In connection with the integration of Müller Weingarten into Schuler Group, the Board of Management has taken further steps to optimize the Group’s organizational structure. They can be divided into three separate measures:

Schuler will sell the Die Casting Technology division of Müller Weingarten, which no longer belongs to the Group’s core business, to Oskar Frech GmbH + Co. KG, Schorndorf. The business will be transferred in accordance with Sec. 613a of the German Civil Code.
Schuler will also sell the real estate in Plüderhausen to Oskar Frech GmbH + Co. KG, Schorndorf.
Schuler Hydrap GmbH & Co. KG will be relocated from Plüderhausen to Esslingen. No redundancies will result from these measures.

Jürgen Tonn, CEO of Schuler AG states: “We are selling the die casting division as it no longer belongs to the core business activities of the new joint company. At the same time, we are also reorganizing our subsidiary Schuler Hydrap.”
Founded in 1974, Schuler Hydrap has been a member of the Schuler Group for ten years and will remain an important component of the company.

Dr.-Ing. Ioannis Ioannidis, Speaker of the Management Board of Oskar Frech GmbH + Co. KG: “This step will help strengthen Frech’s standing on the global market and is in line with the international growth strategy of our family-held company. We are particularly pleased that the acquisition also means the addition of an experienced team of highly skilled employees.”

The first die casting machine was built in Esslingen in 1923. Müller Weingarten’s Die Casting Technology division is still based in Esslingen today. The product range comprises cold chamber die casting machines in the closing force range between 500 and 5,000 tonnes for the casting of smaller parts for suppliers, as well as engine and transmission blocks, chassis systems and bodywork parts cast in aluminum or magnesium alloys.

In March 2007, Schuler AG announced its intention to acquire Müller Weingarten AG and create a new joint company. In the meantime, Schuler now owns 100 percent of shares in Müller Weingarten. Both companies are working hard to shape a new group with a significantly enhanced share of the global market. The integration process is due to be completed in the first quarter of 2008.

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Tobias Apfel
Head of Corporate Communications & Investor Relations

Tel.: + 49 (0) 71 61 66-829
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Press release - 08.11.2007