Feintool shareholders satisfied

Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- At the Annual General Meeting, Fritz F. Boesch commenced his final term of office as Chairman of Feintool's Board of Directors. The ordinary Annual General Meeting of Feintool International Holding took place this afternoon at the Hotel Weisses Kreuz in Lyss. Chairman of the Board of Directors Fritz Boesch looked back on a generally successful business year. The approximately 350 shareholders present (out of a total of 1,987) approved the 2006/07 financial statements and the payment of a dividend of CHF 7.50 per share. Kurt E. Stirnemann was elected to the Board of Directors for a term of three years. Feintool founder Fritz F. Boesch announced that he will be stepping down as Chairman of the Board with effect from the January 2009 AGM. No surprises in statutory business After approving the Feintool Group's consolidated financial statements and the financial statements of Feintool International Holding, the meeting decided on the appropriation of the holding company's disposable profit. The proposal that a dividend of CHF 7.50 per share be distributed was approved. Payment is due on 25 January 2008. Shareholders unanimously granted the Board discharge. Following the expiry of his term of office, Dr. iur. Thomas Bähler, Berne, stepped down as a member of the Board to make way for a representative from industry. In future, he will focus on advising the Feintool Group on legal matters. Dr. sc. tech. Kurt E. Stirnemann, Zurich, was elected to the Board of Directors for a term of three years. Kurt Stirnemann is President and CEO of Georg Fischer Ltd, Schaffhausen. Ernst & Young were reappointed as Group Auditors and Statutory Auditors for a further year. Appointment of new Chairman in preparation Feintool founder Fritz F. Boesch announced that he will be stepping down as Chairman of the Board with effect from the January 2009 AGM. This would coincide both with his 75th birthday and with the company's golden jubilee. The Board of Directors will choose a successor during the course of the year and announce the name in due course. A successful financial year overall The Feintool Group can look back on a successful financial year in overall terms. Sales rose by a further 3.9% to CHF 520.4 million and - thanks to the two segments Fineblanking/Forming and Automation - order books had become encouragingly full. The Plastic/Metal Components segment continued to deliver unsatisfactory results. However, remedial measures (including the sale of the factory in Thailand) were initiated. In addition, further alliances are being examined. EBIT before impairment expense came to CHF 28.3 million (as against CHF 28.5 million a year earlier). Owing to impairment charges and higher taxes, net profit fell 23.7% to CHF 11.9 million (previous year: CHF 15.6 million). Order intake grew 14.9% to CHF 586.6 million, while orders on hand were up 39.0% at CHF 237.7 million. The consolidated cash flow statement shows cash flows from operating activities of CHF 36.6 million (previous year: CHF 38.2 million). Due to a total investment of CHF 30.7 million in property, plant and equipment (previous year: CHF 21.7 million), Feintool disclosed a lower free cash flow than in the previous year (down from CHF 14.4 million to CHF 8.1 million). Headcount rose by 3.4% to 1,801 (previous year: 1,742); as an investment in the future, 107 apprentices are being trained at Feintool (previous year: 91). Stronger balance sheet structure thanks to improved net debt situation and higher equity At CHF 460.4 million, total assets were 7.9% higher than the figure for the previous year (CHF 426.7 million). Net debt improved by CHF 50.0 million and amounted to 46.0% of shareholders' equity (previous year: 98.5%). Shareholders' equity increased by CHF 51.2 million to CHF 191.3 million, bringing the equity ratio up to 41.5% (previous year: 32.8%). As a result, Feintool now has a more solid balance sheet structure. Prospects remain bright With orders in hand exceeding the previous year's high figure once again, and due also to greater internal efficiency, Feintool is well positioned at the start of the 2007-08 financial year. Initial guidance on the level of business in the first quarter will be issued on 5 February 2008. Feintool is a leading technology and systems provider in fineblanking/forming and assembly automation. It is also a supplier of metal and plastic components. Feintool operates globally at the company's own facilities in Switzerland (head office in Lyss), Germany, France, Italy, Great Britain, the United States, Japan and China, where around 1900 employees are committed to customer satisfaction. Further information after the AGM will be obtainable as of about 6 p.m. on +41 (0)79 204 41 13 - Urs Feitknecht, Head of Corporate Communications Feintool International Holding Industriering 8, CH-3250 Lyss Phone +41 (0)32 387 51 11 Fax +41 (0)32 387 57 81 feintool-fim@feintool.com www.feintool.com Corporate Communications Urs Feitknecht Phone +41 (0)32 387 51 63 Mobile 079 204 41 13 Fax +41 (0)32 387 54 16 urs.feitknecht@feintool.com The media release can be downloaded from the following link: --- End of Message --- Feintool International Holding Industriering 8 Lyss Schweiz WKN: 905428; ISIN: CH0009320091 ; Index: SPI, SPIEX, SSCI; Listed: Main Market in SWX Swiss Exchange;