Daimler AG and Rolls-Royce Group plc and Engine Holding GmbH have confirmed in a written agreement that they will increase the price of their offer for MTU-parent Tognum AG by an additional 8.3 percent to EUR 26.00 per share. In addition the written agreement contains declarations of intent concerning the continuation of the cornerstone agreement, the composition of the supervisory board and the current as well as the already communicated future composition of the management board. The letter also contains statements on the investment agreement and the shareholder agreement between the shareholders of the bidder as well as on the potential purchase of the fuel cell business.

The executive board and the evaluation committee of the supervisory board of Tognum AG established for purposes of the tender offer has already deliberated on the amended offer in an extraordinary meeting on Sunday. May 15. In principal, both bodies welcome the increased offer subject to a final examination. Executive board and supervisory board will issue a supplementary statement pursuant to section 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG) in due course after the publication of the amended offer.

All members of the executive board and the supervisory board holding Tognum shares declared in the meeting Sunday that they will tender their shares subject to the issuance of a positive supplementary statement .

May 17, 2011