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Pressemitteilung vom 03/12/2008 09:43


mefro wheels GmbH 03 December 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR

INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE TO DO SO

WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 

3 December 2008 mefro wheels GmbH ("mefro wheels") - Acquisition of shares in Titan Europe plc

Following its acquisition of 20,538,853 ordinary shares in Titan Europe plc ("Titan Europe") representing

a 24.8 per cent. interest, mefro wheels announces that it is not currently considering making an offer

for Titan Europe. For the purposes of Rule 2.8 and other relevant provisions of The City Code on Takeovers

and Mergers ("City Code"), mefro wheels reserves the right to announce an offer or possible offer or

make or participate in an offer or possible offer for Titan Europe and/or take any other action which would

otherwise be restricted under Rule 2.8 of the City Code at any time within the next six months in the event

that: (i) an agreement or recommendation from the Board of Titan Europe is forthcoming; or (ii) there is an

announcement by a third party of a possible offer or a firm intention to make an offer for or a merger with

Titan Europe or Titan Europe announces that it has received an approach in relation to a possible offer from

a third party; or (iii) Titan Europe undertakes or announces an intention to undertake any material recapitalisation

or security issue (where material is defined as 10 per cent. of the equity market capitalisation on the date of

this announcement) or any acquisition, disposal, merger, joint venture, scheme of arrangement or other

transaction involving in any such case a material amount of its business (where "material amount" is as

defined in Note 2 on Rule 21.1 of the City Code); or (iv) Titan Europe announces a whitewash proposal for

the purposes of Rule 9 of the City Code or a reverse takeover; or (v) there is a material change in circumstances.

Background to mefro wheels mefro wheels is a leading European supplier of automotive and commercial

steel wheels with annual sales of over €540 million. Headquartered in Rohrdorf, Germany, mefro wheels

is a family owned, private company operating from five manufacturing sites across Europe. mefro wheels

employs approximately 2,500 employees. mefro wheels' core business in 2007 produced over 23 million

wheels for light vehicles, trucks, truck trailers, buses, utility trailers and caravans. mefro wheels' brands

include Kronprinz, Südrad, mefro Roues France and mefro Räderwerk Ronneburg.

 

Enquiries: Dresdner Kleinwort David Smith Tel:+44 (0)20 7623 8000 Simon Reith Julian Smith (corporate broking)

M:Communications Nick Miles Tel:+44 (0)20 7153 1535 Dresdner Kleinwort Limited ("Dresdner Kleinwort"),

which is authorised and regulated by the Financial Services Authority, is acting exclusively for mefro wheels

and for no-one else in connection with the subject matter of this announcement and will not be responsible

to anyone other than mefro wheels for providing the protections afforded to customers of Dresdner Kleinwort

Limited or for affording advice in relation to the subject matter of this announcement. END This information is

provided by service from the London Stock Exchange END

 

mefro wheels GmbH