CORPORATE NEWS

Daldrup & Söhne AG receives order for exploratory drilling for Asse II mine

- Long-term attractive new market for Daldrup & Söhne AG

- Search for safe final storage for nuclear waste in Germany restarted

Oberhaching / Ascheberg, October 19, 2020 - The drilling technology and geothermal energy specialist Daldrup & Söhne AG (ISIN DE0007830572) has received an order from the Bundesgesellschaft für Endlagerung mbH (BGE) for a drilling exploration on the Asse II mine site in Lower Saxony. The aim is to explore previously unknown areas of the salt dome for the planning of a safe salvage of the stored nuclear waste casks. This is a complex high-tech drilling job which serves to obtain data at the current state of science and technology. The contract is worth around EUR 3 million. In addition to Nagra, the National Co-operative for the Disposal of Radioactive Waste in Switzerland, the German BGE is also commissioning Daldrup & Söhne AG with demanding exploratory drilling.

Board member Peter Maasewerd classifies the contract as follows: "This will create a new market segment for Daldrup & Söhne AG in Germany as well. We have exactly the knowledge and experience that this market requires and can substantiate this with references. Daldrup is one of the few companies in Europe that can combine deep drilling and core drilling technology in high quality. This is the only way to ensure that the quality of the rock samples, even from very great depths, meets the high scientific demands and the usability for the project purpose. For the next few years, we expect an increasing volume of orders for these demanding drilling projects, not only in Germany".

Search for a safe repository in Germany restarted
In Germany, according to the BGE, more than 120,000 cubic meters of radioactive waste are currently stored in interim storage facilities and commissioned companies of the state collection centers. This volume will rise sharply in the coming years due to the decommissioning and dismantling of nuclear power plants. For the safe final disposal of radioactive waste, the BGE identified regions in Germany in the so-called sub-area report at the end of September 2020 that promise favorable geological conditions. Such regions could possibly be considered for a repository. According to a defined procedure, areas will be selected in the coming years which will then be examined more closely for their suitability by seismic means and exploratory drilling. According to the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, this will create a basis for a fact-based determination of a repository site in 2031.

The federal funds, which will be invested in billions of euros both in the preparation of the salvage and in the search for a final repository for radioactive waste, demonstrate the social and political importance of dealing with the nuclear legacy and, above all, the search for a safe final repository. For Daldrup & Söhne AG a new, attractive market segment is opening up.

About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a company history of more than 70 years is a leading specialized provider of drilling and environmental services in Central Europe. The company's activities are divided into the business areas of Geothermal Energy, Raw Materials & Exploration, Water Extraction and Environment, Development & Services (EDS). The Geothermal Energy division provides drilling services for both near-surface geothermal energy (especially geothermal probes for heat pumps) and, above all, drilling services for deep geothermal energy of up to 6,000 m in order to make the accessible geothermal energy usable for electricity and/or heat production. In the Raw Materials and Exploration division, the drillings carried out by Daldrup & Söhne AG serve the exploration and development of raw materials. The business area water extraction comprises the construction of wells for the extraction of drinking, industrial and medicinal water as well as thermal brine. The EDS business area includes environmental engineering services such as hydraulic remediation of contaminated sites, construction of gas extraction wells for the extraction of landfill gas, construction of groundwater quality measuring points or the installation of water purification plants.

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

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 [email protected]
82041 Oberhaching www.daldrup.eu