General

MTU Detroit Diesel Inc. Plans to Establish a New Manufacturing Facility in Aiken County

COLUMBIA, S.C. – January 14, 2009 – The South Carolina Department of
Commerce and the Economic Development Partnership today announced that
MTU Detroit Diesel Inc. is planning to establish the company’s new
manufacturing facility in Aiken County.  MTU Detroit Diesel Inc., a
subsidiary of the German-based and stock market listed Tognum Group,
anticipates that its expansion project will require a $45 million
investment and the creation of 250 new jobs. The Tognum Group produces
propulsion systems and distributed energy systems based on diesel
engines, gas engines, gas turbines and fuel cells for military, marine,
rail, agriculture, heavy industrial and power generation applications.

MTU Detroit Diesel has selected the former SKF building in Sage Mill
Industrial Park in Aiken County as the potential location of its new
manufacturing operations. The company is currently in a due diligence
process on the property, which should be completed within the next two
months. Depending on the results of the due diligence process a formal
announcement is expected at that time.

The Aiken County Council will meet on Tuesday, January 19 to vote on an
agreement between the County and MTU Detroit Diesel Inc., which will be
available once the company formally selects Aiken County for its
expansion project.