BAUER Aktiengesellschaft / Key word(s): Joint Venture/Alliance 10.12.2015 07:37 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Schrobenhausen - On December 09, 2015, BAUER Maschinen GmbH, an affiliated company of BAUER AG (ISIN: DE005168108), finalized negotiations for a joint venture with Schlumberger, the world's leading supplier of technology, integrated project management and information solutions for customers in the oil and gas industry. It was agreed that Schlumberger would contribute 49 % through a cash capital increase to each of two companies of the BAUER Group, BAUER Deep Drilling GmbH with its registered office in Schrobenhausen, Germany, and BAUER Manufacturing LLC with its registered office in Conroe, USA. In the joint venture, large drilling rigs for use with in the oil, gas and geothermal sectors will be developed and manufactured for Schlumberger and third parties. Two drilling rigs that are already under manufacture will be delivered to Schlumberger at the start of 2016. Further machinery orders of Schlumberger for the upcoming year shall be finalized in the next few weeks. Both companies anticipate that the planned joint venture could soon achieve revenues of more than one hundred million euros and open up great opportunities for the future. Additional information: ISIN: DE0005168108, Bloomberg B5A Official market / Prime Standard; Frankfurt Stock Exchange Contact: Christopher Wolf Investor Relations BAUER Aktiengesellschaft BAUER-Strasse 1 86529 Schrobenhausen, Germany Phone: +49 8252 97-1797 Fax: +49 8252 97-2900 [email protected] www.bauer.de 10.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: BAUER Aktiengesellschaft BAUER-Straße 1 86529 Schrobenhausen Germany Phone: +49 (0)8252 97 1218 Fax: +49 (0)8252 97 2900 E-mail: [email protected] Internet: www.bauer.de ISIN: DE0005168108 WKN: 516810 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------