28/05/08

Investigation of Tax Offenses Terminated

Künzelsau. At the end of the preliminary investigation by the public prosecutor Stuttgart at the local court in Heilbronn in connection with tax affairs the persons concerned of the Würth Group have accepted the orders of summary punishment or the discontinuation of the proceedings subject to conditions respectively. With this, the corresponding procedure is closed. Background is the preliminary investigation concerning six managers of the company which was instituted by the public prosecutor Stuttgart in 2006.

The public prosecutor and the fiscal authorities had accused the persons concerned of having made incorrect statements about the allocation of costs within the group as well as about further company-related processes. Among other things, the Würth Group had reported about the state of the procedure at its press conference on the annual financial statement in 2007.

As a result of the procedure three of the persons charged with an offense will accept a fine. The proceedings against three further persons charged with an offense were discontinued according to section 153 a of the Code of Criminal Procedure against the imposition of a fine. The Würth Group and the fiscal authorities have come to an agreement regarding the controversial questions referring to the years between 1998 and 2004 and about the tax impacts within the framework of the taxation procedure.

Prof. Dr. h. c. mult. Reinhold Würth said about the procedure which is now terminated: “After careful consideration I have declared my readiness to assume the responsibility for the obviously controversial and complex questions regarding the taxation of the Würth Group. I thus protect my company against the burdensome impacts of long procedures and conflicts in the public.”

All procedures and open questions are finally settled with that.