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Rheinmetall AG: Rheinmetall's Bremen subsidiary accepts imposition of fine

Rheinmetall AG  / Key word(s): Legal Matter

10.12.2014 17:01

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Rheinmetall Defence Electronics GmbH (RDE), a Bremen-based subsidiary of
Rheinmetall AG, will accepted a fine imposed by the senior prosecutor in
Bremen. The decision comes in the wake of a meeting of the Executive and
the Supervisory Board of Rheinmetall AG. This brings to an end criminal
proceedings relating to the allegation that unauthorized payments were made
during arms deals in Greece by a representative of the company in that
country. During the legal proceedings, RDE was accused of failing to detect
and prevent suspicious payments to sales partners due to inadequate
internal controls. The total fine amounts to EUR 37.07 million. The portion
of this amount allocated to the confiscation of profits, which can be
applied towards tax, comes to EUR 36.77 million.

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Language:     English
Company:      Rheinmetall AG
              Rheinmetall Platz 1
              40476 Düsseldorf
Phone:        +49 (0)211 473-4718
Fax:          +49 (0)211 473-4157
E-mail:       franz-bernd.reich@rheinmetall.com
Internet:     www.rheinmetall.com
ISIN:         DE0007030009
WKN:          703000
Indices:      MDAX
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, München, Stuttgart; Freiverkehr in
End of Announcement                             DGAP News-Service