Under a resolution passed at the AGM of the globally operating lubricants manufacturer FUCHS PETROLUB AG on 5 June 2003, approving a stock split in a ratio of 1 to 3, the stock-exchange listing will now be changed over on Monday 28 July 2003. This step had been preceded by an increase in the company's nominal capital, likewise approved by the AGM, of € 2,388,090.00, from € 62,090,340.00 to € 64,478,430.00, so that each share's mathematical proportion of the nominal capital rose from € 26 to € 27 - without issuing any new shares. As a consequence, each of the company's ordinary and preference shareholders will then receive, instead of one non-par value share representing a value of € 27, three shares corresponding to a calculated value of € 9 each.
The depositary banks will change over the holdings of ordinary and preference shares in FUCHS PETROLUB AG at a ratio of 1 to 3, in accordance with the status on 25 July 2003, by entering in the shareholders' securities accounts three shares for each previous share meanwhile deleted. The shareholders of FUCHS PETROLUB AG need take no action in this regard. Changeover of the deposit holdings is free of charge for the shareholders.
The company anticipates that this initiative will increase the attractiveness of the FUCHS PETROLUB shares, particularly for private investors. Thanks to the rise in the share prices over recent months, the FUCHS preference share, listed in the SDAX Prime Standard at prices of between € 95 and at times over € 100, has developed into the SDAX's "heaviest" stock. Following the split on 28 July 2003, the preference share is expected to start at a price of between € 30 and 35, and thus emulate the price levels of comparable SDAX stocks.
Mannheim, 25 July 2003
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
D-68169 Mannheim
Tel.: +49 (0) 621 3802-104