Daimler Trucks Examining Possibility of Acquiring a Stake in Russian Truck Maker Kamaz

Daimler AG / Strategic Company Decision

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• Daimler exclusive negotiating partner of Troika Dialog in talks to   acquire 42% of the shares in Kamaz
• Russia is already Europe’s biggest truck market
Stuttgart – As part of its growth strategy for the BRIC countries, Daimler Trucks is currently examining various possibilities for entering the Russian volume market. Along with the option of building a new factory for local assembly of Daimler Trucks, the division is also studying the possibility of acquiring a stake in the Russian truck manufacturer Kamaz that would enable the two companies to combine their development, production, and sales expertise. Daimler would bring in the technological know-how of the global industry leader, while Kamaz has the production facilities, sales structures, and a good network in Russia.  
In the second quarter of 2008, Daimler had started negotiations with the investment company 'Troika Dialog', which would like to sell 42% of the shares in Kamaz. In a bidding process with diverse Western OEMs involved, Daimler was then chosen as the exclusive negotiating partner. Shortly after that Daimler started a due diligence in order to evaluate all relevant factors for a possible company participation.

A final decision on Daimler Trucks’ strategy for Russia is expected to be made by the end of this year.

Further information from Daimler is available on the internet at: www.media.daimler.com

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About Daimler
Daimler AG, Stuttgart, with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a globally leading producer of premium passenger cars and the largest manufacturer of commercial vehicles in the world. The Daimler Financial Services division has a broad offering of financial services, including vehicle financing, leasing, insurance and fleet management. Daimler sells its products in nearly all the countries of the world and has production facilities on five continents. The company’s founders, Gottlieb Daimler and Carl Benz, continued to make automotive history following their invention of the automobile in 1886. As an automotive pioneer, Daimler and its employees willingly accept an obligation to act responsibly towards society and the environment and to shape the future of safe and sustainable mobility with groundbreaking technologies and high-quality products. The current brand portfolio includes the world’s most valuable automobile brand, Mercedes-Benz, as well as smart, AMG, Maybach, Freightliner, Sterling, Western Star, Mitsubishi Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges in Frankfurt, New York and Stuttgart (stock exchange abbreviation DAI). In 2007, the Group sold 2.1 million vehicles and employed a workforce of over 270,000 people; revenue totaled €99.4 billion and EBIT amounted to €8.7 billion. Daimler is an automotive Group with a commitment to excellence, and aims to achieve sustainable growth and industry-leading profitability. 25.07.2008  Financial News transmitted by DGAP

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