RAIL.ONE strengthens Management for further Growth

International Manufacturer of Concrete Sleepers and Rail Track Systems gets fit for the Future:

* Tilo Brandis will be appointed new President and CEO

Neumarkt, March 4, 2008 - Tilo Brandis - previously in senior positions in Siemens AG's “Transportation Systems” and “Automation and Drives” divisions - will take over as President and CEO of RAIL.ONE Group, formerly Pfleiderer track systems, in March 2008. As planned, Hans Bachmann leaves the Managing Board for reasons of age. He will continue to advise the Company as an external consultant in the future, contributing his decades of experience and wide range of contacts to ensure that RAIL.ONE continues its successful course. Richard Ziegler takes over as Executive Vice President and COO with responsibility for Technology and Operations. His know-how will strengthen the Company's operating force as a worldwide leading supplier of concrete sleepers and rail track systems.

Last year, the RAIL.ONE Group achieved total sales of around 150 million euros. Its Managing Board will comprise

* Tilo Brandis, President and CEO
* Richard Ziegler, Executive Vice President and COO
* Gerhard Binner, Executive Vice President and CFO

Tilo Brandis, born in 1967 in Rheinhausen, studied mechanical engineering at the Technical Universities of Braunschweig and Hamburg-Harburg. After graduation, Brandis went on to complete an MBA at the University of Stirling in Scotland and further training in competition and strategy at the Harvard Business School. The first step in Brandis' career took him to HBS Consulting Partners, where he worked as a project manager and management consultant. In 1997, Brandis then moved to Siemens AG, where he worked until 2003 in various senior positions in the Transport Systems division. In 2003, he became President of Siemens AG A&D Assembly Systems, with responsibility for 2,300 employees and sales of around 600 million euros. Before joining RAIL.ONE Brandis led Siemens AG's takeover of the US software corporation UGS Corp. based in Dallas, Texas as its President.

Tilo Brandis is looking forward to his new leadership responsibilities as head of the RAIL.ONE Group. "RAIL.ONE is a company with very attractive growth prospects in the international project and infrastructure supply segment. Together with my colleagues and our employees, we will continue the company's success story over the last few years and push forward with its dynamic growth."

About the PCM RAILONE Group

The PCM RAILONE Group has been manufacturing concrete sleepers and track systems for urban transit and long-distance rail transportation for over 60 years. The technology leader also offers its expertise in the fields of engineering and plant construction. Its customer-driven innovations fulfill the highest quality standards and are installed around the world

The PCM RAILONE Group is comprised of several companies and eleven production facilities with a presence in Germany, Romania, Saudi Arabia, Spain, South Korea, Hungary, Turkey, the United States, Canada and lndia. lt maintains annual capacities of over 5 million track sleepers and 840,000 linear meters of turnout sleepers. RAILONE produces optimized products and custom solutions with over 550 employees around the world.