IFCO SYSTEMS N.V. started comprehensive refinancing including the placement of a new EUR 180 million bond

Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this
announcement.
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IFCO SYSTEMS N.V. has started concrete refinancing activities in
order to refinance its EUR 110 million senior secured notes due in
October 2010 and roll over its existing revolving credit facility of
EUR 65 million due in June 2010.

The board of managing directors of IFCO SYSTEMS N.V., with the
approval of the supervisory board, resolved to launch a new EUR 180
million proposed bond with a maturity in 2016. The issuer of the bond
will be IFCO SYSTEMS N.V.. IFCO SYSTEMS N.V. intends to list the
proposed bond on the Official List of the Luxembourg Stock Exchange
for admission to trading on the Euro MTF.

The proceeds of the planned issue will be used, inter alias, to pay
back IFCO's existing bond, the 10 3/8% guaranteed senior secured
notes due 2010 and pay down the existing revolving credit facility.

This release contains forward-looking statements that reflect
Management's current view with respect to future events. All
statements contained in this release are not clearly historical in
nature or necessarily depend on future events are forward-looking.
The words "anticipate", "believe", "expect", "estimate", "planned"
and similar expressions are generally intended to identify
forward-looking statements. These statements are based on current
expectations, estimates and projections of the Management on
currently available information. They are not guarantees of future
performance, involve certain risks and uncertainties that are
difficult to predict and are based upon assumptions as to future
events that may not prove to be accurate. Many factors could cause
the actual results, performance or achievements to be materially
different from those that may be expressed or implied by such
statements. We do not intend or assume any obligation to update the
forward-looking statements contained in this release, which speaks
only as of the date on which it is made.

Disclaimer
This announcement does not constitute or form any part of an offer to
sell or a solicitation to purchase securities in the United States.
The proposed bond of IFCO SYSTEMS N.V. (the "Securities") have not
been and will not be registered under the U.S. Securities Act of
1933, as amended (the "Securities Act"). Securities may not be
offered or sold in the United States unless registered under the
Securities Act or pursuant to an exemption from registration. There
will be no public offering of the Securities in the United States.
This announcement and the information contained herein are not for
publication, distribution or release in/or into the United States.

For more information, contact:
Michael W. Nimtsch
Chief Financial Officer
IFCO SYSTEMS
Zugspitzstr. 7
82049
Pullach
Tel +49 89 744 91 121
Michael.Nimtsch@ifco.de

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IFCO Systems N.V.
Zugspitzstraße 7 Pullach

WKN: 157670; ISIN:
NL0000268456 ; Index: CLASSIC All Share, Prime All Share;
Listed: Freiverkehr in Bayerische Börse München, Freiverkehr in
Hanseatische Wertpapierbörse zu Hamburg,
Freiverkehr in Börse Düsseldorf, Prime Standard in Frankfurter
Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse;
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