Porsche Automobil Holding SE: Syndicate of banks has offered Porsche Automobil Holding SE to underwrite the capital increase at a subscription price of EUR 38 per new share


Porsche Automobil Holding SE / Key word(s): Capital Increase/Miscellaneous

25.03.2011 22:28

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN.

Syndicate of banks has offered Porsche Automobil Holding SE to underwrite
the capital increase at a subscription price of EUR 38 per new share

A syndicate of banks has today undertaken vis-à-vis Porsche SE, under
certain conditions, to underwrite all new ordinary and preferred shares to
be issued in connection with the implementation of the capital increase
resolved by the general shareholders' meeting on 30 November 2010 with
intended gross proceeds of up to EUR 5 billion and to offer such new shares
by way of an indirect subscription right to the shareholders of Porsche SE
at a subscription price of EUR 38 per new share. All holders of ordinary
shares of Porsche SE have indicated their consent to such subscription
price and have undertaken to exercise their subscription rights with
respect to the new ordinary shares. The executive board and the supervisory
board of Porsche SE have not yet resolved on the subscription price and the
details of the implementation of the capital increase. Such decision is
planned for Sunday, 27 March 2011.




Information and Explaination of the Issuer to this News:

This publication constitutes neither an offer to sell nor a solicitation to
buy securities. The offer will be made solely by means of, and on the
basis of, a securities prospectus which is to be published.

This publication constitutes neither an offer of securities for sale nor a
solicitation of an offer to purchase securities in the United States,
Germany or any other jurisdiction. The shares (the 'Shares') of Porsche
Automobil Holding SE (the 'Company') may not be offered or sold in the
United States absent registration or an exemption from registration under
the U.S. Securities Act of 1933, as amended. The Company does not intend
to register any portion of the offering in the United States or to conduct
a public offering of Shares in the Company in the United States.


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN.

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Language: English
Company: Porsche Automobil Holding SE
Porscheplatz 1
70435 Stuttgart
Deutschland
Phone: +49 (0)711 911-11000
Fax: +49 (0)711 911-26375
E-mail: info@porsche.de
Internet: www.porsche-se.com
ISIN: DE000PAH0038
WKN: PAH003
Listed: Regulierter Markt in Berlin, Frankfurt (General Standard),
München, Stuttgart; Freiverkehr in Düsseldorf, Hamburg,
Hannover; Terminbörse EUREX

End of Announcement DGAP News-Service