EANS-Adhoc: ALPINE Holding GmbH
Standstill agreement with financing banks
effectively concluded
13.11.2012 – 09:33
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information/Standstill agreement 13.11.2012 ISIN: AT0000A0JDG2 ISIN: AT0000A0PJJ0 ISIN: AT0000A0V834 ALPINE Holding GmbH (the Issuer) has successfully concluded negotiations with the financing banks of ALPINE Group. The Standstill Agreement, under which banks and insurers agreed to refrain from accelerating their loans at least until the end of February 2013 and under which credit and guarantee lines will continue to be available for ALPINE Group until such date, entered into effect today. The internal accounts of Alpine Group as of September 30th, 2012 reflect losses in the amount of 89.2 Million Euro in the third quarter of 2012 which is mainly due to losses generated during such period by the development of certain projects of Alpine as well as by the increase of costs that the exit from certain markets has entailed. The Issuer works steadily and target oriented on its restructuring concept for the ALPINE Group, which is expected to be available in the first quarter of 2013 and is supported by the sole shareholder FCC who has agreed to provide additional financial support in the short term. Further inquiry note: Mag. Johannes Gfrerer Konzernpressesprecher ALPINE Gruppe Telefon +43 664 9638000 johannes.gfrerer@alpine.at www.alpine.at end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: ALPINE Holding GmbH Alte Bundesstraße 10 A-5071 Wals bei Salzburg phone: +43 662 85 82 FAX: +43 1 610 79 - 275 mail: johannes.gfrerer@alpine.at WWW: www.alpine.at sector: Construction & Property ISIN: AT0000A0JDG2 indexes: stockmarkets: Regulated free trade: Wien language: English