Pfleiderer AG and Vossloh AG sign Agreement for Pfleiderer track systems

Neumarkt, August 2, 2005 - Pfleiderer AG, Neumarkt/Opf. (ISIN DE0006764749) and Vossloh AG, Werdohl (ISIN DE0007667107) have signed an agreement today, Tuesday, August 2, 2005 for the sale of Pfleiderer track systems to Vossloh AG. The transaction is subject to the authorization of the supervisory boards of both companies and must also be approved by the anti-trust authorities for the relevant markets. The parties have agreed to keep details of the purchase price confidential.

The sale of Pfleiderer track systems marks the end of Pfleiderer AG's strategic realignment of the Pfleiderer Group. Pfleiderer can now concentrate solely on the international expansion of its Business Segment Engineered Wood.

About the PCM RAIL.ONE Group

The PCM RAIL.ONE 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 RAIL.ONE 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, and India. It maintains annual capacities of over 5 million track sleepers and 750,000 linear meters of turnout sleepers.