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Semperit AG Holding: Increase in stake in Latexx Partners Berhad, Malaysia, achieved

(PresseBox) (Vienna / Kuala Lumpur, ) Semperit AG Holding ("Semperit") (Bloomberg ticker: SEM:AV, Reuters: SMPV.VI) announces that Semperit has completed the acquisition of all shares and warrants of Mr. Low Bok Tek and certain shareholders. Semperit has now secured a stake in Latexx Partners Berhad ("Latexx Partners") of more than 83% on a diluted basis of 274.7 million shares (post potential exercise of all warrants) and more than 80% based on an undiluted basis of 222.7 million shares.

Semperit intends to start the necessary steps for delisting as soon as practicable after the end of the offer period. The current offer for all outstanding shares and warrants of Latexx Partners is being made via Semperit Investments Asia Pte Ltd, a wholly-owned subsidiary of Semperit. The offer period will end in two days on November 23, 2012.

"We are extremely pleased that Latexx shareholders have accepted our offer in such great number and within a short period of time", says Thomas Fahnemann, CEO of Semperit Group. "This confirms the compelling value proposition we made a month ago by scaling up our expertise in quality, sales and distribution with one of the major production hubs in the global glove industry. This strengthens our confidence that we will not only meet our medium-term target for revenue growth and EBIT margin but enter a new league of top players in the industry."