Buderus Expands European Specialty Steel Activities.

WETZLAR, Germany--(BUSINESS WIRE)--Oct. 9, 1998--Buderus AG, the Germany-based heating and specialty products group, announced today that its Specialty Steel Division has acquired Deville Rectification S.A., Pont Salomon, France. With this acquisition, Buderus widens its specialty steel activities, adding new products and services.

Deville Rectification S.A. manufactures and distributes machined and ground specialty steel plates for the mold making industry. In the 1997/98 fiscal year (ended August 31), revenues were DM 55 million and a pre-tax profits of DM 7 million was achieved. Deville employs more than 180 employees.

The Buderus Specialty Steel Division, a leading producer of Tool Steel for the plastic mold industry, will market the Deville product line globally through a specialized, highly-trained sales and marketing organization. With its strategy "Complete Tool Steel Service from One Single Source", Buderus is offering additional benefits to its customers and gaining economical synergies in production and distribution.

Information on Buderus, a world leader in heating, specialty steel products and castings is available on Bloomberg under the symbol BUD GR and on Reuters under BUDG.O. Additional information is available on Buderus Group AG's home page: http://www.buderus.de