ATU Auto-Teile Unger - Notice

RNS Number:1452Q
ATU Auto-Teile Unger InvestmentGMBH
14 March 2008

Release

Update to all holders of the Floating Rate Notes 2014 issued by A.T.U
Auto-Teile-Unger Investment GmbH & Co. KG

Weiden, 13 March 2008. On February 22, 2008 A.T.U updated its High Yield Bond
Holders regarding the latest developments relating to the A.T.U Group. The
following statement provides a further update:

• On 12 March 2008, A.T.U Auto-Teile-Unger Handels GmbH & Co. KG has
received an initial waiver from its Lenders regarding the breach of the
leverage covenant as of 31 December 2007 (i.e. net debt to EBITDA test).
This breach had no consequences under the Bond Indenture.

• Based on the foregoing, A.T.U again has full access to its Revolving
Credit Facility.

• A.T.U expects to close the financial restructuring process around the end
of March, including a covenant reset under a Definitive Waiver and Amendment
request which is under discussion with Lenders, and subject to agreement of
Lenders to that request, an injection of € 140 million by way of equity.

This release and may contain predictions concerning the future. Such statements
are based on certain assumptions made by the Management and are subject to a
number of factors and uncertainties, so that the actual future results may vary
considerably from the forecasts made. For example, these factors and
uncertainties may relate to the economic and political developments taking place
in Germany and internationally, the prevailing market conditions, the legal
framework pertaining to the automotive after sales market, the fierce
competition in our markets, the success of our expansion strategy, the
successful integration of any potential acquisitions within the group and our
ability to service our debts.

Many of the factors and uncertainties are beyond our control. We accept no
responsibility for correcting or updating any predictive statements concerning
the future at a later stage.

The information we supply is valid on its date of publication. We take no
responsibility for supplementing, amending, correcting or updating such
information in the event of a subsequent change in our assumptions or
expectations.

The statements shall not be deemed to enshrine any offer to sell securities or a
solicitation of such.

Contact:

A.T.U Auto-Teile-Unger Investment GmbH & Co. KG

- Finance and Investor Relations -

Dr.-Kilian-Str. 11

D- 92637 Weiden i.d.Opf.

Phone: +49-961-306-5644

Fax: +49-961-306-934 5644

E-mail: ir@de.atu.eu

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

This information is provided by RNS
The company news service from the London Stock Exchange
END

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