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19 April 2006

Pfleiderer Gets a New Company Name – RAIL.ONE

Effective on 13 April, Axa Private Equity will become the new owner of Pfleiderer track systems. The company AXA Private Equity, founded in 1996, is a subsidiary of AXA Investment Managers, with offices in Paris, Frankfurt, London, New York and Singapore. AXA Private Equity specialises in investment in companies not listed on the stock exchange. As part of the sale of business activities to AXA Private Equity, Pfleiderer track systems will change its corporate name to RAIL.ONE GmbH.

The management of RAIL.ONE GmbH will include the following: Richard Ziegler (CEO), Hans Bachmann and Gerhard Binner.

For Richard Ziegler, CEO of the Board of Management of RAIL.ONE GmbH, the new independence of the company represents its launch into a promising future: "We can now continue to expand our potential as a flexible, medium-sized company, and to respond even faster to the requirements of our customers and of the market in general."

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