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Progress-Werk Oberkirch AG

EANS-Voting Rights: Progress-Werk Oberkirch AG
Release according to article 26, section 1 WpHG (Securities Trading Act) with the aim of Europe-wide distribution

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  Notification of voting rights transmitted by euro adhoc. The issuer is
  responsible for the content of this announcement.
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Announcement according to Article 27a, Section 1 of the WpHG (qualifying
holdings)

Person/company obliged to make the notification:
-----------------------------------

Name:    Delta Lloyd N. V.
Place:   Amsterdam
State:   Niederlande


In respect of exceeding the threshold of 10% of the voting rights, Delta Lloyd
N.V., Amsterdam, The Netherlands, has informed us on behalf of Delta Lloyd
Asset Management N.V., Amsterdam, The Netherlands, DLAM Holding B.V.,
Amsterdam, The Netherlands, and of Delta Lloyd N.V., Amsterdam, The
Netherlands, according to article 27a, section 1, sent. 1, 3 and 4 of the WpHG
on June 4, 2012 about the following concerning the intention for the
acquisition of voting rights and the source of funds:


Delta Lloyd Asset Management N.V.,

1. The voting rights in Progress-Werk Oberkirch AG are held by Delta Lloyd L
  SICAV, Delta Lloyd Europees Deelnemingen Fonds N.V. and Delta Lloyd
  Levensverzekering N.V. and are attributable to Delta Lloyd Asset Management
  N.V. pursuant to section 22 (1) sent. 1 no. 6 WpHG. The investment of these
  entities in the shares of Progress-Werk Oberkirch AG is aimed at generating a
  trading profit on a long-term basis.


2. Delta Lloyd Asset Management N.V. does not intend to acquire any voting
  rights in Progress-Werk Oberkirch AG by means of a purchase or by any other
  means. The entities which are directly holding the voting rights in Progress-
  Werk Oberkirch AG intend to acquire further voting rights within the next
  twelve months by means of a purchase if they consider the market conditions
  as favourable. Under unchanged circumstances, such voting rights would again
  be attributable to Delta Lloyd Asset Management N.V.


3. Delta Lloyd Asset Management N.V. does not intend to exert an influence on
  the appointment or removal of members of the administrative, managing and
  supervisory bodies of Progress-Werk Oberkirch AG other than by exercise of
  the voting rights in elections to the supervisory board in shareholders'
  meetings.


4. Delta Lloyd Asset Management N.V. does not intend to achieve a material
  change in the capital structure of Progress-Werk Oberkirch AG, in particular
  not with regard to the ratio between equity and debt funding and the dividend
  policy.



DLAM Holding B.V.

1. The voting rights in Progress-Werk Oberkirch AG are held by Delta Lloyd L
  SICAV, Delta Lloyd Europees Deelnemingen Fonds N.V. and Delta Lloyd
  Levensverzekering N.V. and are attributable to DLAM Holding B.V. pursuant to
  section 22 (1) sent. 1 no. 6 in connection with sent. 2 and 3 WpHG. The
  investment of these entities in the shares of Progress-Werk Oberkirch AG is
  aimed at generating a trading profit on a long-term basis.


2. DLAM Holding B.V. does not intend to acquire any voting rights in Progress-
  Werk Oberkirch AG by means of a purchase or by any other means. The entities
  which are directly holding the voting rights in Progress-Werk AG intend to
  acquire further voting rights within the next twelve months by means of a
  purchase if they consider the market conditions as favourable. Under
  unchanged circumstances, such voting rights would again be attributable to
  DLAM Holding B.V.


3. DLAM Holding B.V. does not intend to exert an influence on the appointment
  or removal of members of the administrative, managing and supervisory bodies
  of Progress-Werk Oberkirch AG other than by exercise of the voting rights
  through its subsidiary Delta Lloyd Asset Management N.V. in elections to the
  supervisory board in shareholders' meetings.


4. DLAM Holding B.V. does not intend to achieve a material change in the
  capital structure of Progress-Werk Oberkirch AG, in particular not with
  regard to the ratio between equity and debt funding and the dividend policy.



Delta Lloyd N.V.

1. The voting rights in Progress-Werk Oberkirch AG are held by Delta Lloyd L
  SICAV, Delta Lloyd Europees Deelnemingen Fonds N.V. and Delta Lloyd
  Levensverzekering N.V. and are attributable to Delta Lloyd N.V. pursuant to
  section 22 (1) sent. 1 no. 6 in connection with sent. 2 and 3 WpHG as well as
  section 22 (1) sent. 1 no. 1 WpHG. The investment of these entities in the
  shares of Progress-Werk Oberkirch AG is aimed at generating a trading profit
  on a long-term basis.


2. Delta Lloyd N.V. does not intend to acquire any voting rights in Progress-
  Werk Oberkirch AG by means of a purchase or by any other means.  The entities
  which are directly holding the voting rights in Progress-Werk AG intend to
  acquire further voting rights within the next twelve months by means of a
  purchase if they consider the market conditions as favourable. Under
  unchanged circumstances, such voting rights would again be attributable to
  Delta Lloyd N.V.


3. Delta Lloyd N.V. does not intend to exert an influence on the appointment or
  removal of members of the administrative, managing and supervisory bodies of
  Progress-Werk Oberkirch AG other than by exercise of the voting rights
  through its subsidiary Delta Lloyd Asset Management N.V. in elections to the
  supervisory board in shareholders' meetings.


4. Delta Lloyd Asset Management N.V. does not intend to achieve a material
  change in the capital structure of Progress-Werk Oberkirch AG, in particular
  not with regard to the ratio between equity and debt funding and the dividend
  policy.


With regard to the source of the funds used for the acquisition of the voting
rights, we hereby notify you pursuant to section 27a (1) sent. 1, 4 WpHG in the
name and on behalf of Delta Lloyd Asset Management N.V., DLAM Holding B.V. and
Delta Lloyd N.V. that the acquisition was financed using own resources of Delta
Lloyd Levensverzekering N.V. and external financial means that have been raised
by Delta Lloyd Europees Deelnemingen Fonds N.V and Delta Lloyd L SICAV in order
to finance the acquisition of the voting rights.


Oberkirch, June 5, 2012

Progress-Werk Oberkirch AG

The Executive Board


Further inquiry note:
Bernd Bartmann (CFO)
Phone: +49 7802 / 84-347
Fax: +49 7802 / 84-789
e-Mail:  	bernd.bartmann@progress-werk.de

end of announcement                               euro adhoc 
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issuer:      Progress-Werk Oberkirch AG
             Industriestraße 8
             D-77704 Oberkirch
phone:       +49(0)7802 84-0
mail:         info@progress-werk.de
WWW:         http://www.progress-werk.de
sector:      Automotive Equipment
ISIN:        DE0006968001
indexes:     
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

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