Neumarkt, February 4, 2010 – Pfleiderer AG (ISIN: DE0006764749) today placed 5,332,600 new shares out of a capital increase against cash contributions, which was decided upon today by the Executive Board with the approval of the Supervisory Board, with qualified institutional investors in Germany and abroad by way of an accelerated bookbuilding process. The capital increase is taking place out of Pfleiderer’s approved capital for an issue price of 6.50 euros per share and will increase the company’s subscribed capital by 13,651,456 euros from 136,514,816 euros to 150,166,272 euros. Shareholders’ subscription rights have been precluded for this capital increase. Pfleiderer AG will receive gross proceeds from the issue of 34.7 million euros, which will be used to reduce the Pfleiderer Group’s financial liabilities. After the capital increase has been entered in the Commercial Register, the new shares are to be approved without prospectus for trading in the official market (Prime Standard) of the Frankfurt Stock Exchange.

The Executive Board of Pfleiderer Aktiengesellschaft

THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY AND CONSTITUTES NEITHER AN OFFER TO SELL NOR AN INVITATION TO MAKE AN OFFER TO BUY OR TO SUBSCRIBE TO SECURITIES. NO PUBLIC OFFER OF SECURITIES OF PFLEIDERER AKTIENGESELLSCHAFT, NEUMARKT, IS TAKING PLACE OR IS PLANNED.

THIS PUBLICATION AND THE INFORMATION CONTAINED HEREIN ARE NOT INTENDED FOR DIRECT OR INDIRECT PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN.

THE SECURITIES OF THE COMPANY DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 AS AMENDED (THE “SECURITIES ACT”) OR UNDER SECURITIES LAWS OF ANY FEDERAL STATE OF THE UNITED STATES AND MAY ONLY BE SOLD OR OFFERED FOR SALE WITHIN THE UNITED STATES OF AMERICA ON THE BASIS OF AN EXEMPTION FROM THE DUTY TO REGISTER UNDER THE SECURITIES ACT OR UNDER THE SECURITIES LAWS OF A FEDERAL STATE OF THE UNITED STATES OR IN THE CASE OF SUCH REGULATIONS NOT BEING APPLICABLE. NO PUBLIC OFFER OF SECURITIES IS TAKING PLACE IN THE UNITED STATES OF AMERICA.

Contact:
Pfleiderer AG, Neumarkt
Lothar Sindel
Vice President Investor Relations
Tel.: + 49 (0) 91 81 / 28 8044
Fax: + 49 (0) 91 81 / 28 60 6
E-Mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Vice President Corporate Communications
Tel.: + 49 (0) 91 81 / 28 84 91
Fax: + 49 (0) 91 81 / 28 60 6
E-Mail: fabian.schiffer@pfleiderer.com

Neumarkt, February 4, 2010 – The Executive Board of Pfleiderer AG (ISIN: DE0006764749) has decided on a capital increase of nearly 10 percent of the current share capital out of the company’s approved capital with the approval of the Supervisory Board, which was granted today. 5,332,600 new shares are to be issued against cash contributions in the context of a private placement, whereby the company’s share capital will be increased by 13,651,456 euros from the current 136,514,816 euros to 150,166,272 euros. The new shares are to be offered to qualified institutional investors in Germany and abroad by way of an accelerated bookbuilding process. Shareholders’ subscription rights are precluded. The proceeds of the issue are to be used to reduce Pfleiderer’s financial liabilities. The new shares are to be approved without prospectus for trading in the official market (Prime Standard) of the Frankfurt Stock Exchange.

The Executive Board of Pfleiderer Aktiengesellschaft

THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY AND CONSTITUTES NEITHER AN OFFER TO SELL NOR AN INVITATION TO MAKE AN OFFER TO BUY OR TO SUBSCRIBE TO SECURITIES. NO PUBLIC OFFER OF SECURITIES OF PFLEIDERER AKTIENGESELLSCHAFT, NEUMARKT, IS TAKING PLACE OR IS PLANNED.

THIS PUBLICATION AND THE INFORMATION CONTAINED HEREIN ARE NOT INTENDED FOR DIRECT OR INDIRECT PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN.

THE SECURITIES OF THE COMPANY DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 AS AMENDED (THE “SECURITIES ACT”) OR UNDER SECURITIES LAWS OF ANY FEDERAL STATE OF THE UNITED STATES AND MAY ONLY BE SOLD OR OFFERED FOR SALE WITHIN THE UNITED STATES OF AMERICA ON THE BASIS OF AN EXEMPTION FROM THE DUTY TO REGISTER UNDER THE SECURITIES ACT OR UNDER THE SECURITIES LAWS OF A FEDERAL STATE OF THE UNITED STATES OR IN THE CASE OF SUCH REGULATIONS NOT BEING APPLICABLE. NO PUBLIC OFFER OF SECURITIES IS TAKING PLACE IN THE UNITED STATES OF AMERICA.

Contact:
Pfleiderer AG, Neumarkt
Lothar Sindel
Head of Investor Relations
Tel.: +49 (0)9181 28 8044
Fax: +49 (0)9181 28 60 6
E-mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Head of Corporate Communications
Tel.: +49 (0)9181 28 84 91
Fax: +49 (0)9181 28 60 6
E-mail: fabian.schiffer@pfleiderer.com

The company has sold the total stock of own treasury shares with a sales volume of 18.5 million euros.

The Executive Board of Pfleiderer Aktiengesellschaft

Contact:
Pfleiderer AG, Neumarkt
Lothar Sindel
Head of Investor Relations
Tel.: +49 (0)9181 28 8044
Fax: +49 (0)9181 28 60 6
E-mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Head of Corporate Communications
Tel.: +49 (0)9181 28 84 91
Fax: +49 (0)9181 28 60 6
E-mail: fabian.schiffer@pfleiderer.com

The Executive Board of Pfleiderer Aktiengesellschaft

Contact:
Pfleiderer AG, Neumarkt
Lothar Sindel
Head of Investor Relations
Tel.: +49 (0)9181 28 8044
Fax: +49 (0)9181 28 60 6
E-mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Head of Corporate Communications
Tel.: +49 (0)9181 28 84 91
Fax: +49 (0)9181 28 60 6
E-mail: fabian.schiffer@pfleiderer.com

With the help of a strong cash flow from operating activities, Pfleiderer AG plans to reduce its net debt by more than 350 million euros in the next four years. This will result in lower interest rates, as specified in the credit agreements, which will ultimately improve Pfleiderer’s profitability.

Independently of Pfleiderer AG, the majority-owned subsidiary Pfleiderer Grajewo SA, which is listed on the Polish stock exchange, is also holding discussions with its banks concerning a financing volume of approximately 300 million euros. Agreement has been reached with the five banks involved on the key points of a financing package which will also run until 2013.

The Executive Board of Pfleiderer Aktiengesellschaft

Contact:

PFLEIDERER AG, Neumarkt
Lothar Sindel
Leiter Investor Relations
Tel.: + 49 (0)9181 / 28 - 8044
Fax: + 49 (0)9181 / 28 - 606
E-Mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Leiter Corporate Communications
Tel.: + 49 (0)9181 / 28 - 8491
Fax: + 49 (0)9181 / 28 - 606
E-Mail: fabian.schiffer@pfleiderer.com

Speaking on behalf of the Supervisory Board and the Executive Board, Chairman of the Supervisory Board Mr. Ernst-Herbert Pfleiderer expressed his regret about the departure of Dr. Hopperdietzel and thanked him for his successful efforts and involvement in the positioning of the Pfleiderer Group in recent years, as well as for his consistently good and loyal collaboration.

Dr. Hopperdietzel’s tasks will be performed by the other members of the Executive Board: Mr. Hans H. Overdiek, Chairman of the Executive Board (CEO), Mr. Heiko Graeve and Mr. Pawel Wyrzykowski. Pfleiderer AG assumes that its organizational restructuring will result in savings in excess of €10 million.

The Executive Board of Pfleiderer Aktiengesellschaft

Contact:
Pfleiderer AG, Neumarkt, Germany
Lothar Sindel
Head of Investor Relations
Tel.: +49 (0)9181 28 8044
Fax: +49 (0)9181 28 606
E-mail: lothar.sindel@pfleiderer.com

Fabian Schiffer
Head of Corporate Communication
Tel.: +49 (0)9181 28 8491
Fax: +49 (0)9181 28 606
E-mail: fabian.schiffer@pfleiderer.com

Neumarkt, June 17, 2009. According to the preliminary figures now available for the months of April and May 2009, MDAX-listed Pfleiderer Aktiengesellschaft (ISIN DE0006764749) no longer anticipates a continuation of the business revival that had been indicated during the first quarter. Sales volumes and price levels were both lower than in the same period of the prior year. Since on the cost side, prices of raw materials cannot be expected to fall, Pfleiderer AG now expects its earnings to fall significantly. Based on initial estimates, the EBITDA margin in the second quarter of 2009 will probably be single-digit percentage.

As a result of this market-related earnings development, Pfleiderer AG expects that the key financials defined in the context of existing credit agreements may not be fulfilled at the end of this quarter. Therefore, discussions will be held with the banks with which those credit agreements exist in order to achieve a broader framework of corporate financing. Pfleiderer AG expects these negotiations to result in higher financing costs.

The Executive Board of Pfleiderer Aktiengesellschaft

Contact:

Pfleiderer AG, Neumarkt

Fabian Schiffer
Head of Corporate Communications
Tel.: + 49 (0)9181 28 8491
Fax: + 49 (0)9181 28 606
E-mail: fabian.schiffer@pfleiderer.com

Lothar Sindel
Head of Investor Relations
Tel.: + 49 (0)9181 28 8044
Fax: + 49 (0)9181 28 606
E-mail: lothar.sindel@pfleiderer.com

Neumarkt, March 31, 2009 – In a worsening market environment, MDAX-listed Pfleiderer AG (ISIN DE0006764749) was able to strengthen its position further and gained market share, although it did not achieve its originally defined revenue and earnings targets. In 2008, demand for engineered wood declined in all of the Pfleiderer Group’s sales regions, leading to falling prices for most products. Consolidated revenue therefore decreased by 3.6% to €1,735.9 million (2007: €1,801.1 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased to €223.7 million (2007: €248.7 million), causing the EBITDA margin to fall slightly from 13.8% to 12.9%. While most of this decline in margin took place in Eastern Europe, the region of Western Europe generated record margins. The Group initiated cost-efficiency programs at an early stage and was able to reduce costs by approximately €80 million, significantly more than originally targeted. As a result, and thanks to a sound financial structure with an equity ratio of 37.7% and a debt-to-equity ratio (gearing) of 0.9, the Group considers itself prepared for the difficult economic conditions in 2009.

“The Pfleiderer Group achieved respectable results compared with the industry in 2008, with revenue of nearly €1.74 billion and an EBITDA margin of 12.9%. In view of our success in reducing our cost base by €80 million, and thanks to a sound balance sheet structure, we believe we are well prepared for a difficult year 2009. We are convinced that we will be able to gain market share, so Pfleiderer will emerge from this crisis stronger than before,” commented Hans H. Overdiek, Chairman of the Executive Board of Pfleiderer AG, on current business developments.

EBITDA close to prior-year level at €224 million

More than half of the €65 million decrease in revenue in 2008 is due to the closure of the plant in La Baie, Canada. However, there were positive effects on revenue from the first full year of Pergo’s consolidation (€41.8 million), positive exchange-rate changes (€17.4 million) and the revenue generated by the new US particleboard plant in Moncure, NC (€10.4 million). Due to the slight decline in revenue and increased raw-material costs, which could only partially be passed on to customers and were not completely offset by savings, EBITDA decreased from €248.7 million to €223.7 million. The EBITDA margin fell accordingly from 13.8% to 12.9%. In addition to slightly higher depreciation, impairments totaling €13.8 million were also recognized in 2008, primarily relating to the transfer of the La Baie production plant to Moncure. Earnings before interest and taxes (EBIT) therefore decreased from €136.8 million to €97.6 million. The Financial result worsened from €46.0 million to €80.0 million in 2008, due to expenses of €28.4 million relating to the fair-value measurement of exchange-rate hedges (€15.5 million) and interestrate hedges (€4.1 million) as well as the balance sheet date measurement of financial items denominated in foreign currencies. Profit from continuing operations before income taxes therefore fell from €90.6 million to €17.6 million. Earnings per share from continuing operations amounted to €0.24 for 2008 (2007: €1.00).

Further market share gains in Western Europe – record earnings margin

The Western Europe region remained the Group’s most important source of revenue in 2008, accounting for 53.4% of the total. Due to good market positioning, the region’s revenue decrease was kept comparatively moderate at minus 4% to €945.8 million, despite the clear onset of recession at the end of the year. The drop in revenue was primarily due to falling prices for raw particleboard as well as for high-density fiberboard (HDF) and medium-density fiberboard (MDF), but also due to lower sales volumes of HDF and MDF. Sales of surface-finished board increased once again, however. While the laminate flooring business in Europe remained difficult in 2008 because of excess capacity in the industry, Pfleiderer’s Pergo brand performed rather better than its competitors in the high-price segment in which it is active. EBIT in Western Europe increased compared to the prior year to €112.5 million (2007: €110.0 million). The EBIT margin improved from 11.1% to a new record level of 11.9%. Key reasons for the earnings growth were the increasing share of high-margin products in Pfleiderer’s portfolio and the significant improvement in profitability following the structural measures taken in recent years. Strict cost management was also a contributing factor.

Eastern Europe continues to expand

Business development in the Eastern Europe region developed very differently varied in the Polish and Russian markets in 2008. Whereas the situation of demand and earnings were excellent in Russia, the Polish plants were operating in a difficult environment. For a large part of the year, the strong zloty was a burden on the exports of Pfleiderer’s customers, which are mainly active in the furniture industry and export most of their production to Western Europe. The Polish furniture industry’s demand for particleboard in 2008 was therefore 15% lower than in the prior year. Excess capacity also depressed prices of particleboard and MDF. Activities in Russia developed very positively, however: Sales grew significantly and the increased raw-material costs were passed on in full to the customers. Despite the difficult market situation in Poland, Pfleiderer expanded its revenue in the Eastern Europe region by 7% to €420.3 million. The growth resulted from the new MDF plant in Poland, exchange-rate effects and capacity expansion in Russia. The segment’s EBIT fell by €22.9 million to €28.9 million, however. This was caused by higher raw-material costs, as well as by pressure on prices of MDF and particleboard in Poland. In order to counteract cost pressure and falling prices, farreaching cost-saving measures were implemented, leading to savings of approximately €27 million in 2008.

Significant improvement in adjusted earnings in North America

The development of business in North America was affected by the real estate and financial markets crisis in 2008. In this difficult environment, sales remained close to the prior-year level thanks to the newly acquired plant in Moncure, although the plant in La Baie was closed. Market share for particleboard and laminate flooring increased once again. Whereas the market for laminate flooring contracted by 15%, Pergo posted growth of more than 24%. The decrease in revenue in North America of 9% to €404.9 million overall was caused by exchange-rate effects and the closure of the plant in La Baie. Measured on a comparable basis, revenue increased by 2%. Due to overcapacity, it was almost impossible to pass on the sharply increased rawmaterial prices to customers. By contrast, this was possible to a certain extent in the laminate flooring business. In view of the unfavorable market environment and impairments of €13.8 million mainly connected with the transfer of the La Baie plant, EBIT fell from minus €15.5 million to minus €20.2 million. The increase in EBIT adjusted for the impairments was the result of cost reduction, better market positioning and badwill from the acquisition of the Moncure plant. Pfleiderer will significantly improve its cost position due to the transfer of the MDF plant to Moncure, where the Group will benefit from lower wood prices and transport costs as well as the elimination of the exchangerate risk. The start of production is planned for the fourth quarter of 2009, depending on the market situation.

Significant improvement in cash flows, sound finances and balance sheet structure

Thanks to the efficient management of current assets, the Pfleiderer Group’s cash flows developed very positively also in 2008. The net cash inflow from operating activities increased by €30.4 million to €228.4 million. This permitted investments and acquisitions of €189.3 million (2007: €574.7 million). The Group has sound finances due in part to a Schuldschein of €165.0 million issued at favorable conditions. The equity ratio at the end of 2008 was a very favorable 37.7%. Net debt increased compared with December 31, 2007 by €17.3 million to €635.5 million. Against the backdrop of the global recession, which has also had a negative impact on the engineered wood industry, Pfleiderer anticipates a difficult business development in 2009. In nearly all markets, falls in both prices and sales are likely, partially offset, however, by increased market share resulting from the company’s relatively good cost position. In view of these conditions, strict cost and cash flow management will have top priority in 2009. On the cost side, the actions initiated in 2008 will be continued and will lead to further noticeable savings in 2009. The ongoing ramp-up of the new MDF plant in Grajewo, Poland, will have a positive effect on Pfleiderer. The same applies to the additional capacities created in Novgorod, Russia, in the second half of 2008. The Polish plants should also benefit from the weaker zloty. Demand is expected to cool off in Western Europe, but this should be counteracted by continual productivity improvements in all plants. North America will continue to present great challenges to all market players in 2009, as the market for engineered wood is likely to shrink for the third consecutive year due to the real estate crisis. But contrary to the market trend, Pfleiderer anticipates growing market share and an increase in business volume resulting from the new plant in Moncure. For the first quarter of 2009 ending on March 31, Pfleiderer expects lower revenue and EBITDA than in the fourth quarter of 2008.

The Pfleiderer Annual Report 2008 and further information on the Group can be found on the website at: www.pfleiderer.com.

About the Pfleiderer Group:

MDAX-listed Pfleiderer AG (ISIN DE 0006764749) is one of the world’s leading manufacturers of engineered wood, surface-finished products and laminate flooring. The company serves the furniture industry, tradesmen, interior fitters and the do-it-yourself market with approximately 5,800 employees at 22 production facilities in North America, Western Europe and Eastern Europe. In the year 2008, the Pfleiderer Group achieved revenue of approximately €1.74 billion and EBITDA of nearly €224 million.

Key figures for 2008

(according to IFRS)

Contact persons:

PFLEIDERER AG, Neumarkt
Fabian Schiffer
Vice President Corporate Communciation
Tel.: + 49 (0)9181 / 28 - 8491
Fax: + 49 (0)9181 / 28 - 606
E-Mail: fabian.schiffer@pfleiderer.com

Lothar Sindel
Vice President Investor Relations
Tel.: + 49 (0)9181 - 28-8491
Fax: + 49 (0)9181 - 28-606
E-Mail: lothar.sindel@pfleiderer.com