Continued improvement reflected in Quadrant’s first quarter results

Zurich, 4 May 2007, 06:30 a.m. – For the first quarter of 2007, Quadrant again reported improved results despite slight economic weakness in North America. Net sales reached CHF 215.9 million, representing an 1% growth over the comparable period in 2006, or +2% when adjusted for currency translation effects (Q1, 2006: CHF 213.6 million). Ebitda grew by 2% to CHF 29.3 million (CHF 28.8 million) while Ebit increased by 1% to CHF 21.1 million (CHF 20.9

million). Quadrant’s first quarter results meet the expectations of relatively low growth compared to the extraordinarily strong first quarter the previous year.

The growth compared to the previous year is purely organic. The lower exchange rate of the US dollar had a slightly negative effect on results. As in previous quarters, the High-Performance Plastics Division reported organic growth of 4%. The Division has a well-established customer base in numerous markets of the capital goods industry. As expected, the considerably smaller Plastic Composites / Cable Protection Systems Division, which focuses mainly on the automobile supplier market, reported a sales decline of 4% compared to the above-average results shown for the first quarter in 2006. In total, the Ebitda margin improved slightly from 13.5% to 13.6%, reflecting the completed integration of the acquisitions made in 2005 (Poly Hi Solidur, JGC).

Despite currently unclear economic signals from the American market, the Quadrant Group generally expects to continue on its path of positive development for the rest of the year, partly due to the weakening trend reported in the later part of the previous year.

Enclosure: Performance data for the first quarter of 2007

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Quadrant, a global leader in high-performance polymer materials in the form of semi-finished and finished products with locations in 18 countries, generates annual sales of over CHF 800 million. The specialty engineering thermoplastics and composites manufactured and marketed by more than 2’400 employees worldwide are superior in performance to metals and other materials and are used in a growing number of applications, primarily in the capital goods industry. Together with leaders in a wide range of customer markets, Quadrant is continuously developing new areas of application. Thanks to its clear strategic orientation and focus, Quadrant has generated substantial added value for customers and shareholders since it was established in 1996 and is well prepared to continue expanding its market leadership in future.