IFCO SYSTEMS N.V. starts roadshow in the context of secondary public offering

6 mei 2010 IFCO Systems N.V. / IFCO SYSTEMS N.V. starts roadshow in the context of secondary public offering processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN. IFCO SYSTEMS N.V. starts roadshow in the context of secondary public offering ·         Offering will comprise up to approximately 33.7 million shares ·         Price range of EUR 10.50 to EUR 13.50 ·         Final offering price will be determined on the basis of a bookbuilding process Amsterdam / Pullach, 6 May 2010 - IFCO, a leading global business service provider in the field of Reusable Packaging Solutions and Pallet Management Services will begin marketing up to 33.7 million of its existing shares today, 6 May 2010. Funds advised by Apax Partners ("Apax Funds") intend to sell up to approximately 29.3 million shares held by Island International Investment Limited Partnership in IFCO Systems N.V. Further shares of up to 4.4 million may be sold through an over-allotment option granted to the Joint Global Coordinators and Joint Bookrunners. The price range for the offering is EUR 10.50 to EUR 13.50. The offering will consist of a public offer in Germany and the Netherlands as well as a private placement to institutional investors in certain other jurisdictions, including the U.S. The start of the offering period is subject to the approval of the prospectus by the Dutch financial supervisory authority, Autoriteit Financiële Markten (AFM) and notification to the German federal financial supervisory authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) which is expected for today, 6 May 2010. "Following a very strong year in 2009 and an excellent first quarter in 2010, we believe we are well positioned to achieve significant growth in each of our markets." said Karl Pohler, CEO of IFCO. "Additionally, we believe that a wider shareholder structure and greater visibility on the capital market will be beneficial to IFCO in the long term." IFCO, which has its European headquarters in Pullach, near Munich, is a worldwide leading business service provider for reusable packaging solutions and pallet management services. Its reusable packaging solutions are used to transport fresh goods (e.g. fruit and vegetables) directly from the producer to wholesalers and retailers. In order to provide this service, IFCO operates a pool of over 102 million Reusable Plastic Containers (RPCs) in Europe, the U.S., South America, South Africa and Japan. IFCO offers a closed circulation system from delivery to the producers/growers right through to collection from the retailers and cleaning of the RPCs. In addition, IFCO operates Pallet Management Services at 157 locations all over North America. With a total of 200 million pallets being sorted, repaired and reintroduced into the supply chain each year, IFCO has established itself as the nationwide market leader. Assuming the placement of all 33.7 million shares offered, the stake held by Island International Investment Limited Partnership in IFCO will be reduced from its current level of 88.9% to 26.7% of the shares. Upon completion of the offering, the free float could increase up to more than 70% of the shares. BofA Merrill Lynch and Deutsche Bank are acting as Joint Global Coordinators and Joint Bookrunners in the context of the transaction. The complete prospectus for the public offer, including the offering period as well as further details of the offering, will be available on the company website at www.ifcosystems.com after approval by the Dutch financial supervisory authority, Autoriteit Financiële Markten. Contact IFCO SYSTEMS N.V. Mirko Wollrab Tel.: +49 69 5060375-62 Mob.: +49 172 6733826 Email: Mirko.Wollrab@cnc-communications.com Nicholas Wenzel Tel.: +49 89 599458-115 Mob.: +49 172 8319266 Email: Nicholas.Wenzel@cnc-communications.com Additional Information IFCO is a worldwide leading business service provider of reusable packaging solutions and pallet management services with more than 210 locations worldwide. IFCO operates a pool of over 102 million Reusable Plastic Containers (RPCs) globally, which are used primarily to transport fresh produce from growers to leading grocery retailers. In the United States, IFCO also provides a national network of pallet management services. IFCO is the market leader in this industry with almost 200 million pallets sorted, repaired and recycled annually. WORLDWIDE RESPONSIBILITY is an IFCO initiative, under which IFCO not only continues to assume its social and environmental responsibility but, working with strong project partners, expands its sphere of responsible activities. With the initiative's first social-engagement project, IFCO supports Food Banks worldwide in their honorable effort to provide food to the needy through the provision of reusable containers and by co-financing delivery vehicles. The contents of this announcement have been prepared by and are the sole responsibility of IFCO Systems N.V. This press release does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, South Africa or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Securities referred to herein may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, South Africa or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada, South Africa or Japan. There will be no public offer of the securities in the United States. This press release is an advertisement and not a prospectus. Investors should not purchase or subscribe for any shares referred to in this press release except on the basis of information in the prospectus to be issued by the company in connection with the offering of such shares. Copies of the prospectus will, following publication, be available free of charge from IFCO Systems N.V., Strawinskylaan 3051, 1077 ZX Amsterdam, The Netherlands or on IFCO's website (www.ifcosystems.de). This press release is directed at and/or for distribution in the United Kingdom only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as "relevant persons"). This press release is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this press release or any of its contents. Any investment or investment activity to which this press release relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "potential projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect IFCO's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to IFCO's business, results of operations, financial position, liquidity, prospects, growth and strategies. Forward-looking statements speak only as of the date they are made. Each of Deutsche Bank and Merrill Lynch International and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this press release whether as a result of new information, future developments or otherwise. Deutsche Bank and Merrill Lynch International, each of which is authorised and regulated in the United Kingdom by the FSA, are acting exclusively for IFCO and no one else in connection with the offer described in this press release (the "Global Offer"). They will not regard any other person as their respective clients in relation to the Global Offer and will not be responsible to anyone other than IFCO for providing the protections afforded to their respective clients, nor for providing advice in relation to the Global Offer, the contents of this press release or any transaction, arrangement or other matter referred to herein. None of Deutsche Bank, Merrill Lynch International, or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this press release (or whether any information has been omitted from the press release) or any other information relating to IFCO, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of press release or its contents or otherwise arising in connection therewith. [HUG#1412512] --- End of Message --- IFCO Systems N.V. 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