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EANS-Adhoc: Semperit AG Holding
Semperit and Sri Trang sign an agreement on the demerger of the joint venture Siam Sempermed // Significant one-time accounting effects in 2016/2017

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is solely responsible for the content of this announcement.
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Joint Ventures/Cooperation/Collaboration
18.01.2017


* Semperit will take over the joint Sempermed distribution company in the USA as
well as production companies of the Industrial Sector in China
* Sri Trang will take over the joint glove production in Thailand 
* The Semperflex joint venture in Thailand will be continued
* Semperit will receive a compensation payment amounting to USD 167.5 million
(approx. EUR 157 million) before taxes 
* Together with the demerger, there will be a settlement of the arbitration
proceedings and the legal disputes by mutual agreement 
* There will be negative special effects of approx. EUR 30 to 40 million in the
consolidated financial statement of 2016
* There will be positive special effects of approx. EUR 100 to 115 million at
closing in 2017

The Austrian Semperit Group ("Semperit") and the Thai Sri Trang-Agro Industry
Public Co Ltd Group ("Sri Trang") have agreed on the termination of almost all
joint business activities. An appropriate agreement was signed today. It
provides for the takeover of the joint distribution company in the USA
(Sempermed USA) by Semperit. In addition, Semperit will take over the previous
Sempermed joint venture companies in Singapore, China and Brazil as well as the
majority interest in the Malaysian Formtech (producer of ceramic moulds for the
glove production). The Sempermed brands will continue to be owned solely by
Semperit.

Sri Trang will take over the glove production of Siam Sempermed Corporation Ltd
(SSC) in Thailand, which has been operated jointly to date.

In the Industrial Sector, Semperit will fully take over Semperflex Shanghai with
a hydraulic hose production site in China. With regard to the Semperform
business activities in China, Semperit will increase its share from 90% to 100%.
In Thailand, the joint venture Semperflex Asia (SAC) will be continued. Here,
Semperit on the one hand and Sri Trang together with further partners on the
other hand each hold an unchanged share of 50% of the production for hydraulic
hoses in Hatyai/Thailand. Semperit will receive an option to take over the
remaining 50% of SAC for USD 60 million (approx. EUR 57 million) from the joint
venture partners. 

Within the framework of the termination of the joint ventures, Semperit will
receive a one-time compensation payment amounting to USD 167.5 million (approx.
EUR 157 million) before taxes. Immediately prior to closing, SSC will declare a
dividend equivalent to around USD 118.2 million and SAC a dividend equivalent to
USD 30 million. From SSC's dividend Semperit will receive around USD 51 million
(approx. EUR 48 million) before taxes in cash, the rest of Semperit's share of
SSC's dividend will be set-off as part of the overall transaction.

Semperit will unabatedly continue its growth path in both the Industrial and the
Medical Sectors.

The transaction is subject to the approval of the Supervisory Board of Semperit,
a corresponding resolution passed at the Extraordinary General Meeting of Sri
Trang as well as closing conditions. The closing of the transaction is expected
for March 2017.

In case of a successful closing, all pending arbitration and civil proceedings
between the Semperit Group on one hand and the Sri Trang Group and SSC on the
other hand will be settled by mutual consent. Common break-up fees were agreed
in case of failure.

From today's point of view, a successful closing of the transaction would lead
to positive special effects in Semperit's Group results amounting to around EUR
100 to 115 million in the financial year 2017. This is up against negative
special effects in the Group's result of 2016 amounting to around EUR 30 to 40
million mainly due to non-cash effective value adjustments and deferred taxes.
These adjustments will be necessary relating to the planned termination of the
joint venture combined with the development in the Sempermed segment, which is
weaker than expected. Due to these expected special effects, the existing
dividend policy of Semperit has to be evaluated for the years 2016 and 2017.

Note: The transaction will principally be settled in US Dollars so that the
mentioned Euro amounts may still be subject to exchange rate fluctuations.

This document has been made up in German which is the official version. 
In case of discrepancies with the English translation, the German version shall
prevail.


About Semperit
The publicly listed company Semperit AG Holding is an internationally-oriented
group that develops, produces, and sells highly specialised rubber and plastic
products in more than 100 countries 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 traditional Austrian company,
which was founded in 1824, are located in Vienna. The Semperit Group employs
more than 7,000 people worldwide, including close to 4,100 in Asia and more than
800 in Austria (Vienna and production site in Wimpassing, Lower Austria). The
group has 22 manufacturing facilities worldwide and numerous sales offices in
Europe, Asia, America and Australia. In 2015, the group generated sales of EUR
915 million and EBITDA of EUR 96 million.


Further inquiry note:
Martina Büchele 		
Group Communications Manager
Tel.: +43 676 8715 8621		 
martina.buechele@semperitgroup.com
www.semperitgroup.com

Stefan Marin	
Head of Investor Relations	
Tel.: +43 676 8715 8210 
stefan.marin@semperitgroup.com

end of announcement                               euro adhoc 
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issuer:      Semperit AG Holding
             Modecenterstrasse 22
             A-1030 Wien
phone:       +43 1 79 777-210
FAX:         +43 1 79 777-602
WWW:      www.semperitgroup.com
sector:      Synthetics & Plastics
ISIN:        AT0000785555
indexes:     WBI, ATX Prime, ViDX, Prime Market, ATX GP
stockmarkets: official market: Wien 
language:   English

Original content of: Semperit AG Holding, transmitted by news aktuell

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