Pfleiderer AG and Vossloh AG sign Agreement for Pfleiderer track systems

Neumarkt, August 2, 2005 - Pfleiderer AG, Neumarkt/Opf. (ISIN DE0006764749) and Vossloh AG, Werdohl (ISIN DE0007667107) have signed an agreement today, Tuesday, August 2, 2005 for the sale of Pfleiderer track systems to Vossloh AG. The transaction is subject to the authorization of the supervisory boards of both companies and must also be approved by the anti-trust authorities for the relevant markets. The parties have agreed to keep details of the purchase price confidential.

The sale of Pfleiderer track systems marks the end of Pfleiderer AG's strategic realignment of the Pfleiderer Group. Pfleiderer can now concentrate solely on the international expansion of its Business Segment Engineered Wood.

For further information:

Pfleiderer AG, Neumarkt
Corporate Communication
Ulrich Körner
Tel. + 49 (0) 91 81 / 28 - 84 91
Fax + 49 (0) 91 81 / 28 - 606
E-mail: ulrich.koerner(at)pfleiderer.com