The Demo Site

HANOVER, Germany - January 9, 2009 - The takeover offer of Schaeffler KG for Continental AG has been completed: According to Schaeffler KG, it paid the offer price of €75.00 for the tendered Continental shares on Thursday, as provided for in the investment agreement concluded with Continental. With the payment, the investment agreement safeguarding the interests of Continental AG and its shareholders, employees and customers goes into full effect. The European Commission gave clearance for Schaeffler to go ahead with plans to buy into Continental AG on December 19, 2008.