Munich, November 29, 2018 - By decision in date November 28, 2018 the Appellate Court (Landgericht München) granted a motion of release according to sec. 253 para. 4 Insolvency Code, thereby rejecting the last pending of two complaints that had been filed against the competent insolvency court's approval of the insolvency plan of SKW Stahl-Metallurgie Holding AG on August 14, 2018. The insolvency plan thereby comes into force and can now be executed.

The insolvency plan determines all measures for the financial restructuring of the Company. Current shareholders exit the Company by transfer of their shares to Speyside Equity. Furthermore, after a capital decrease to zero, the insolvency plan provides for a swap of a major part of credit claims acquired by the Speyside Equity into equity of SKW Holding. With the implementation of these capital-related measures, SKW's shares will be delisted (DE000SKWM021). For all non-subordinated insolvency creditors, the insolvency plan provides for full economic satisfaction of 100% of their respective claims.

Contact:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Phone: +49 89 99 24 96 30
E-Mail: [email protected]
Internet: www.skw-steel.com