The Board of Management of Draka Holding N.V. announces that it intends to buy 100% of the shares in DeBiase (DB) Lift Components s.r.l. in Milan (Italy). DB Lift Components' product scope covers distribution of cable, wire rope, electrical & mechanical components and hardware. The company is very well positioned in Italy, the largest market in Europe for the elevator industry. Moreover, it exports products to areas including Slovania, Croatia, Greece, Bulgeria, Czech Republic and the Middle East. The company is based in Milan where it has a warehouse. DB Lift Components employs in total 10 people, generates annual sales of around € 10 million and is profitable.

With the intended acquisition of DB Lift Components, Draka further strengthens its leading position as a worldwide manufacturer and supplier to the global elevator industry. It perfectly fits in Draka's strategy to expand its position in fast growing market segments such as the elevator business whereby it enlarges the service possibilities to better respond to the customer needs. In addition, this intended acquisition will further strengthen the worldwide distribution network of the Elevator Products division while serving the large Italian elevator market. It also gives the division the opportunity to better align its activities in Europe whereby the European Headquarter will be relocated from Oudenbosch, Netherlands to Milan, Italy.

The intended acquisition of DB Lift Components further solidifies Draka's position as a total elevator solution provider to the global elevator industry for customers of all sizes with a variety of elevator needs.

Board of Management
Amsterdam, 16 October 2007