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After capital increase: Moody´s and S&P with positive out-look for Dürr rating

06/19/2008

Stuttgart, June 19, 2008 – The rating agencies Standard & Poor´s (S&P) and Moody´s have reacted positively to Dürr AG’s capital increase on June 17, 2008. In light of the proceeds of € 44 million and the continued good operative performance S&P has placed the Dürr rating on “credit watch with positive implications”. This means that S&P will probably decide within 90 days on a rating upgrade to “B+”; S&P’s current rating for Dürr is “B“. In March S&P had already raised its rating outlook for Dürr from “stable” to “positive”. Moody´s has now also changed the outlook from “stable” to “positive” and held out the prospect of an upgrade of the rating from “B2” to “B1” in relative short order.
Dürr’s CFO Ralph Heuwing: “We will continue our earnings and cash flow-oriented course and further optimize the capital and liabilities side of the balance sheet. This will create the basis for an early upgrade of both ratings.”

The Dürr Group is a supplier of plant and equipment that commands leading global market positions in its areas of activity. Business with the automotive industry accounts for about 85% of its sales. Dürr also supplies innovative manufacturing and environmental technologies for the aircraft, mechanical engineering, chemical and pharmaceutical industries. The Dürr Group operates in the market through two divisions. The Paint and Assembly Systems division supplies production and painting technologies, mainly for automotive body & chassis manufacturing. The equipment and systems supplied by the Measuring and Process Systems division are used, among other things, for engine and transmission production and for final vehicle assembly. Dürr is present in 47 locations in 21 countries around the world.