FUCHS: change on the supervisory board and stock split
The executive and supervisory boards will also be proposing to the AGM a resolution on a capital increase from corporate funds without issuing new shares, and a subsequent re-apportionment of the nominal capital by a stock split in a ratio of 3 to 1. In the company's estimation, the stock split will increase the attractiveness of FUCHS PETROLUB's shares, particularly for private investors. As a consequence of the measure proposed, each of our company's ordinary and preference shareholders would then receive, instead of one non-par value share representing a value of € 26, three shares corresponding to a calculated value of € 9 each.
Mannheim, 23 April 2003
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
D-68169 Mannheim
Tel.: +49 (0) 621 3802-104
The press release is also available on the internet under www.fuchs-oil.de.