IFCO SYSTEMS N.V. successfully concluded comprehensive refinancing

Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- IFCO SYSTEMS N.V. today successfully refinanced its debt structure by placing a new senior secured bond with institutional investors at an aggregate principal amount of EUR 200 million at 10.00% p.a. at a price of 95.75% with a maturity on June 30, 2016 and by extending its Revolving Credit Facility ("RCF") with the existing banking consortium (Deutsche Bank, Fortis, Landesbank Baden-Württemberg) at an amount of EUR 65 million for another three years until May 29, 2012. The bond proceeds will be used to redeem IFCO SYSTEMS N.V.'s existing EUR 110 million bond, to pay down amounts outstanding under the RCF with EUR 50 million, to escrow amounts for payment of the STECO vendor note due in June 2010 resulting from the acquisition of STECO in 2008 and cover the redemption premium and fees. The rating agencies Standard & Poor's and Moody's confirmed IFCO SYSTEMS's rating of BB- / Ba3 and changed the outlook from negative to stable. IFCO SYSTEMS N.V. intends to list the bond on the official list of the Luxembourg Stock Exchange for admission to trading on the Euro MTF. The book runner of the issue was Deutsche Bank AG, London branch. Karl Pohler CEO of IFCO SYSTEMS stated: "We are very proud to conclude the refinancing of our company in a very difficult financial market environment. This underlines the confidence of the financial community in our company, its robust business models and our future growth potential. The total refinancing has set an excellent financial platform providing significant liquidity headroom to take advantage of the enormous growth potential for reusable packaging solutions in front of us." This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect Management's current view with respect to future events. All statements contained in this release that are not clearly historical in nature or necessarily depend on future events are forward-looking. The words "anticipate", "believe", "expect", "estimate", "planned" and similar expressions are generally intended to identify forward-looking statements. These statements are based on current expectations, estimates and projections of the Management on currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict and are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause the actual results, performance or achievements to be materially different from those that may be expressed or implied by such statements. We do not intend or assume any obligation to update the forward-looking statements contained in this release, which speaks only as of the date on which it is made. Disclaimer This announcement does not constitute or form any part of an offer to sell or a solicitation to purchase securities in the United States. The bond of IFCO SYSTEMS N.V. (the "Securities") have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Securities may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from registration. There will be no public offering of the Securities in the United States. This announcement and the information contained herein are not for publication, distribution or release in/or into the United States. About IFCO SYSTEMS IFCO SYSTEMS is an international logistics service provider with more than 210 locations worldwide. IFCO SYSTEMS operates a pool of more than 96 million Reusable Plastic Containers (RPCs) globally, which are used primarily to transport fresh produce from producers to leading grocery retailers. In the United States, IFCO SYSTEMS also provides a national network of Pallet- Management-Services. With more than 125 million sorted, repaired and reissued wooden pallets annually, IFCO SYSTEMS is the market leader in this industry. In 2008, IFCO SYSTEMS generated revenues of 735.9 million USD. IFCO SYSTEMS Michael W. Nimtsch Chief Financial Officer Zugspitzstr. 7 82049 Pullach Tel +49 89 744 91 121 Michael.Nimtsch@ifco.de www.ifcosystems.com --- End of Message --- IFCO Systems N.V. Zugspitzstraße 7 Pullach WKN: 157670; ISIN: NL0000268456 ; Index: CLASSIC All Share, Prime All Share; Listed: Freiverkehr in Bayerische Börse München, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Düsseldorf, Prime Standard in Frankfurter Wertpapierbörse, Regulierter Markt in Frankfurter Wertpapierbörse;