Düesseldorf, 12 September, 2012 - At a court-ordered meeting today, a large majority of creditors and shareholders of Pfleiderer AG (ISIN DE0006764749) approved the insolvency plan proposed by the Pfleiderer Board.

The voting process was conducted separately by groups: All groups set up during the process approved the plan either unanimously or by a large majority. The creditors approved the plan with an overall majority of 99.46%. Shareholders approved the plan with 99.19% of the votes.

As previously announced, the insolvency plan envisages significant debt relief for Pfleiderer AG and recapitalisation by means of a capital reduction to zero and a subsequent capital increase. It also involves the spin-off of companies that will no longer be included in the core business of the future Pfleiderer Group and the payment of an insolvency dividend to unsecured non-subordinated creditors. Under the insolvency plan, shareholders and subordinated creditors will not receive any compensation. Court approval of the plan and the conclusion of insolvency proceedings are expected during the next weeks.

Contact:
Analysts/Investors
Lothar Sindel
Vice President Investor Relations, Pfleiderer AG
Tel.: +49 (0) 211 - 929 638-20
Fax: +49 (0) 211 - 929 638-23
E-Mail: lothar.sindel@pfleiderer.com

Media:
Frank Elsner Kommunikation GmbH
Frank Elsner
Tel.: + 49 (0)5404 9192-0
Fax: + 49 (0)5404 9192-29
E-Mail: office@elsner-kommunikation.de

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