Dear Partners!

Here you can find the date of the summer outage in our business units:

Raba Plc. (central office - Holding):                           09-24 August, 2008

Raba Vehicle Ltd.:                                                           02-17 August, 2008

Raba Axle Ltd.:                                                                09-24 August, 2008

Raba Automotive Components Ltd. (Mór):    11-20 August, 2008                 (partial outage)

Thank you for your patience!

Pursuant to a shareholder’s request for including additional items into the agenda, RÁBA Plc’s Board of Directors herewith supplements its Notice of Annual General Meeting (Notice of AGM) published on March 21, 2008 for the convocation of the annual general meeting as follows.

SUPPLEMENT TO THE NOTICE OF ANNUAL GENERAL MEETING of RÁBA Plc.

Rába plc. informs its shareholders that it holds its Annual General Meeting on April 24, 2008 at 10.30 a.m.

Notice of Annual General Meeting of Rába plc.

Rába Group EBITDA over HUF 4 billion, net debt below HUF 10 billion

2007 was a successful year for Rába Group, whose shares are listed on the Budapest Stock Exchange. Due to the successful strategy and a continuous improvement of efficiency the operating profit and net profit of the group are back in black. Compared to 2006, revenues increased 14.6 percent and reached HUF 57.6 billion. Operating profit soared to 1.022 billion (544 million in 2006). Management forecasts proved right and the axle business unit also reported positive earnings in the fourth quarter. Good performance helped decrease liabilities to level last seen 5 years ago.

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Rába: Continouing increase, stable EBITDA

Thanks to the continuous efficiency-improvement and the successful strategic aims achieved Raba Group (headquaters in Győr) -whose shares are listed on the Budapest Stock Exchange-, also in the third quarter of 2007 positive operating profit and net result. This data arises only from the plants’ operation, because there were no sales of realty in this quarter.

 

 

Expanding sales opportunities in terms of special axles due to the enviromental norms introduced on the US utility vehicle market performing at the low level of the first quarter. The European market of heavy vehicles continues to be strong. The Russian bus market is demonstrating growth.
Continuing increase in raw material prices.
Energy prices further increasing by 22% compared to the same period of last year and by 9% compared to the last querter.
Considerably lower USD exchange rate (13,4%), and slightly (7,6%) lower EUR exchange rate during Q2 of 2007, compared to the same period of last year.

Slightly increasing raw material prices.
Energy prices further increasing by nearly 24%.
Considerabily lower USD exchange rate (10.0%), and slightly (1.7%) lower EUR exchange rate during Q1 of 2007, compared to the same period of last year.
Declining freight vehicle market in the US due to the environmental norms introduced. The European heavy vehicle industry continues to be strong.