Bilfinger SE / Key word(s): Restructure of Company 19.09.2013 21:00 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- In order to more intensively network its activities and leverage further synergy potentials, the engineering and services group Bilfinger will abandon its previous Subgroup structure. The non-operational Subgroup holdings will be merged into Bilfinger SE with effect from January 1, 2014 and operational management will in future be conducted by 14 divisions within the SE. The existing reporting structure with the business segments Industrial, Power, Building and Facility as well as Construction remains unchanged. Administrative functions which to date have been situated in Group headquarters and in the Subgroups will be streamlined, combined and, in part, organized into shared service centers. In addition to a greater level of efficiency in the operational business, the optimized structures will also lead to substantial reductions in sales and administrative expenses. Over the next two years, implementation of the measures will result in a reduction in the number of employees by 1,250 worldwide and, from financial year 2015, will yield annual reductions in personnel costs of EUR80 to EUR90 million and reduce non-personnel costs by an amount in the low to middle double-digit million range. 19.09.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Bilfinger SE Carl-Reiß-Platz 1-5 68165 Mannheim Germany Phone: +49 (0621) 459-0 Fax: +49 (0621) 459-23 66 E-mail: [email protected] Internet: http://www.bilfinger.com ISIN: DE0005909006 WKN: 590900 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München End of Announcement DGAP News-Service ---------------------------------------------------------------------------