Daimler AG and Rolls-Royce Group plc joint venture welcomes Tognum's endorsement of its revised offer

Daimler AG and Rolls-Royce Group plc, through their 50:50 joint venture, are pleased to have reached an agreement with Tognum AG concerning their voluntary public takeover offer for all Tognum shares. The offer price for Tognum will be increased by € 2 to € 26 per share. In addition, the acceptance threshold for the bid will be reduced to 30 per cent, from the 50 per cent plus one share originally stated in the offer document. These adjustments re-affirm the strong commitment by both Rolls-Royce and Daimler to a long-term collaboration with Tognum. Due to the change of the offer, and in accordance with German takeover laws, the acceptance period will automatically be extended by two weeks to June 1, 2011. These changes to the offer document will be formally effected tomorrow by publication on www.engineholding-angebot.de as well as in the Electronic Federal Gazette.

Tognum´s Executive Board and the Supervisory Board welcome the increased offer and all members of the Executive Board and the Supervisory Board holding Tognum shares declared that they will tender their shares into the offer. This is subject to a confirmation of the support in a supplementary statement pursuant to section 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG), which will be published in due course after the publication of the amended offer.

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