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manroland (Thailand) Co.

,Ltd

er29th2011 1 Novembe To:Allourvaluedcustomers DearSirs s/Madam, ayNovember25th,wereceivedth heinformationaboutm manrolandG Germanyfilingfor LastFrida insolvenc cy.Pleasef findthepre essreleasea attached. manrolan ndGermany yhasfiledf forinsolven ncywiththe etargettocontinuethe ebusinessinthe d.Isnotaff printingi industry.M ManrolandS SouthEastA Asia,manro oland(Thaila and)Co.,Ltd fectedby theparen ntcompany yfilingforin nsolvencya andisacont tinuingbusiness. Westillr runourbusinessasusu ualforsupp plyingsparepartsands servicessup pporttoour r customers. Assoona aswehavemoreinformation,we ewillinform myou. Ifyouhaveanyques stions,pleasedonoth hesitatetog getintouchwithus. ationwillbe esolvedsoo onestandw wethankyou uinadvanc ceforall Wetrustthatourdifficultsitua understa andingands support. Yoursfaithfully JobvanH Hasselt CEO manrolan ndSouthEa astAsia

encl.
manroland (Thailand) Co., L Ltd. ing 14th Floor, East Water Buildi 1 Viphavad Rangsit Soi5 dee Viphavadee Rangsit Road e Jomphol Ja atujak Bangkok 10 0900 Thailand Telefon +66 2 272 0575 6 Telefax +66 2 272 0574 6 www.manro oland.co.th

106/2011| 2011-11-25 | 1/1

manroland Files Petition to Initiate Insolvency Proceedings


manroland AG is a leading printing systems manufacturer and the worlds market leader in web offset. Webfed and sheetfed offset presses provide solutions for publishing, commercial, and packaging printing. manroland AG Corporate Marketing & Communications 86219 Augsburg Thomas Hauser Phone: +49 (0) 821 424-26 82 Fax: +49 (0) 821 424-12 00 E-mail: thomas.hauser@manroland.com Eva Doppler Phone: +49 (0) 821 424-38 95 Fax: +49 (0) 821 424-12 00 E-mail: eva.doppler@manroland.com

Key units to be restructured as debtor in possession Lawyer Dr Frank Kebekus appointed as general representative for the restructuring Financial Auditor and Tax Consultant Werner Schneider appointed as provisional insolvency administrator

manroland AG today filed a petition to initiate insolvency proceedings with the jurisdictional district court at Augsburg, after the negotiations with a potential investor have failed on the home stretch. At the same time the company has filed a request for self-administration in order to finalize the ongoing restructuring efforts. The provisional insolvency administrator Werner Schneider will in due course examine the situation at manroland, in order to obtain a comprehensive picture of the situation. The executive board of manroland aims to rescue key units within the framework of ongoing restructuring efforts as debtor in possession. The initiated insolvency procedure affords the opportunity to step up the restructuring process and guide the company through this difficult phase. Despite all the disappointment over the path that now has to be taken, the insolvency procedure as debtor in possession offers plenty of prospects because the company has compelling products, the necessary know-how, and an excellent team. With the planned entry of a potential investor and on a basis of a financing program coordinated with the previous shareholders and banks the companys equity base would have been strengthened. The decision to file for insolvency was triggered by another dramatic downturn in incoming orders which can be noticed since mid-July and has recently accelerated. Although there is still great interest in manrolands printing systems, customers are finding it far more difficult to obtain financing in the aftermath of the financial crisis. At the same time, intensive competition in the face of declining orders has led to even greater pressure on prices and therefore to declining contribution margins. The market size is now only at 50 percent of the level before the beginning of the crisis in 2008. After showing initial signs of recovery from the beginning of the fiscal year and well into the summer, the market took another downturn, particularly in the USA and Western Europe, and in the segment for sheet-fed presses. The same goes for activities in China, although business there remains brisk. This downturn had an impact on the entire industry, the force of which was not foreseeable. The general representative and the provisional insolvency administrator are now going to promptly review the possibilities for a restructuring. Currently, the business activities of manroland continue to run as normal. manroland employs 6,500 people, thereof 5,000 in Germany.

Photos can be downloaded from www.manroland.com in the category Press.


This press release contains projections for the future based on the well-founded assumptions and prognoses of the management of manroland AG. Though management believes these assumptions and estimates to be correct, actual developments in the future, as well as actual operating results, may deviate from those put forward by management due to factors beyond the control of the company, such factors to include, for example, fluctuating exchange rates, changes within the graphic arts industry, or any other unforeseen economic and/or market transformations. manroland AG makes no guarantees that future developments and/or future operating results will match any of the numbers and/or statements put forth in this press release, and assumes no liability if such situations arise. Furthermore, no responsibility is assumed for updating any of the statements and/or figures contained herein.

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