Von Roll Holding AG

Au/Wädenswil, 2010-8-24

• Increase in EBIT to CHF 11.9 million, increase in net income to CHF 9.4 million
• Order intake up 0.9% to CHF 261.6 million, 1.5% decline in sales to CHF 286.1 million
• Sales up 10.5% and order intake up 21.4% compared with second half of 2009
• Positive outlook for full year 2010

Au/Wädenswil, 24 August 2010 – Von Roll Holding AG, one of Switzerland’s longest
established industrial companies, today announced its results for the first half of 2010.
The business development of Von Roll showed a recovery in the first half of 2010.
Demand, particularly from the early-cycle automotive, construction and consumer goods
sectors, has risen to an appreciable extent. Above all, this had a positive effect on orders
received for low-voltage products from the Insulation segment as well as for products from
the Composites segment.

Although Von Roll’s sales fell by 1.5% to CHF 286.1 million in the first half of 2010
compared with the same period in the previous year, order intake rose by 0.9% to CHF
261.6 million. However, when compared with the second half of 2009 (CHF 258.8 million),
sales were up significantly by 10.5%, and order intake increased by an impressive 21.4%
(from CHF 215.5 million) in the same period. EBIT totalled CHF 11.9 million in the first
half of 2010 compared with CHF -0.7 million in the first half of 2009. Net income stood at
CHF 9.4 million (first half of 2009: CHF 0.5 million).

Thomas Limberger, CEO and Chairman of the Board of Directors of Von Roll, comments,
“Our acquisition and internationalisation strategy has already proved to be the right
approach – and in difficult times, too. Above-average growth was achieved particularly in
Asia. In addition, costs have been adjusted within a short time to fit the level of demand
by means of our restructuring programme. As a result of the fundamental recovery of the
markets and our customers’ growing willingness to invest, we are operating under the
assumption that our business will improve in the second half of 2010.”

The Group’s operating cash flow was down year-on-year at around CHF -12.1 million.
This is due in part to preproduction costs required to meet the sharp rise in order intake,
which will contribute to an ongoing upturn in business in the second half of 2010. The
equity ratio stood at 66%, showing that Von Roll remains in a stable financial position.

Von Roll Insulation and Von Roll Composites post significant increase in order
intake, Von Roll Transformers sees increase in sales

Sales of the Insulation segment fell by 7.8% compared with the first half of 2009 to CHF
181.6 million, but they are up 14.7% on the second half of 2009. Order intake in this
segment rose by 20.7% to CHF 186.7 million. Operating EBIT increased by 39.0%,
totalling CHF 11.3 million. The tangible recovery of the early-cycle market for low-voltage
products represented the main positive factor influencing order intake in the Insulation
segment. The late-cycle market for high-voltage products is picking up more slowly, but
steadily.

Sales in the Composites segment increased by 9.4% year-on-year to CHF 55.4 million.
Order intake was up 24.7% to CHF 58.3 million. In this segment, operating EBIT
amounted to CHF -0.4 million compared with CHF -3.7 million in the same period in the
previous year. The continuous growth rates of sales and order intake in the last three halfyears
indicate a sustainable recovery of the Composites segment. The negative operating
EBIT chiefly resulted from the start-up costs of the future-oriented business involving
ballistic- and personal-protection products and systems.

Von Roll Transformers increased its sales by 12.2% to CHF 48.2 million. Order intake
decreased year-on-year by 72.9% to CHF 15.7 million. Operating EBIT rose by 5.7% to
CHF 4.4 million. The decline in order intake chiefly resulted from the uneven ordering
pattern in the transformer business, which is characterised by its large-scale projects. Von
Roll continues to enjoy a high level of capacity utilisation. Furthermore, negotiations are
currently in progress regarding several more promising large-scale projects. Demand for
transformers for energy transmission and distribution remains very high. Growth drivers
here are the replacement and upgrading of outdated infrastructures in Western markets,
the urgent need for new infrastructure in the emerging markets and the increased use of
renewable energy.

Positive outlook for the full year

Von Roll successfully continued its growth strategy in the first half of 2010. The creation
of the Von Roll Water segment in March 2010 with the takeover of the German company
BHU Umwelttechnik GmbH and the bundling of solar activities in Von Roll’s Solar Centre
of Excellence in the Swiss canton of Thurgau in May 2010 embody this strategy.

The global economy has recovered from the global economic slump more quickly than
many people expected. In particular, the positive trend will be apparent in the early-cycle
sectors. A global rise in demand is forecast. “We expect a good second half-year in 2010
with sales above the level of the first half-year”, says Thomas Limberger, CEO and
Chairman of the Board of Directors of Von Roll. “The further improvements to the cost
structure will also have a positive impact on our EBIT.”

 Key figures

 For analysts and investors, a teleconference will be held on 24 August at 9 a.m. on the
occasion of the presentation of the 2010 half-year results (language: English):
Dial-in number: +41 (0)43 456 9228
Confirmation number: 4954027
Simultaneous slide presentation at:
http://www.thomson-webcast.net/de/dispatching/?vonroll_100824en

For journalists, a teleconference will be held on 24 August at 10:30 a.m. on the occasion
of the presentation of the 2010 half-year results (language: German):
Dial-in number: +41 (0)43 456 9228
Confirmation number: 7402147
Simultaneous slide presentation at:
http://www.thomson-webcast.net/de/dispatching/?vonroll_100824de

More detailed information on the company and its business developments can be found in
the Semi-Annual Report of Von Roll Holding AG. It is available in digital format at
http://www.vonroll.com/investor-relations/reports-and-publications/financial-reports.

About Von Roll Holding AG:
As one of Switzerland’s longest established industrial companies, Von Roll focuses on
products and systems for power generation, transmission and distribution. Von Roll is
the global market leader in insulation products, systems and services and is represented
in 19 countries with around 3,000 employees at 30 sites.

Press and Investors:
Sven Ohligs, Head of Communications & Investor Relations
T: +41 44 204 3034, F: +41 44 204 3039, E: press@vonroll.com

This press release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies with statements portrayed here. Furthermore, rounding differences may lead to discrepancies in the reported figures. The release and the consolidated financial statements are originally prepared in German and then translated into English. In the event of any discrepancy, the German version prevails.

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