EANS-Adhoc

Semperit AG Holding / Semperit decides to request international arbitrators to resolve conflicts of opinion with its joint venture partner in Thailand

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Joint Ventures/Cooperation/Collaboration
02.09.2014

Following careful deliberation, the Management Board of Semperit AG
Holding (Semperit) has today decided to commence international
arbitration proceedings against its Thai joint venture partner, the
Sri Trang Agro-Industry Public Co Ltd. Group, as well as against the
joint venture company Siam Sempermed Corporation Ltd.

Today, as a consequence of unsuccessful efforts to achieve a
constructive and contractually compliant behaviour of the joint
venture partner, which satisfies Semperit's requirements in
particular regarding transparency, compliance and corporate
governance, the Management Board of Semperit decided to initiate
these legal proceedings after in-depth consideration of the latest
developments. Furthermore, Semperit is suing regarding determination
of and compensation for damages caused by the detrimental behaviour
of the joint venture partner.

The arbitration proceedings will each be conducted under the Rules of
the International Chamber of Commerce (ICC) before an arbitral
tribunal with seat in Zurich, Switzerland.

About Semperit The publicly listed company Semperit AG Holding is an
internationally-oriented group that develops, produces, and sells in
more than 100 countries highly specialised rubber and plastic
products for the medical and industrial sectors: examination and
surgical gloves, hydraulic and industrial hoses, conveyor belts,
escalator handrails, construction profiles, cable car rings, and
products for railway superstructures. The headquarters of this
long-standing Austrian company, which was founded in 1824, are
located in Vienna, and the global R & D centre is in Wimpassing,
Lower Austria. The Semperit Group employs about 11,200 people
worldwide, including more than 8,000 in Asia and more than 700 in
Austria (Vienna and production site in Wimpassing, Lower Austria).
The Group has 22 manufacturing facilities worldwide and numerous
sales offices in Europe, Asia, and America. In 2013 the group
generated sales of EUR 906 million and an EBITDA of EUR 133 million.

Further inquiry note:
Martina Büchele

Head of Group Communications

Tel.: [phone]

[e-mail]



Stefan Marin

Investor Relations

Tel.: [phone]

[e-mail]



www.semperitgroup.com

end of announcement euro adhoc
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issuer: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ATX Prime, ViDX, Prime Market, ATX Global Players
stockmarkets: official market: Wien
language: English