KHDH Khd Humboldt Wedag International Ltd. (MM)

- Also Sells Its Banking Subsidiary and Buys Back 790,000 Shares - HONG KONG, Nov. 30 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag International Ltd. ("KHD") (NASDAQ:KHDH) announces that it has obtained a US$257 million (EUR195 million) credit facility. The credit facility was syndicated with the lead arranger, Raiffeisen Zentralbank Osterreich AG, Vienna, Austria. With this facility, KHD has the financial capacity to provide the guarantees and bonds required to capitalize on market dynamics and to continue with its growth plans. Jim Busche, CEO of KHD, commented, "This is a major building block for our future. It was only two years ago that the company's credit facility amount was limited. We are extremely pleased as it allows us to pursue projects in all of our international markets. We thank all of the participating banks for their support, especially Raiffeisen Zentralbank Osterreich AG and its team." KHD also announces the continuing monetization of its non-core assets. KHD has sold its banking subsidiary to Mass Financial Corp. ("Mass"), KHD's former subsidiary that was distributed to its shareholders in January, 2006. The sale price is at KHD's carrying value and will require certain regulatory approvals. In addition, we repurchased, as part of the sale of the Bank, from Mass 790,000 of our common shares of KHD at the initial price of $34.88 a share, and will retire them, which has reduced our shares outstanding by 5.2 percent. Michael Smith, Chairman of KHD, stated, "We are working to fulfill our goal of divesting ourselves of the legacy assets and having KHD with no significant amount of fixed assets. This business model will allow KHD to grow without substantial capital requirements." About KHD Humboldt Wedag International Ltd. KHD Humboldt Wedag International Ltd. (the "Company") owns companies that operate internationally in the industrial plant engineering and equipment supply industry, and specializes in the cement, coal and minerals processing industries. To obtain further information on the Company, please visit our website at http://www.khdhumboldt.com/ Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's future growth, results of operations, performance and business prospects and opportunities. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain assumptions. These assumptions, which include, management's current expectations, estimates and assumptions about certain projects and the markets the Company operates in, the global economic environment, interest rates, exchange rates and the Company's ability to attract and retain customers and to manage its assets and operating cost, may prove to be correct. Contact Information: Allen & Caron Inc Joseph Allen (investors) (212) 691-8087 or Len Hall (media) (949) 474-4300 or Rene Randall KHD Humboldt Wedag International Ltd. (604) 683-8286 DATASOURCE: KHD Humboldt Wedag International Ltd. CONTACT: Joseph Allen (investors), +1-212-691-8087, , or Len Hall (media), +1-949-474-4300, , both of Allen & Caron Inc, for KHD Humboldt Wedag International Ltd.; or Rene Randall of KHD Humboldt Wedag International Ltd., +1-604-683-8286, Web site: http://www.khdhumboldt.com/

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