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Company News, 2004-10-22, 02:00 AM

Supervisory Board agrees to merger of ThyssenKrupp Werften and HDW

At its extraordinary meeting held in Essen on October 22, 2004, ThyssenKrupp Technologies AG`s Supervisory Board agreed to the merger between ThyssenKrupp Werften and HDW to form a new group under the management of ThyssenKrupp Marine Systems AG. Concurrently, the Board gave its consent to the group`s future industrial structure-that of a divisional-style management with best possible product allocation among the production facilities as well as the formation of an autonomous company for Kiel-based surface vessel construction. ThyssenKrupp Marine Systems AG is to be headquartered in Hamburg.

The merger can be consummated once ThyssenKrupp AG`s Supervisory Board and the relevant antitrust authorities have given their go-aheads.

Contact:

Anja Gerber
ThyssenKrupp Technologies AG
Corporate Public Relations
Telephone +49 (201) 106-3264
Fax +49 (201) 106-3265
E-mail: anja.gerber@thyssenkrupp.com

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