Bilfinger Berger shares

• Development better than market and sector
• Successful capital increase
• Increased dividend distribution

Divided year on the stock exchange – development better than market and sector

2009 had two distinct halves for Bilfinger Berger’s share price: The difficult situation of the world economy led to a disappointing development in the first half of the year. From July onward, our share price profited from the general stock-market revival. The pleasing stability of the services business and the strategic decision to reduce our construction activities and invest the additional funds in the Services segment was very well received by the capital market. The acquisition of MCE in combination with a successful rights issue further supported the positive share-price development.

The planned sale of our Australian activities and the even stronger weighting that the services business will have in the future have led to a revaluation of Bilfinger Berger’s stock, which is reflected in the significant outperformance compared with the market and the sector as well as in analysts’ significantly higher share-price targets.

The DAX ended trading in 2009 at 5,957 points or 24 percent higher than a year earlier, while the MDAX closed at 7,507 points or 34 percent above the prior-year level. Bilfinger Berger shares were listed at €53.92, which is 65 percent higher than at the end of 2008. This is equivalent to a market capitalization of €2.5 billion.