ORCO announced its capital increase at EUR 115.0 per share and issuance of 1.3m shares. The capital increase will be executed by means of a private placement to institutional investors of ORCO ordinary shares. The gross proceeds of the capital increase will amount to approximately EUR 150m excluding the over-allotment option of up to 195,652 new shares. The net proceeds are estimated at approximately EUR 142.4m excl. the over-allotment option. The settlement-delivery of the new shares is expected to take place on 21 June 2007.