Consolidated revenue and consolidated profit exceed expectations.

Managing Board resolves at the suggestion of the majority shareholder to take measures to enter into a control and profit transfer agreement with Modular GmbH and to delist the Company.

In fiscal year 2005/2006, Kässbohrer Geländefahrzeug AG generated consolidated revenue of €190.6 million and consolidated profit of €15.2 million. Both figures are in excess of forecasts.
The Managing Board of Kässbohrer Geländefahrzeug AG resolved today, at the suggestion of the majority shareholder, Modular GmbH, to take all necessary measures to enter into a control and profit transfer agreement with the majority shareholder of Kässbohrer Geländefahrzeug AG. The entry into the control and profit transfer agreement requires the consent of the General Meeting; this is likely to be resolved at the ordinary General Meeting on February 16, 2007. Modular GmbH will offer all shareholders a one-time cash consideration or, alternatively, annually recurring compensation, the amount of which has still to be established.
Additionally, the Managing Board has resolved, at the suggestion of the majority shareholder, to take all necessary measures to delist the Company. The amount of the settlement to be paid to the shareholders in connection with the delisting is currently being established. After the Company has been delisted, its shares will be traded exclusively on the Regulated Unofficial Market.

Laupheim, December 15, 2006
Kässbohrer Geländefahrzeug AG
The Managing Board