WOLF THEISS ADVISES SCHOLZ GROUP IN BOND ISSUE

Vienna, 28 March 2012 – WOLF THEISS advised the Scholz Group, a global leader in steel and non-ferrous scrap metal recycling, and the joint bookrunners in the placement of a corporate bond by Scholz AG.

The Scholz Group has announced their successful placement of a corporate bond issuance of EUR 150 million in Germany, Austria and neighboring countries. Owing to the strong demand among institutional as well as private investors, the subscription period closed early. The five-year bond carries an annual interest rate of 8.5% .

In this transaction, Wolf Theiss served as lead advisor to the Essingen-based recycling group and to the joint bookrunners Erste Group Bank AG and Raiffeisenbank International. Partner Claus Schneider, who managed the transaction on behalf of Wolf Theiss notes: "The Scholz AG bond is the first bond of this size of a German company to focus expressly on the Austrian bond market. It is a clear indication that this form of financing is appealing in Austria and to foreign companies."

In addition to Claus Schneider, Scholz AG was advised by Wolf Theiss Senior Associate Alexander Haas. His take on the project: "Our experience in managing bond issues, excellent cooperation with banks and optimized work processes allowed us to assist Scholz AG in a precedent-setting corporate bond issuance and helped to distinguish us as reliable partners in capital market transactions." Berenberg Bank and Close Brother Seydler Bank AG acted as joint lead managers.

With more than 7,500 employees at locations in over 20 countries, the Scholz Group generated a total turnover of approx. EUR 5.4 billion in 2011. The core markets of the Scholz Group are Germany, Austria (with 16 locations), Southeastern Europe and North America.

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