Press release
WashTec defines target for future return-rate of around 40%

- Strong increase in earnings and constantly high generation of cashflows allows shareholder-friendly return policy

- Pinpointed expansion to growth-sectors and -regions will be continued

Augsburg, February 17, 2011 - WashTec, the leading supplier of innovative solutions for the carwash business worldwide, today defined its future return policy.

WashTec will from now on position itself - to a greater extent than before - as a value oriented title with an attractive return policy. WashTec's strategy furthermore includes to strengthen its market position worldwide and to generate a moderate growth in revenues while maintaining a conservative leverage. WashTec defines a conservative leverage as a ratio of EBITDA to net liabilities to banks + finance lease below 1. Subject to these conditions, WashTec plans to constantly distribute around 40% of the annual net income to its shareholders either in the form of dividends and / or in the form of share buy backs.

The proposal for the appropriation of the distributable profit to the annual general meeting for fiscal year 2010 - scheduled for May 05, 2011 - will include a dividend following this policy. Thus, the dividend for the last fiscal year should be much higher than the 0.12 EUR paid for fiscal year 2009

On February 4, WashTec has - based on preliminary figures - announced an increase in revenues of around 5% to EUR 268.4m and earnings before interest and taxes (EBIT) of EUR 20.3m (+55%) for fiscal year 2010. Accordingly, the company was also able to significantly increase net cashflow, which led to a reduction of the net finance debt from EUR 37.0m to EUR 26.6m. Gearing - defined as the ratio of net finance debt to equity - sank from 0.43 to 0.28, which is a low number for an industrial company. WashTec aims at a further improvement of the EBIT-margin to 8% - 9% for 2011.

About WashTec:
The WashTec Group, with its headquarters in Augsburg, Germany, is the leading supplier of innovative solutions for the carwash business worldwide. WashTec employs more than 1,600 people around the world and has its own subsidiaries in the European core markets, the US and Canada as well as in China and Australia. Furthermore, WashTec is represented in around 60 countries by independent sales partners.

Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg

Tel.: +49 (0)821 - 55 84 - 0
Fax: +49 (0)821 - 55 84 - 1135