the subsidiary company KLEMM Bohrtechnik GmbH as the absorbing company and we will operate forthwith in the form of an independent company within the BAUER company group.

KLEMM Bohrtechnik has developed very positively over the last years and the integration as a division of the BAUER company group was achieved quickly. For us to maintain this growth in the long term it is necessary to develop the business structures as well as the already undertaken investments. This is the reason why we are undertaking the restructuring of KLEMM Bohrtechnik GmbH into an independent company as another step in the direction of market leadership.

We would like to point out that from the 21.09.2007 all rights and responsibilities which derive from contracts and any other legal relationships between KLEMM Bohrtechnik Zweigniederlassung der BAUER Maschinen GmbH and your company will be transferred to KLEMM Bohrtechnik GmbH.

This means that all deliverables and performances resulting from contracts made between your company and KLEMM Bohrtechnik Zweigniederlassung der BAUER Maschinen GmbH to be effected after the 21.09.2007 will be carried out by KLEMM Bohrtechnik GmbH. The completion of all commitments between your company will be in no way affected through the formal transition onto another independent legal entity - namely KLEMM Bohrtechnik GmbH - the business operations of the former division will be in no way affected.

We thank you for the trust placed in us and are looking forward to future business with you.