KHD Humboldt Wedag International Limited announces that its shareholders approved the first tranche distribution of 26% of the shares of KHD Humboldt Wedag International AG. This is the first step in the restructuring of KHD into two distinct legal entities: (1) a mineral royalty company, Terra Nova Royalty Corporation and (2) an industrial plant technology, equipment and service company, KID.

KHD has changed its name to Terra Nova. Terra Nova will continue to be listed on the New York Stock Exchange and trade the regular way under a new trading symbol TTT, with the first day of trading being on March 31st 2010. KID will be listed on the regulated market of the Frankfurt Stock Exchange trading under trading symbol KWG.

The shareholders of record who are eligible to receive the KID shares are registered shareholders and or DTC participants of Terra Nova, who will need to establish a Clearstream eligible brokerage or custodian account for the acceptance of the KID shares. There will be no physical certificates distributed. The KID Shares will be quoted on the Regulated Market of the Frankfurt Stock Exchange and, therefore, will be transferable in electronic form only. As virtually all major brokerage firms will have Clearstream eligible accounts, shareholders whose shares of Terra Nova are registered in the name of a brokerage firm should contact their brokerage firm for further information.