Pfleiderer track systems further expands its international business

Neumarkt, July 13, 2004 - During the last few weeks, Pfleiderer track systems, an affiliate of SDAX-listed Pfleiderer AG (ISIN DE0006764749) specializing in innovative rail track systems, has won two more major orders, thereby further extending its international business.

On Track for the Growth Markets of Eastern Europe and Asia Pfleiderer track systems further expands its international business

* Order to supply more than 500,000 sleepers to Turkey.

* Joint venture to participate in construction of new rail links in India

* Second Competence Center for "German High-Speed Initiative" in China.

The latest project success is a contract to supply more than 500,000 concrete sleepers to Turkey. The order is worth a good 20 million euros. The sleepers will be used in the modernization of the Ankara- Eskischir rail link, the first phase of the "Ankara-Istanbul Railway Rehabilitation Project" in which the Turkish Government is driving forward the expansion of its local rail network.

About the PCM RAILONE Group

The PCM RAILONE Group has been manufacturing concrete sleepers and track systems for urban transit and long-distance rail transportation for over 60 years. The technology leader also offers its expertise in the fields of engineering and plant construction. Its customer-driven innovations fulfill the highest quality standards and are installed around the world

The PCM RAILONE Group is comprised of several companies and eleven production facilities with a presence in Germany, Romania, Saudi Arabia, Spain, South Korea, Hungary, Turkey, the United States, Canada and lndia. lt maintains annual capacities of over 5 million track sleepers and 840,000 linear meters of turnout sleepers. RAILONE produces optimized products and custom solutions with over 550 employees around the world.