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PCC is one of the first European Stock Corporations (SE) created by way of transformation

06/02/2007

The international company PCC AG with its domicile in Duisburg, which concerns itself with chemicalproduction, logistics and trade, has transformed itself as one of the first companies (after MAN B& W Diesel AG) into a European Stock Corporation (SE). CMS Hasche Sigle advised the companygroup, which is represented in 17 countries and with almost 4000 employees last generated turnoverof approx. EUR 860 million, on this step. Following the registration which took place yesterday theholding of the PCC Group is now called PCC SE.

In addition to the introduction of a monistic management structure the change of legal formgives PCC the possibility to adjust its company form to the international character of its groupand to do justice to its European flair. It is expected that cross-border activities will besimplified as a result.

The procedure to involve the employees necessary for transformation of the company which wascarried out in Germany and in six further eastern European companies was concluded within just fourweeks. The team led by the Düsseldorf partner Dr Dirk Jannott was assisted by the offices of theCMS Alliance in Warsaw, Prague, Bratislava and Budapest.

Advisers to PCC

CMS Hasche Sigle

Dr Dirk Jannott (Corporate/Lead Partner)

Dr Marcel Hagemann (Corporate)

Dr Rainer Kienast (Employment)

Andreas Josupeit (Employment)

Contact CMS Hasche Sigle:

Dr Dirk Jannott
Tel.: +49 (0) 211 4934-405
E-mail: [email protected]

About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 450 lawyers. It coversthe entire area of commercial law and provides legal advice to major German and internationalcompanies from a wide spectrum of industry. CMS Hasche Sigle operates at all the major businesscentres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich,Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / listof partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms.With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staffwe advise our clients at commercial locations in 47 business centres in Europe and further afieldon legal and tax issues.

Local strength, legal and tax advice tailored to the requirements of the market combined witha substantial amount of business and organisational integration form the basis for high-qualityinternational legal advice.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance:CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMSBureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium),CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMSReich-Rohrwig Hainz (Austria). CMS has 57 offices in 23 countries in Western and Central Europe,North and South America, Asia and North Africa.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see http://www.cmslegal.com.