Press release

St. Marien / June 21, 2012 - HTI High Tech Industries AG (HTI) rejects all rumors, spread by various media, that a breakup of HTI is under preparation or imminent.

The media reports of the past days extremely unsettled the partners of HTI High Tech Industries AG. The high bank debts of HTI were caused by the crisis in the years 2008/09, were appropriately published and since then reduced. Since the financing banks still support HTI, the existence of the Group is safeguarded. That is why we ask all customers, suppliers and partners to keep putting their trust in us, in order to support the further development of HTI.

The Group appreciates the unanimous resolution of the Annual General Meeting, held on June 19, 2012, which voted Mr. Christian Loimayr as representative of RLB Steiermark and Mr. Kurt Helletzgruber to the Supervisory Board of HTI. More than that, the Annual General Meeting granted discharge to all Members of the Supervisory- and Management Board. All remaining items on the agenda were unanimously agreed upon.

Further HTI wants to state, that in regards to the Linz-based subsidiary Hitzinger no loss of expertise happened. The company distinguishes itself through its long-existent and stable management team and produces top quality products for the global market. The shedding of staff of Hitzinger is a result of successfully implemented efficiency increase measures of the past few months. The decline in revenues and result of the first quarter 2012 is connected to shipment dates of projects. Presently, the order situation is significantly above last year and above schedule, meaning that Hitzinger is utilized until the end of the year 2012, ending the year with the appropriate profit. For 2013 already today various large projects are on order. The intended relocation of Hitzinger is still on the agenda, however, due to project reasons, it was postponed to the year 2013.

There is no connection between the situation of Technoplast and Gruber & Kaja. Gruber & Kaja is active in totally different industries and markets. Even though the aluminum die casting company was confronted with seasonal declines in production quantities in the fourth quarter 2011 as well as at the beginning of the year 2012, the order situation stabilized at the end of the first quarter 2012. Due to the excellent technological position of Gruber & Kaja the company managed to gain sophisticated new orders and will end the year with a profit.

In total, the HTI Group commits to continue the implementation of optimization measures and to optimize the market chances as well as the competitiveness of the operative subsidiaries in the course of operative and strategic cooperation. Considering the current market situations, HTI for the whole year 2012 anticipates revenues on at least last year's level and a positive result of around one million.

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