German Financial Times reported today ...

08.02.08

The German Financial Times reported today that Sterling Fluid Systems is subject to a sale and that the investment bank J.P. Morgan has been instructed to find a buyer for the business. The article in the German Financial Times was not authorized by Sterling Fluid Systems B.V. nor by its owner, TBG Holdings NV (TBG).

TBG has confirmed that J.P. Morgan has recently been engaged to evaluate strategic options for TBG, the shareholder of Sterling Fluid Systems.

Sterling SIHI has generated strong growth in the past 3 years. The further strategic growth of Sihi requires significant financial resources and therefore management welcomes this initiative as it continues to develop and grow Sterling SIHI.

TBG, Sterling Fluid Systems and management will inform the European works council as well as the local employee representatives with respect to the further process in a timely manner.

Statement of Jürgen Arnold – President Sterling Sterling Fluid Systems