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09.07.2010

DGAP-Adhoc: Kontron forms EUR 34 million risk provision

Kontron AG / Miscellaneous 09.07.2010 19:51 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- Eching, Munich, July 9, 2010. Kontron AG is forming a EUR 34 million risk provision for outstanding receivables due from customers in Malaysia, Taiwan and Hong Kong. The Executive Board sees itself as forced to take this measure since contractually agreed bank guarantees have not been presented by the agreed deadline of Friday, July 9, 2010. The debtors are customers of Kontron Malaysia who operate in the so-called Electronic Manufacturing Service (EMS) business where Kontron is responsible for project management, development verification, and large-volume contract manufacturing. Kontron Malaysia processed these custom orders through subcontractors. Some of these business relationships have already existed since 2007, and payment obligations have been satisfied over the years. Kontron is now launching civil and criminal law measures against the debtors and the local management since there is a reasonable suspicion of corruption. Initial research indicates that customers, subcontractors and local management may have collaborated fraudulently to Kontron's detriment. Kontron AG's Executive and Supervisory boards have appointed one of the world's leading law firms. The outstanding receivables will be fully written down in Kontron's balance sheet in the second quarter as a precautionary measure. Investor Relations: For further information: Gaby Moldan Dr. Udo Nimsdorf Kontron AG Engel & Zimmermann AG Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation 85386 Eching Schloss Fußberg,Am Schlosspark 15, 82131 Gauting Tel: 0049 8165/77212, Tel: 0049 89-89 35 633, Fax: 0049 8165/77222 Fax: 0049 89-89 39 84 29 Mobil: 0049 160 96 95 12 18 Mobil: 0049 171 55 96 379 Email: Gaby.Moldan@kontron.com Email: info@engel-zimmermann.de 09.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: Kontron AG Oskar-von-Miller-Str. 1 85386 Eching Deutschland Phone: 08165-77-225 Fax: 08165-77-222 E-mail: martin.przybyla@kontron.com Internet: www.kontron.com ISIN: DE0006053952 WKN: 605395 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service =--------------------------------------------------------------------------

Kontron AG / Miscellaneous 09.07.2010 19:51 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- Eching, Munich, July 9, 2010. Kontron AG is forming a EUR 34 million risk provision for outstanding receivables due from customers in Malaysia, Taiwan and Hong Kong. The Executive Board sees itself as forced to take this measure since contractually agreed bank guarantees have not been presented by the agreed deadline of Friday, July 9, 2010. The debtors are customers of Kontron Malaysia who operate in the so-called Electronic Manufacturing Service (EMS) business where Kontron is responsible for project management, development verification, and large-volume contract manufacturing. Kontron Malaysia processed these custom orders through subcontractors. Some of these business relationships have already existed since 2007, and payment obligations have been satisfied over the years. Kontron is now launching civil and criminal law measures against the debtors and the local management since there is a reasonable suspicion of corruption. Initial research indicates that customers, subcontractors and local management may have collaborated fraudulently to Kontron's detriment. Kontron AG's Executive and Supervisory boards have appointed one of the world's leading law firms. The outstanding receivables will be fully written down in Kontron's balance sheet in the second quarter as a precautionary measure. Investor Relations: For further information: Gaby Moldan Dr. Udo Nimsdorf Kontron AG Engel & Zimmermann AG Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation 85386 Eching Schloss Fußberg,Am Schlosspark 15, 82131 Gauting Tel: 0049 8165/77212, Tel: 0049 89-89 35 633, Fax: 0049 8165/77222 Fax: 0049 89-89 39 84 29 Mobil: 0049 160 96 95 12 18 Mobil: 0049 171 55 96 379 Email: Gaby.Moldan@kontron.com Email: info@engel-zimmermann.de 09.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: Kontron AG Oskar-von-Miller-Str. 1 85386 Eching Deutschland Phone: 08165-77-225 Fax: 08165-77-222 E-mail: martin.przybyla@kontron.com Internet: www.kontron.com ISIN: DE0006053952 WKN: 605395 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service =--------------------------------------------------------------------------

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