On February 22, 2005, LPKF Laser & Electronics AG, Hanover, and the Managing Director and minority shareholder of its North American subsidiary have agreed on essential contents concerning the takeover of an additional 25% of the shares of LPKF Laser & Electronics Inc., Portland, Oregon, by the parent company. After the planned takeover, LPKF AG would hold 85% of the shares of LPKF Laser & Electronics Inc.
 
The transaction will be executed as an exchange of shares. The takeover will be compensated with a total of 225,000 LPKF shares. 50,000 of these shares will be taken from the parent company’s own shareholdings. LPKF plans to generate the remaining 175,000 shares by an increase in capital from currently Euro 10,647,895.00 to Euro 10,822,895.00 from the authorized capital under exclusion of subscription rights of other shareholders. The capital increase would amount to 1.64% of the current share capital.

The value of the shares to be transferred would currently amount to a total of Euro 751,500.00 at a rate of Euro 3.34 per share. The valuation of the shares to be transferred from LPKF Laser & Electronics Inc. is to be certified by an expert opinion. The transaction needs to be approved by the Supervisory Board. This approval has not been granted yet.

With the increased shareholding in its North American distribution company LPKF wants to strengthen its commitment in the important US market.

LPKF Laser & Electronics AG Shares are quoted in the Prime Standard at the Frankfurt Stock Exchange (ISIN 0006450000).