EPCOS Management & Supervisory Boards Recommend That Shareholders Accept Cash Offer From TDK

In a joint statement, the Management Board and Supervisory Board of EPCOS AG announced their support for the public tender offer submitted by TDK on August 25, 2008. The company’s governing bodies stated that TDK’s offer meets the interests of the company, its customers, its shareholders and its employees.

The cash consideration of &Euro;17.85 per EPCOS share offered by TDK includes what is described as an attractive premium in comparison to the company’s share price both immediately before publication of TDK’s intention to make a tender offer and in comparison to the historic share prices of EPCOS AG.

In the Business Combination Agreement signed on July 31, 2008, TDK and EPCOS committed themselves to establishing a strong and comprehensive partnership, and to managing their components business jointly in a context of close and faithful cooperation.

TDK has affirmed its intention to maintain EPCOS’ current company headquarters, which will be established as one of two operational headquarters when the companies’ business is combined. Nor are there any plans to relocate either the headquarters or the sites of the five divisions of EPCOS. The well-established brands of TDK and EPCOS will continue to be used in the future. TDK intends to be represented at first by only two and later by three members on the Supervisory Board of EPCOS AG.