The Supervisory Board of Montana Tech Components AG (MTC) announces that the ordinary capital increase which was decided upon by the extraordinary general meeting on February 18th, 2011 was now closed with an oversubscription. All new shares could be placed. MTC thus receives new capital amounting to CHF 61.7 million which will be used to fund current growth projects and to repay the convertible bond maturing in August 2011. The equity of MTC Group will now rise to about EUR 200 million.

 The shareholders of MTC had great interest in the capital increase which led to the substantial oversubscription. About 75% of the shareholders participated in the capital increase.

 The Supervisory Board thanks the shareholders for their subscription of the capital increase and interprets this as a sign of confidence in the leadership, management and strategic direction of MTC. MTC is thus very well positioned for its growth, especially in the field of aerospace and energy harvesting. The repayment of the convertible bond and the financing of the ongoing growth projects are thus sufficiently guaranteed.

 The registration of the capital increase in the Commercial Register and the allotment of the shares will take place within the next days.