2006

The Zumtobel Group based in Dornbirn, Vorarlberg is one of the few global players in the lighting industry. The Group currently has more than 7,000 employees and generated total sales of around EUR 1.1 billion in financial year 2004/05.

The company took the decisive step yesterday of listing on the stock exchange. The IPO included a role for Investkredit as selling agent in the syndicate for the new issue. Austrian private and institutional investors are invited to subscribe for Zumtobel shares at the Volksbank Group.

The IPO comprises a public offering to private and institutional investors in Austria and private placements with qualified institutional investors in Europe and the USA under Rule 144A. The company is applying for inclusion in the ATX before year-end. The price range for the shares ranges between EUR 19 and EUR 22. Investors have from 27 April until probably 10 May to subscribe for shares within this price range. The first quoted price is due to appear on 12 May. Zumtobel AG’s IPO involves the offer to investors of up to 17,700,638 old shares from existing shareholders and up to 7,895,000 new shares under a capital increase. Taking the price at the middle of the price range, this is equivalent to a total placement of up to around EUR 525 m excluding an option for an additional allocation. This makes Zumtobel AG’s IPO the biggest one for an Austrian industrial company in the last six years.

Investkredit Bank AG’s role in the Zumtobel transaction underscores its intermediary function between companies and the capital markets.

Please direct your questions to:
Robert Ehrenhöfer, Tel. +43/1/53 1 35-353  
Manuela Eder, Tel. +43/1/53 1 35-271