SOURCE: RHJ International SA

March 02, 2010 02:54 ET

RHJ International Announces the Divestiture of its Remaining Interest in U- Shin

BRUSSELS, BELGIUM--(Marketwire - March 2, 2010) - RHJ International (the "Company") announced today that it has now disposed of its remaining interest in U-shin Ltd. ("U-shin"), a company active in the manufacturing and sales of automotive components such as door locks and latches.

In aggregate, the Company sold its interest in U-shin for total cash proceeds of JPY 3,445 million (EUR 28.5 million), compared to a carrying value of JPY 3,200 million (EUR 26.4 million).

About RHJ International:

RHJ International (Euronext: RHJI) is a limited liability company incorporated under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, Belgium. It is a diversified holding company focused on creating long-term value for its shareholders by acquiring and operating businesses. For further information visit: www.rhji.com

For further information please contact:

Arnaud Denis
Investor Relations Director
Tel: +32 2 643 60 13
E-mail:adenis@rhji.com

This press release contains certain forward-looking statements concerning the Company's operations, economic performance and financial condition. Such forward-looking statements are based on management's current expectations, estimates and projections and are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Company has no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release.


[HUG#1389874]


Full Press Release (PDF): http://hugin.info/135946/R/1389874/348032.pdf

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