CORPORATE NEWS

Daldrup & Söhne AG: Josef Daldrup resigns from the board

- Election proposal Josef Daldrup as Supervisory Board member to the Annual General Meeting at the end of August 2020

- Andreas Tönies becomes Spokesman of the Management Board

Oberhaching / Ascheberg, 19 March 2020 - Josef Daldrup, Chairman of the Management Board of the drilling technology and geothermal energy group Daldrup & Söhne AG (ISIN DE0007830572), is expected to resign from his position on the Management Board with his appointment to the Supervisory Board on 30 April 2020. Within the scope of the strategic reorientation, the generation change had already been announced. After the sale of the Geysir Group as an essential component of the realignment, this step will be taken in agreement with the Supervisory Board.

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The Chairman of the Supervisory Board, Wolfgang Clement, praised Josef Daldrup's entrepreneurial performance: "On behalf of the shareholders and the Supervisory Board, I would like to thank Josef Daldrup for his successful work for the company over decades. More than 20 years ago, Josef Daldrup took over the management of the company from his father and developed Daldrup & Söhne AG into an internationally renowned company for drilling technology and geothermal energy. This included the IPO in 2007 and the expansion of business activities to include the development of geothermal energy for electricity and heat supply. It is certainly true to say today that Josef Daldrup is one of the pioneers of the use of geothermal energy in Central Europe. On this foundation and with the acquired know-how, Daldrup & Söhne AG can face the challenges ahead with great entrepreneurial confidence."

Andreas Tönies (54 of age), member of the Management Board of Daldrup & Söhne AG since 2005, will assume the function of Spokesman of the Management Board. He is currently responsible for the departments Logistics / Merchandise Management, Purchasing and the Deep Geothermal Energy division. Andreas Tönies comments on the future strategic orientation of Daldrup & Söhne AG: "The heat system transformation and the climate targets are an important driver for the business division geothermal energy. With our drilling and geothermal know-how we can make an important contribution to this energy transformation with energy infrastructure services. In addition to the Raw Materials and Exploration and Water Production divisions, the focus is on the business with geothermal energy for heating purposes. We will drive these future-oriented business areas profitably, expand existing customer relationships and acquire new customers.

Josef Daldrup will continue to be available to the company in his future function as a member of the Supervisory Board. On 17 March 2020, the Management Board applied to the competent local court for Josef Daldrup to replace Joachim Rumstadt, who left the Supervisory Board on 31 December 2019. The appointment is to be made for the period until the end of the next Annual General Meeting of the Company. Josef Daldrup will then be proposed for election as a new member of the Supervisory Board of Daldrup & Söhne AG at the Annual General Meeting expected to take place on 27 August 2020.

About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 70 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).

Disclaimer
This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America ("USA"), Canada, Australia or Japan.

Press & Investor Relations contact
Daldrup & Söhne AG
Falk v. Kriegsheim
Fon +49 (0)2593-9593-29
Bajuwarenring 17a
82041 Oberhaching

[email protected]
www.daldrup.eu