Balda Aktiengesellschaft

ots Ad hoc-Service: BALDA AG Balda AG with big order from Siemens
start of production in China

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Bad Oeynhausen (ots Ad hoc-Service) - The company Balda AG listed on the Capital New Market of the Frankfurt Stock Exchange House being given on order with over DM 100 Millionen by Siemens AG for the business year of 2001 for producing mobile telefone components. Balda is just about to complete a joint venture with a Chinese partner for the building of a factory in China. This factory near Shanghai will be equiped with the latest technology From January on and will commence production in the second half of 2001. The production of Balda agreed enclose cooperation with a major client is intended for the chineese market.

    The system supplier of handy equipment calculates on the basis of the day to day order position in year 2001 with sales returns of 200 Million Euros including the new big order, in year 2002 with about 300 Millionen Euros.

    The german company has also completed the design and construction of a new kind of internal aerial for the handy equipment. The innovative product has already tested and accepted by two customers. In year 2001 the new production facilities will have been completed. The new product will be reflected in the 2002 sales figures. The company also expect in this year additional sales returns with a new back-sprayed membrane keyboard for one of its big customers. In addition, Balda has received an order to design a cordless headset for handy equipment from a new customer, "Blue Tooth-Technology", which will lead to further sales in 2002.

    Balda is confident that after 1999 it will achieve sales of 60 Mil linn Euros and sales propably 153 Million Euros in the current business year, and in the years 2001 and 2002 a projected - above average and profitable expansion.

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