Ad hoc: Progress-Werk Oberkirch AG: PWO increases the dividend

Progress-Werk Oberkirch AG / Dividend / PWO increases the dividend Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement.
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-------------- Oberkirch, 20 March 2008 - The Management of Progress-Werk Oberkirch AG has decided today to propose to the Supervisory Board in the meeting for the adoption of financial statements an increase of the dividend per share for the Fiscal Year 2007 to EUR 1.30. For the Fiscal Year 2006 a dividend of EUR 1.20 was distributed. With the proposal to raise the dividend management confirms its strategy to position the PWO share on the capital market as an investment offering attractive yield. The Annual Report 2007 will be released on 10 April 2008. The Annual General Meeting will take place on 20 May 2008. Progress-Werk Oberkirch AG The Management Board Contact: Progress-Werk Oberkirch AG Bernd Bartmann MoB Administration/Finance Phone: +49 (0) 7802 / 84-347 Fax: +49 (0) 7802 / 84-789 e-Mail: bernd.bartmann@progress-werk.de www.progress-werk.de --- End of Message --- Progress-Werk Oberkirch AG Industriestrasse 8 Oberkirch WKN: 696800; ISIN: DE0006968001; Index: CLASSIC All Share, Prime All Share, CDAX; Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Düsseldorf, Amtlicher Markt in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover;