The Supervisory Board will decide on the future structure of the board upon completion of the restructuring.

About Pfleiderer:
The Pfleiderer AG (ISIN DE 0006764749) is one of the world’s leading producers of engineered wood. The company employs approximately 4,900 people and operates 16 locations in North America, Western and Eastern Europe producing engineered wood, surface finished products and laminate flooring. Pfleiderer is a preferred partner of the furniture industry, specialist and home improvement stores, and interior design suppliers. In fiscal year 2010, the Group generated consolidated revenues of approximately €1.5 billion. More information at: www.pfleiderer.com

Contact:
Analysts/Investors:
Pfleiderer AG
Lothar Sindel (Vice President Investor Relations)
Tel.: +49 (0) 211 - 929 638-20
E-Mail: lothar.sindel@pfleiderer.com

Media:
Brunswick Group GmbH
Sabine Morgenthal
Tel.: + 49 (0) 69 - 2400–5517

Christian Weyand
Tel.: +49 (0) 69 - 2400-5511
E-Mail: Pfleiderer@brunswickgroup.com

About Pfleiderer:
The Pfleiderer AG (ISIN DE 0006764749) is one of the world’s leading producers of engineered wood. The company employs approximately 4,900 people and operates 16 locations in North America, Western and Eastern Europe producing engineered wood, surface finished products and laminate flooring. Pfleiderer is a preferred partner of the furniture industry, specialist and home improvement stores, and interior design suppliers. In fiscal year 2010, the Group generated consolidated revenues of approximately €1.5 billion. More information at: www.pfleiderer.com

Contact:
Analysts/Investors:
Pfleiderer AG
Lothar Sindel (Vice President Investor Relations)
Tel.: +49 (0) 211 - 929 638-20
E-Mail: lothar.sindel@pfleiderer.com

Media:
Brunswick Group GmbH
Sabine Morgenthal
Tel.: + 49 (0) 69 - 2400–5517

Christian Weyand
Tel.: +49 (0) 69 - 2400-5511
E-Mail: Pfleiderer@brunswickgroup.com

The opening marks an important milestone as it will allow to restructure the Pfleiderer Group by way of an insolvency process. The Executive Board will now consequently pursue the path and develop an insolvency plan which will form the basis for a reduction of debt and recapitalisation of the company.

Contact:
Analysts/Investors:
Pfleiderer AG
Lothar Sindel (Vice President Investor Relations)
Tel.: +49 (0) 211 - 929 638-20
E-Mail: lothar.sindel@pfleiderer.com

Media:
Brunswick Group GmbH
Sabine Morgenthal
Tel.: + 49 (0) 69 - 2400–5517

Christian Weyand
Tel.: +49 (0) 69 - 2400-5511
E-Mail: Pfleiderer@brunswickgroup.com

Duesseldorf, March 28, 2012 – The Executive Board of Pfleiderer AG today filed a request to open insolvency proceedings with the relevant Court in Düsseldorf. This became necessary as on March 27, 2012, the Higher Regional Court, Frankfurt/Main, rejected the application for release related to the lawsuits against the resolutions adopted by the meeting of bond creditors on June 20, 2011. As a result, the resolutions regarding the planned capital measures adopted with a large majority of votes cannot be implemented in time. The debt relief and recapitalization of the company that had been planned within the scope of the restructuring plan is now no longer possible by this means.

The Executive Board now plans to implement the financial restructuring by way of an insolvency plan, which allows for a timely and legally binding implementation of the restructuring measures and will lead to a substantial debt relief of Pfleiderer AG, as originally planned. The Executive Board will act as debtor in possession; this will allow the Executive Board to continue to manage the business and to complete the ongoing restructuring under the supervision of a custodian. Today at 5 pm, following a unanimous proposal by a previously appointed creditor committee the Court appointed Horst Piepenburg as temporary custodian.

The insolvency does only affect Pfleiderer AG as the holding company but not the operational subsidiaries that are organizationally and financially independent from the holding. As a result, the operating business and the related jobs will not be affected by the insolvency of the AG. Pfleiderer AG currently has 10 employees, Pfleiderer Group currently has about 4,900 employees (including the operations in North America that are for sale), of which more than 2,000 employees are in Germany.

Hans-Joachim Ziems, member of the Executive Board who is in charge of the Group’s restructuring among his other responsibilities, commented: “I regret that we were not able to implement the original restructuring resolutions despite the high level of approval among the parties involved and that therefore, the existing shareholders and bond creditors can no longer participate in the successful restructuring of Pfleiderer. We will now continue with our restructuring by way of an insolvency plan. Pfleiderer is well prepared for this situation. In particular, the so-called debtor in possession approach or self-administration is good news for our employees as it will enable us to complete the restructuring that is already well underway and led to positive operational results without any further delay.”

Lawyer Piepenburg commenced work in the new role immediately on Wednesday evening „The insolvency provides ample opportunity to maintain Pfleiderer AG as a holding company. With the restructuring commitments that were made previously an insolvency plan can be implemented very quickly.”

Background information: In the past year, Pfleiderer AG developed a comprehensive restructuring plan, on the basis of which the company would have had much of its debt waived and would have been recapitalized. The prerequisite for the implementation of this plan was an agreement by all parties involved -lenders, shareholders, and hybrid bond creditors - to make significant contributions. The financing banks and investors had agreed to waive a substantial portion of their outstanding receivables and to make new financial resources available, however, with the proviso that the shareholders agree to a drastic reduction of the company’s capital and to a subsequent capital increase. The hybrid bond creditors were supposed to waive their claims under the bond completely and, as a quid pro quo, receive a share of the recapitalized company. This was set in motion with the successful conclusion of a Creditors’ Meeting and an Extraordinary General Meeting last year. However, after individual investors had brought lawsuits against the resolutions, they could no longer be implemented as planned. Despite the ongoing principal proceedings, the company attempted to enable a legally effective entry of the resolutions by instituting release proceedings. However, this endeavor failed due to its rejection by the Higher Regional Court, Frankfurt. Now the restructuring of Pfleiderer will be ensured by way of an insolvency restructuring procedure where the Executive Board acts as debtor in possession.

In addition to the capital measures, the company had proposed a number of operational restructuring measures within the scope of the restructuring plan and had largely already implemented them. Pfleiderer made significant progress in this process; for example, the operational restructuring in Western Europe was to a large extent already completed last year. The planned disposal of the North American operations also saw an important partial success with the sale of the plant in Moncure, NC (USA) in late 2011.

Contact:
Analysts/Investors:
Pfleiderer AG
Lothar Sindel (Vice President Investor Relations)
Tel.: +49 (0) 211 - 929 638-20
E-Mail: lothar.sindel@pfleiderer.com

Media:
Brunswick Group GmbH
Sabine Morgenthal
Tel.: + 49 (0) 69 - 2400–5517

Christian Weyand
Tel.: +49 (0) 69 - 2400-5511
E-Mail: Pfleiderer@brunswickgroup.com

Neumarkt, March 27, 2012 – Pfliederer, an international producer of engineered wood, has successfully completed restructuring of its business activities in Western Europe. The company also improved earnings and profitability significantly in 2011. Revenues for the Business Center Western Europe (BC West) reached a better-than-projected €689 million, nearly equaling the previous year’s level of €692 million despite the closure of three production sites in Germany as part of a restructuring plan. Pfleiderer Holzwerkstoffe GmbH is BC West’s parent company. These revenues no longer include laminate flooring producer PERGO’s European business activities, which are up for sale (prior-year value adjusted).

Operating earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for restructuring costs improved last year (without PERGO Europe) by approximately 33% or €18.6 million to €74.2 million (2010: €55.6 million), according to preliminary figures. This corresponds to a margin of 10.7% of revenue, following 8.0% the previous year.

Accounting for the costs of restructuring, EBITDA increased by approximately 187% or €41.4 million to €63.5 million (2010: €22.1 million). This corresponds to an EBITDA margin of 9.2% of revenue (2010: 3.2%). The marked increase in earnings and returns can be attributed a larger amount of higher-quality products, price increases for raw particleboard and surface-finished panels, as well as improved efficiency throughout the Group. All five production sites in Germany (Neumarkt/Oberpfalz, Gütersloh, Arnsberg, Leutkirch and Baruth) developed positively in 2011.

Following completed restructuring, the Pfleiderer Holzwerkstoffe Group plans significant investments in its German locations in order to secure and improve their ability to compete. Including last year’s investments, planned expenditures from 2011 until 2013 total more than €110 million. Of this total, more than €40 million is earmarked for the current year. The investments are to be financed internally from the Group’s cash flow. Pfleiderer has gotten off to a good start in Western Europe in 2012. Thanks to internal progress and stable building activity, BC West’s revenues and (more importantly) earnings have continued to improve. Revenues (without PERGO Europe) in January and February were up 2% on a cumulative basis compared to the same period in the previous year. EBITDA increased by a further 37%, from €9.3 million to €12.7 million, for a margin of 11% (previous year: 8.1 %).

Michael Wolff, Chairman of the Management Board of Pfleiderer Holzwerkstoffe GmbH: “The very tough, but successful restructuring process in Germany has made an important contribution toward bringing the entire Pfleiderer Group back on the winning track. Pfleiderer’s business activities are once again running smoothly and steadily. Our ambitious investment program also shows that we are continuing to improve our locations’ ability to compete.”

Contact

Media:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: + 49 (0) 54 04 / 9192-0
Fax: + 49 (0) 54 04 / 9192-29
E-Mail: office@elsner-kommunikation.de

Contact

Media:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: + 49 (0) 54 04 / 9192-0
Fax: + 49 (0) 54 04 / 9192-29
E-Mail: office@elsner-kommunikation.de

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

Pfleiderer herewith acknowledges the view of the Higher Regional Court in Nuremberg which had previously pointed out that it only makes sense to proceed with a decision related to the shareholders’ resolutions once the resolutions taken at the creditors’ meeting have been cleared by the Higher Regional Court in Frankfurt.

Consequently, the court ruling scheduled for January 25 has been cancelled.

Contact

Media:
Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Tel.: + 49 (0) 54 04 / 9192-0
Fax: + 49 (0) 54 04 / 9192-29
E-Mail: office@elsner-kommunikation.de

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

Neumarkt, December 30, 2011 – Uniboard® USA LLC, a subsidiary of listed Pfleiderer AG (ISIN DE 996764749), has announced the signing of an agreement to sell its MDF and Particleboard facilities located in Moncure, North Carolina/USA, to a subsidiary of the Chilean manufacturer Paneles Arauco S.A. for a consideration (including working capital) of US$ 62 million (€ 47,5 million). Closing of the deal is expected in the first quarter 2012 subject to certain terms and conditions.

The sale of the Moncure site is considered a major milestone in the planned overall sales process of Pfleiderer’s North American operations. It is believed that the transaction should considerably facilitate the sale of Uniboard´s Canadian sites after a sales analysis had shown that it would be difficult to sell Uniboard with both the Canadian facilities and the Moncure site.

Hans-Joachim Ziems, Chief Restructuring Officer and Board Member of Pfleiderer AG, commented: “The sale of Moncure is a major achievement. We are fully on track with the overall sales process in North America and are very confident to generate the envisaged proceeds.”

This transaction will not affect the ability of Uniboard Canada to service its North American client base as it still owns and operates a number of manufacturing sites located in Canada.

The sale of Pfleiderer’s North American operations forms part of the restructuring plan for the Pfleiderer Group and is planned to be completed within the first half of 2012. Following major restructuring of its European business Pfleiderer increased revenue and improved substantially operating results in Western and Eastern Europe in the first nine months of 2011 and showed a net profit in Q3 (continuing operations). However, the group result continues to be impacted negatively from the North American operations.

CIBC World Markets Inc. is acting as financial advisor and Morrison Cohen LLP is acting as legal advisor to Pfleiderer AG.

Contact

Media:
Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Tel.: + 49 (0) 54 04 / 9192-0
Fax: + 49 (0) 54 04 / 9192-29
E-Mail: office@elsner-kommunikation.de

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