Komax Holding AG (VTX:KOMN) Komax Group: Introduction Of Short-time Working

Komax Holding AG (VTX:KOMN) Komax Group to introduce short-time working to its wire processing machines activities at Dierikon as of January 2009.

In response to the changed economic situation, the Komax Group will be introducing short-time working to its wire processing machine activities at its Dierikon site as of January. The move will affect employees in Production and Logistics. The Group supplies a large proportion of its machines for wire processing and wire harness production to the automotive industry, the household appliances market and electronics market. Komax generates approximately 40 percent of its sales in the automotive industry.

Since November the Komax Group has experienced a sharp drop in the number of orders for new machines placed by the automotive industry, which has been particularly hard hit by the downturn. Despite the current drop in orders, Komax expects a good result for 2008 from its wire processing business. However, a drop of 20 to 30 percent should be expected in 2009.

In addition to its wire processing business, Komax produces assembly systems for the photovoltaic and medical technology industries. Both these areas continue to perform well.

The preliminary results for 2008 will be published on 20 January 2009.

Background information on the Komax Group The Komax Group, founded in 1975 and headquartered in Dierikon/Lucerne, Switzerland, is one of the top global providers of wire processing systems and assembly automation equipment. The Komax Group operates production facilities in Switzerland, Portugal, France, the United States, Malaysia and China. It also maintains a distribution and service network spanning the entire globe. Its primary markets are the automotive industry, medical technology and photovoltaics, as well as the domestic appliance and office equipment sectors.

Contact:

Komax Holding AG Direct dial +41 41 455 06 16 Dominik Slappnig Fax +41 41 450 10 24 Head of Investor Relations & dominik.slappnig@komaxgroup.com Corporate Communications www.komaxgroup.com



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Komax Holding AG

http://www.komax.ch

ISIN: CH0010702154

Stock Identifier: XSWX.KOMN

US: Other OTC:KMAAF