Siegfried Dapoz, who has been CFO of Miba AG for many years, is retiring at the end of the business year (January 31, 2008). Mr. Dapoz joined the company in 1966, and has been CFO of Miba AG since 1986. CEO Peter Mitterbauer thanked Mr. Dapoz for his loyalty, commenting: "Siegfried Dapoz has for long periods helped shape Miba's development and rise." During his retirement Mr. Dapoz will retain close ties with the company, and will continue to handle various functions for Mitterbauer-Beteiligungs-AG and the Mitterbauer Foundation.

The new head of finance will be Hannes Moser, as vice president corporate finance. Mr. Moser has been at Miba since 1992, including a period to date as a member of senior management in Miba Sinter Group. As of February 1, 2008, Peter Mitterbauer – who remains Miba AG management board chairman as before – will be responsible for financial agenda on the management board.

As of the beginning of the 2008-09 business year (February 1, 2008), the Miba AG management board will consist of three people: Peter Mitterbauer (management board chairman), Norbert Schrüfer (Miba Sinter Group and Miba Friction Group) and Wolfgang Litzlbauer (Miba Bearing Group).

- Group sales of 286.8 million euros in Q1-Q3 - EBIT increased from 14.6 million to 18 million euros year on year - Order Status at record level of 174.6 million euros

Miba, strategic partner of the international engine and automotive industry, generated profitable growth in the first three quarters of the current business year (as of the end of October). Sales rose 3% year on year, to 286.8 million euros. During the reporting period EBIT increased from 14.6 million to 18 million euros year on year. "This performance indicates that our strategy of focusing on high technology is bearing fruit", said CEO Peter Mitterbauer. Miba performed well under the dynamic market conditions: As of October 31 orders on the books were at 174.6 million euros, a new record. Increase in sales in all Miba business areas Sales rose approximately 3% relative to Q1-Q3 '06-‘07, to 286.8 million euros. After adjustment for lost sales resulting from the sale of the Italy and Spain sites, the increase was in fact 14%, which is significantly higher. Miba Sinter Group accounted for the largest proportion (42.8%) of group sales, followed by Miba Bearing Group (38.7%) and Miba Friction Group (17.6%).

EBIT rose to 18.0 million euros (Q1-Q3 '06-‘07: €14.6 million). EBT nearly doubled from 8.1 million to 15.7 million euros.

Investments rose to 25.7 million euros, as compared with 24.8 million euros in the same period last year. The Austrian sites Laakirchen and Vorchdorf accounted for three quarters of total investment. Cash flow from operations increased by 43%, to 43.2 million euros, primarily as a result of earnings.

Employee headcount as of October 31, 2007 was 2,606. After adjustment for changes in headcount resulting from the sale of the Italy and Spain sites, this constitutes an increase of 8% (205 employees) relative to the end of October '06. The increase in staff headcount took place largely at the Austrian sites, which as of the end of October employed 1,535 people.

Miba Key Figures (in million euros)	Q1-Q3 2007-2008	Q1-Q3 2006-2007
Sales	286.8	277.7
EBIT	18.0	14.6
Investments	25,7	24.8
Cash flow from operations	43.2	30.2

Technological Leadership Remains Our Focus Thanks to the full order books and continuing strong demand, the Miba AG management board anticipates an increase in sales during the current 2007-2008 business year, despite the sale of the Spanish site. Trends on buyer markets are currently being shaped by the price of oil and the euro/dollar exchange rate. "We intend to continue on this course of profitable growth by extending our technological leadership", commented Peter Mitterbauer.

- 20 million euros investment, 230 employees - Global competence center for steel discs - Annual production of 13 million steel components

Miba, a strategic partner of the international engine and automotive industry, opened its new production site for steel discs in the Slovakian town of Vráble on September 20. At the plant 230 employees will annually produce 13 million steel components for clutches and brakes to be used in commercial vehicles such as construction machinery, tractors and trucks. A total of 20 million euros has been invested in the plant.

“Miba Steeltec’s new site is the global competence center for steel discs within Miba. Along with production, we have also located product development and a fully equipped tool shop here,” says Alfred Hörtenhuber, CEO of Miba Friction Group. Miba Steeltec supplies input stock not only to the Miba Frictec plant in Roitham, Austria, but also to big OEMs (Original Equipment Manufacturers) in Europe and the USA, such as John Deere, Caterpillar and Case. The entire output of the plant will be exported. Four-fifths of production is destined for EU countries and the rest will be sent to the USA and Brazil.

The decisive reason for building the new plant was the shut down of Miba’s production of friction materials in England, since further expansion was not possible in the historic city center of Sheffield. The selection of Vráble, 100 kilometers east of Bratislava, was based on its optimal transport connection with Roitham and its proximity to key customers in Germany, France and Italy. A further crucial factor was Miba’s good experience in Slovakia with its sintering plant in Dolný Kubín, which has belonged to the group since 1991. Construction began in Vráble in March 2005. It was possible to begin production of the first orders in the second half of 2006. The attainment of full operation at Vráble marked the completion of the relocation from Sheffield. Market Leadership and Sales of 25 Million Euros Planned At the new plant some 10,000 tons of steel will be processed per year. Miba’s clear goal is to achieve a leading market position with respect to productivity and efficiency in production. It intends to exceed the sales target of 25 million euros as soon as possible. In the medium term further enhancement of capacities and the inclusion of complementary products in the production program are planned. Miba has also reacted to the limited availability of skilled labor and management talent in Slovakia by supporting the expansion of local training programs.

“Our clear strategic orientation is that of high technology. As a development and production center, Vráble is an important plant for us. This high-performance site enables us to ensure the worldwide supply of high-quality products for our customers over the long term,“ says Peter Mitterbauer, Miba’s CEO.

- Sales volume increases by four percent to EUR 196.3 million - Order situation at a record level - Sale of the Spanish sinter site depresses earnings

Despite increasing oil and fuel prices, world-wide production of passenger cars and light commercial vehicles has gained momentum since the beginning of the year. “The robust economic environment, together with the positioning of Miba as a technology leader, is shaping growth. Market volume in all target segments remains at a high level. With EUR 174.4 million, the order situation at the end of the first half-year has reached a record level," stated CEO Peter Mitterbauer.

Sales Growth in All Target Segments In the first half-year (as at July 31, 2007), Miba increased its sales volume by almost four percent to EUR 196.3 million. Miba Sinter Group generated the largest share of the sales volume with 44.8 percent, followed by Miba Bearing Group with 37.3 percent and Miba Friction Group with 17.1 percent.

Adjusted for non-recurring effects, Earnings Before Interest and Taxes (EBIT) for the reporting period reached EUR 20.8 million, thereby largely exceeding the EUR 14.0 million attained in the previous year. Reported EBIT stood at EUR 12.0 million, including anticipated non-recurring expenditures of EUR 8.8 million from the sale of the Spanish sinter site with effective date of August 1, 2007.

Earnings Before Taxes (EBT), including non-recurring effects, declined to EUR 11.4 million (EUR 13.0 million in the previous year). Excluding the above-mentioned non-recurring expenditures, Return on Sales stood at 10.3 percent.

Investments rose from EUR 15.8 million to EUR 18.2 million as compared to the corresponding period of the previous year. In order to expand capacities at the Austrian sites of Laakirchen and Vorchdorf, EUR 12.3 million were invested in the acquisition of new equipment pertaining to these sites. Cash-flow from operations almost doubled from EUR 16.6 million to EUR 32.1 million. This is mainly attributed to the tighter management of current assets and the rise in current accruals.

As at the reporting date of July 31, 2007, the number of Miba employees amounted to 2,878, with nearly half of the employees working at a Miba site outside of Austria.

	1st half-year 07/08	1st half-year 06/07
Sales volume (in EUR million)	196.3	189.4
EBIT (in EUR million)	12.0	14.0
EBT (in EUR million)	11.4	13.0
Investitionen (in EUR million)	18.2	15.8
Number of employees (as at July 31)	2,878	2,920

Miba Sinter Group: Sale of the Sinter Site in Spain Since the beginning of the year, automotive production in Europe has increased to 11.7 million vehicles, a five percent increase over the corresponding period of the previous year. Miba Sinter Group benefited from the economic expansion and was able to increase its sales volume in the first half-year to EUR 87.9 million, a four percent increase over the comparative period of the previous year. This growth is also attributed to the success of Miba’s challenging new projects. To optimally meet increased demand, Miba invested EUR 8.2 million into expanding the production capacities at the Vorchdorf site (Austria). With the effective date of August 1, 2007, Miba sold its subsidiary, Miba Sinter Spain S.A., headquartered in Ripollet/Spain, to Allegra Capital, a Munich-based investment company. This sale underscores Miba Sinter Group’s clear-cut, strategic orientation towards high technology.

Miba Bearing Group: Continuing on the Path to Success Following the positive performance of the previous year, Miba Bearing Group continued to develop dynamically in the first half-year. At EUR 73.2 million, sales volume slightly exceeded that of the previous year. This is due to the high market volume in all target segments, from commercial vehicles and ships up to and including locomotives. At the Laakirchen site, production capacities for diesel engines for ship drives were increased in the first half-year.

Miba Friction Group: New Site in Slovakia The favorable economic situation also had a positive effect on Miba Friction Group's business performance. For the first half-year, Miba Friction Group recorded a sales volume of EUR 33.7 million, an increase of nine percent over the previous year. The new plant in Vráble (Slovakia) will be officially inaugurated on September 20, and the relocation of the production from Sheffield (England) to Slovakia will thus be completed. Miba Steeltec s.r.o. in Vráble produces steel plates for clutches and brakes used in heavy-duty vehicles, such as trucks, tractors and construction vehicles.

Outlook: Miba Focuses on High Technology Despite the sale of Miba Sinter Spain, Miba’s Management anticipates consolidated sales volume to remain constant due to the positive economic environment and the favorable order situation. "As a high-technology supplier, we focus on innovative solutions. Our clients' requirements are our priorities," stated Mitterbauer. The Management Board anticipates that the increased focus on high-tech products will lead to increased margins, enabling the Company to offset any expected cost increases.

Miba, strategic partner of the international engine and automotive industry, is selling its subsidiary Miba Sinter Spain S.A. in Barcelona, which employs 380 people, to the Munich-based investment company Allegra Capital as of the end of July. It has been agreed that the purchase price will not be disclosed.

By optimizing its location concept, the Miba Group is underscoring its clear strategic orientation to high technology. "Concentrating on specific plants means that we can continue to develop our high levels of quality and productivity and are well positioned for future growth", explains CFO Siegfried Dapoz. The sale of the Barcelona site follows the sale of Miba’s site in Naples (Italy) in 2006. With the sale of the Spanish plant Miba Sinter Group's new location concept for globally supplying its customers is implemented. This year Miba is investing a total of €33 million in machinery and equipment. €15.5 million of that will be spent on expanding its sinter plants in Vorchdorf (Austria), Dolný Kubín (Slovakia) and Suzhou (China).

The buyer of Miba Sinter Spain, Allegra Capital GmbH, is a German investment company based in Munich. Allegra Capital acquires companies with growth potential and accompanies and supports their further development over the long term. Its investment portfolio includes well-known companies such as a former subsidiary of the Alstom Group and a former subsidiary of Leica Camera AG.

At the 21st ordinary general meeting of shareholders for the 2006/07 business year held on Friday of last week, the shareholders of Miba, strategic partner and supplier to the international engine and vehicle industry, passed a resolution approving a dividend of 2.80 euros. Based on a reporting date price (as of January 31, 2007) of 104 euros, this represents dividend yield of 2.69%.

In the 2006/07 business year, Miba generated group sales of 366.5 million euros, an increase of 6%. Moreover, Miba successfully sustained its earning power in spite of one-time effects: EBIT of 22.2 million euros was posted, the same as in the previous business year.

At the 21st ordinary general meeting of shareholders on July 6, 2007, a resolution was passed approving a dividend of 2.80 euros for the capital stock consisting of ordinary shares and a preferred dividend of 0.59 euros plus a bonus of 2.21 euros for the capital stock consisting of preferred shares. This underscores Miba's continuity in payment of dividends as well as the company's financial muscle. The dividend will be paid to shareholders on July 16, 2007.

- Sales volume increased by three percent to EUR 95.6 million - Operating result increased by 43 percent to EUR 8.7 million

Miba, a strategic partner of the international engine and automotive industry, showed accelerated growth in the first quarter of 2007/08 (as of April). Sales volume increased to EUR 95.6 million, i.e. a three percent increase over the corresponding period of the previous year. During the same period, the operating result (EBT) increased by 43 percent to EUR 8.7 million. The key factors contributing to Miba's growth were the favorable economic situation in its customer markets and, more particularly, Miba's strategic orientation towards high technology.

"Adjusted for the sales volume of the Naples site, which was sold in the past business year, the consolidated sales volume increase is significantly higher, i.e. ten percent, " stated Miba's CEO, Peter Mitterbauer. The largest share of the sales volume was generated by Miba Sinter Group with 44.8 percent, followed by Miba Bearing Group with 37.3 percent and Miba Friction Group with 17 percent.

The sales growth helped push up earnings significantly. Earnings before interest and taxes (EBIT) rose from EUR 6.5 million to EUR 9.0 million. The restructuring measures, which had dragged down the result for the corresponding quarter in the previous year, are now bearing fruit. Furthermore, new orders, for which the preliminary work in the form of tool-making and sample production was carried out during the past year, have entered the series production phase. Miba's equity ratio climbed from 51.5 to 52.5 percent, reflecting Miba's firm financial footing.

The profit increase and the efficient working capital management are also reflected in the operating cash flow, which increased from EUR 2.0 million to EUR 12.3 million in the first quarter. Investments totalling EUR 7.9 million (EUR 5.7 million in the previous year) were completely financed out of Miba's own resources. As at the balance sheet date of April 30, 2007, the number of Miba employees remained practically unchanged at 2,813.

* Consolidated sales up six percent to 367 million euros * High earning power despite one-time effects in Italy and Slovakia * Strategy to further expand the non-automotive segment is successful

Miba, a strategic partner of the international engine and automotive industry, achieved consolidated sales of 367 million euros in its past business year. This represents a plus of six percent. More than half of the sales were generated outside the automotive industry. Miba was able to maintain its high earning power despite one-time effects. Its EBIT (earnings before interest and taxes) of 22.2 million euros was at the level of the previous business year. The positioning of Miba as a technology leader and positive developments in all of its markets were the key factors in this growth. “Our strategy of strengthening the non-automotive sector has been as successful as we expected. We have profited from gratifying developments in our customer markets, ranging from commercial vehicles to construction machines and ships,” says Peter Mitterbauer, Miba’s CEO. Also, the automotive industry in Europe, which is the key market of Miba Sinter Group, gathered momentum during the course of the 2006/07 business year and showed moderate growth, despite increased fuel prices.

High Earning Power Despite One-Time Effects and Increased Costs Despite one-time effects in Slovakia and Italy as well as increased raw material and energy costs, Miba was able to maintain its high earning power. At 22.2 million euros EBIT was at the level of the previous year (22.4 million euros), even though the start-up costs of 3.2 million euros at the new friction plant in Vráble, Slovakia, turned out to be higher than planned. EBT (earnings before taxes) was depressed by the one-time effects of Miba Sinter Group’s site in Naples in the amount of 6.0 million euros and, as a result, dropped from 21.7 million euros in the previous year to 15.5 million euros.

	2006/07	2005/06
Sales (in million euros)	367	347
EBIT (in million euros)	22.2	22.4
EBT (in million euros)	15.5	21.7
Investments (in million euros)	31.9	46.8
Employees (annual average)	2,850	2,683

After above average investments of 46.8 million euros (excluding financial assets) in the previous year, investments in the 2006/07 business year remained at the high level of 31.9 million euros. Of this amount, 14.4 million euros was invested in the Austrian sites. At 52.8 percent the equity ratio was significantly above the 51 percent level of the previous year, reflecting Miba’s rock solid financial structure. Cash flow from operations rose from 37.8 to 38.8 million euros. The average number of employees during the year increased compared to the previous year by 167 to 2,850. This rise resulted in part from the recruitment of personnel for the Vráble site as well as the still continuing production in England. At the reporting date of January 31, 2007, the number of employees was 2,773 (compared to 2,797 on January 31, 2006).

Miba Sinter Group: Optimization of the Site Concept In the 2006/07 business year Miba Sinter Group’s sales rose by three percent to 160 million euros, despite the sale of its Italian site at the end of the third quarter. It thus generated a 43.7 percent share of Miba’s consolidated sales. This growth resulted from higher production figures in the European automotive industry (+ 2%) and the start-up of ambitious big projects such as sintered gears for camshaft drives and mass balancing, and clutch bodies for manual transmissions.

On October 31, 2006, Miba Sinter Group’s site in Naples with a workforce of 170 was sold to the Italian investor that acquired the former Miba site in Turin two and a half years ago. With this divestment Miba underscored its clear strategic orientation toward high technology. In the 2006/07 business year alone, nine million euros were invested in the high tech sites in Vorchdorf, Austria, and Dolný Kubín, Slovakia. Miba Sinter Group also prepared itself for the expected market growth of the automotive industry in the Far East and opened a production site for shock absorber components and small engine parts in Suzhou, China.

Miba Bearing Group: New Sales Record With a nine percent increase up to 142.3 million euros, Miba Bearing Group set a new sales record. The key reason for this was high sales volumes in all target market segments. Miba Bearing Group contributed 38.8 percent to Miba’s consolidated sales and was able to further increase its market shares in the past business year.

The production sites of Miba Bearing Group in Laakirchen, Austria, and McConnelsville, Ohio, continued to develop satisfactorily in 2006/07. At the Laakirchen site an extensive construction project involving an investment of 3.5 million euros was started. It encompasses the modernization and expansion of production capacity in the areas of tool manufacturing and preliminary setups. This project will be completed in the first half of the current business year. The McConnelsville site benefited from high demand for locomotives and compressors.

The production site of Miba Precision Components (China), 90 kilometers west of Shanghai was opened at the beginning of the current business year after a construction period of only eight months. Initially the plant had 40 employees, but over the medium term the workforce is expected to increase significantly. To date, approximately ten million euros have been invested in the new site.

Miba Friction Group: Growth Through Innovation In 2006/07 the sales of Miba Friction Group rose by four percent to 62 million euros, which was a 16.9 percent share of consolidated sales. This resulted from the good economic conditions in target markets – especially commercial vehicles, high speed trains and wind turbines – as well as from ongoing innovations. In the year under review Miba Friction Group implemented the latest know-how and products in the railroad business, such as very low-noise brake pads. In the commercial vehicle segment a new carbon friction lining for synchronizer rings that provides both the greatest wear resistance and improved ease of shifting was developed and is now ready to be launched on the market.

Further progress was made in the relocation of production from Sheffield, England, to Vráble, Slovakia. Series production in Vráble went live in the second half of the year. Vráble complements the Austrian site in Roitham, which recorded excellent capacity utilization in 2006/07, and supplies it with input stock. The production site in the US, Miba HydraMechanica with headquarters in Sterling Heights, Michigan, worked at full capacity with orders from the aircraft industry and the automotive sector.

Technology Leadership as the Basis of Success Miba is committed to diversification in both products and regions. In Europe, its primary market – where around 70 percent of its business is transacted, Miba expects a further increase in automotive production, but also with continued cost and price pressure. “For this reason, we are clearly focusing on our positioning as a high-tech supplier. In this role we will be able to stand our ground very effectively in all of our markets in the coming year,” says Mitterbauer. In Asia, which currently generates nine percent of Miba’s sales, Mitterbauer expects greater market growth than in the past. In the NAFTA region, which presently accounts for 17 percent of the group’s consolidated sales, constant development is expected.

In the forthcoming months Miba AG will re-organize its top management and thereby set the course for the future.

On February 1, 2008, Norbert Schrüfer will become CEO of the Miba Friction Group and assume responsibility on the Management Board of Miba AG for the sinter and friction business areas, as Alfred Hörtenhuber has decided to step down from his functions at Miba at that date in order to devote himself to new endeavors.

Beginning on May 1, 2007, Harald Neubert will strengthen the management of the Miba Sinter Group as Chief Technical Officer (CTO) and succeed Norbert Schrüfer as CEO on February 1, 2008. Harald Neubert (50) has been with GKN Sinter Metals since 1988, most recently as President of Asia Pacific and South American Operations.

* Internationalization safeguards Austrian base * Local production guarantees close contact with customers in the Far East

Miba, a strategic partner of the international engine and automotive industry, officially opened its new plant in the Suzhou Industry Park, 90 kilometers west of Shanghai, on March 26, 2007. China’s great market potential offers growth opportunities for Miba in the region. Local production of engine bearings and sintered components ensures close contact with Asian customers. The initial investment in the new plant amounted to approximately 10 million euros.

“Miba has been a player in the Chinese market for 20 years. This new plant enables us to establish even closer ties with our customers and to optimally meet growing demand. At the same time this internationalization safeguards our Austrian base,“ said CEO Peter Mitterbauer at the opening, at which Austria’s Federal Minister of Economics Martin Bartenstein personally officiated. Miba Precision Components China (MPCC), with headquarters in Suzhou, is a wholly owned subsidiary of the Miba Group. In the first quarter of the 2007/08 fiscal year, the new plant has begun serial production of engine bearings and sintered components for the Asian market. Its customers include the big Chinese producers of engines and commercial vehicles as well as subsidiaries of European and American car makers and component manufacturers.

Big Growth Opportunities for Miba in the Far East Due to the high demand for means of transportation and for highly efficient engine generations, the engine bearing segment in particular is developing very dynamically. “We are excellently prepared to meet the challenges of increasing motorization and we also profit from the strict environmental requirements in China. Technology from Miba makes engines more efficient, safer and more environmentally friendly,” says Mitterbauer.

Good traffic infrastructure, a secure energy supply and skilled workers were the decisive factors in the selection of the Suzhou Industry Park for the new plant. MPCC started up with 40 employees and over the medium term the work force will be significantly increased.

In the past three years Miba invested EUR 100 million worldwide in its plants and machines. Half of this was invested in the Austrian sites at Laakirchen, Vorchdorf, Roitham and Niklasdorf.

25th CIMAC World Congress 2007

21-24 May, 2007 Hofburg Congress Centre, Vienna

This Congress is devoted to state-of-the-art technologies and applications in the fields of marine, power generation and locomotive engine engineering. Moreover, it provides the unique opportunity to meet colleagues and customers from around the world.

Vienna promises to be one of the most successful CIMAC conferences. More than 270 papers have already been submitted what guarantees a congress at highest level.

Further information is available at www.cimac.com