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ots Ad hoc-Service: Rosenbauer International <AT0000922554>

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announcement.
Rosenbauer Group
- Latest developments at the Dutch subsidiary: 
   - Executive Board resolves to close Rosenbauer BV 
   - All other Group companies are expected to continue progressing
to plan
In the Press Release dated 9th June 2000, Rosenbauer International
AG reported on indications of possible incorrect inventory valuations
at the Group's Dutch subsidiary Rosenbauer BV. It was also reported
that in this connection, a special audit by external auditors had
been ordered immediately.
The results of this special audit are now available:
As a consequence of incorrect valuations - mainly in connection
with inventories - substantial rectification of the balance- sheet
valuations is now called for.
The relevant annual accounts of the Dutch subsidiary had been
audited by a noted international accountancy firm and endorsed with
an unqualified audit certificate. In reliance upon these, it had been
believed that the company's earnings situation was considerably
better than was actually the case.
Now that the unprofitability of the Dutch operation has become
apparent, it has been decided not to attempt any re- dimensioning but
to close the plant altogether, by way of an insolvency. It is
expected that extra expenditure of the order of EUR 9.0 m will be
incurred.
This measure will give a very considerable boost to the Group's
profitability in future. The new Group-wide location concept will
continue to be energetically pursued and implemented.
The operative development of all other Group companies is expected
to continue as planned.
For more information, please contact: Robert Kastil, Executive
Vice-President Finance, Tel: +43 732 6794-570 Gerda Königstorfer,
Investor Relations, Tel: +43 732 6794-568
End
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