Fuchs Petrolub starts share buy back program

The General Assembly of Fuchs Petrolub AG authorized the company to buy back up to 10% of its ordinary and preference shares by November 1, 2008. Fuchs Petrolub AG, the worlds largest independent lubricant manufacturer, reported net profits of 27 million (US$33.9 million) in the first quarter of 2007, a 39% increase over the year-ago period. Due to the unchanged robust equity position of Fuchs and the positive profit and cash flow which has continued into the first quarter of 2007, the Executive Board of the company has decided, with the approval of the Supervisory Board, to start with the share buy back program on May 10. At the current market price of the shares, this indicates an amount of about of 170 million (US$213.7 million). (May 2, 2007)