Change in Executive Board of MAN Ferrostaal AG

29.07.2005 -

Dr.-Ing. Wolfgang Knothe (48) has been appointed by the Supervisory Board of MAN Ferrostaal AG as a new member of the Executive Management Board with effect from 1 October 2005. He will take over the position of Dr.-Ing. Axel Wippermann (65), who is retiring from the Executive Management Board of MAN Ferrostaal AG on 31 December 2005. As of 1 January 2006, Dr. Knothe will assume responsibility for the Industrial Projects and Contracting Division.

After studying mechanical engineering and taking his doctorate at Aachen Technical University, Dr. Knothe began his career at Uhde GmbH (today part of ThyssenKrupp AG). Subsequently, he was a managing director at DSD Dillinger Stahlbau GmbH with responsibility for its Industrial Fitting and Plant Engineering Services in Latin America, Asia and Africa, and at Lurgi Öl-Gas-Chemie GmbH with responsibility for Technology, Operations and Engineering. Most recently, he worked as a project director for international companies.

With 4,700 employees and sales of EUR 3.2 billion (2004), MAN Ferrostaal AG, Essen, is the service company of the MAN Group for investments in industry and infrastructure. With its business areas Industrial Projects and Contracting, Industrial Equipment and Systems, and Materials and Supply Chain Solutions, MAN Ferrostaal is a worldwide partner for customers in more than 60 countries.

MAN Ferrostaal is a subsidiary of MAN Aktiengesellschaft, Munich. With annual sales of around EUR 15 billion and a workforce of 60,000 people, the MAN Group is one of Europe's leading engineering companies and a member of the German DAX 30 share index.

About MAN Ferrostaal AG:

MAN Ferrostaal is a worldwide supplier of industrial services for the construction of large-scale industrial plants and machine supply. As a general contractor for plant construction, the company offers project development, project management and financing solutions for turnkey plants in the areas of solar thermal power plants as well as biofuels, petrochemical and industrial plants. In ccoperation with manufacturers of machines and production lines, MAN Ferrostaal offers sales and services in the areas of automotive industries, print and packaging, piping, ships and transport solutions. With 4,200 employees MAN Ferrostaal is represented in more than 60 countries. The company achieved a turnover of EUR 1.4 billion in 2007.

MAN Ferrostaal is a subsidiary of MAN Aktiengesellschaft, Munich. The MAN Group is one of Europe’s leading manufacturers of engineering equipment and vehicles, generating annual sales of around EUR 16 billion. MAN supplies products, systems and services to the capital goods industry and employs approx. 55,000 people worldwide. The core areas operated by the MAN Group, Commercial Vehicles, Industrial Services, Diesel Engines and Turbomachines, all hold leading positions in their markets. MAN is a member of the DAX German Share Index, Germany’s top 30 public limited companies.