October 25, 2010

mutares AG sells Ledertech GmbH

mutares AG, Munich, sold its portfolio company Ledertech GmbH by a management buy-in to Mr. Gheoghe Chelu. Ledertech, based in Bopfingen (Germany), is a leading provider of leatherboard material for the global shoe and leather goods industry. In its plant in Bopfingen Ledertech occupies 50 employees.

Mr. Chelu intends to continue and further develop the business of Ledertech with its current portfolio of products and customers.

mutares AG, Munich (www.mutares.de), acquires midsized companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth.

The stocks of mutares AG are being listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).

For further information, we gladly receive your request at:

mutares AG

Susanne Staudt
Investor Relations & Corporate Communications
Tel:  +49 (0)89 9292776-0
Fax: +49 (0)89 9292776-22
info@mutares.de