DGAP-News: SKW Stahl-Metallurgie Holding AG / Key word(s): Change of Personnel/Legal Matter SKW Stahl-Metallurgie Holding AG: Termination of legal disputes in the Supervisory Board of SKW Stahl-Metallurgie Holding AG through withdrawal of interlocutory injunction toward Dr. Olaf Marx; Supervisory Board agrees on new Supervisory Board Chairperson 05.08.2016 / 20:18 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- SKW Stahl-Metallurgie Holding AG: Termination of legal disputes in the Supervisory Board of SKW Stahl-Metallurgie Holding AG through withdrawal of interlocutory injunction toward Dr. Olaf Marx; Supervisory Board agrees on new Supervisory Board Chairperson München (Germany), August 5, 2016. The legal disputes in the Supervisory Board of SKW Stahl-Metallurgie Holding AG, München (Germany), ISIN DE000SKWM021, could be mutually resolved in the interest of the Company. The involved members of the Supervisory Board have agreed to resolve the legal proceedings through withdrawal of the motion to issue an interlocutory injunction toward the Chairperson of said Board. Supervisory Board and Executive Board expressly endorse this agreement in the interest of the SKW Metallurgie Group. The Chairperson of the Supervisory Board, Dr. Olaf Marx, declared to the Company through communication of today to resign from the office of Chairperson effective August 8, 2016. He is to remain with the Supervisory Board of the Company as one of its members. Dr. Marx is taking this step in the interest of good Corporate Governance, in order not to let occur any conflicts of interests in the context of any future activities as investor. Background is that MCGM GmbH, of which company Dr. Marx is the Managing Director, informed the Company on August 1, 2016 that they had expressed - as part of a group of investors - vis-à-vis the financing banks their non-binding interest in an alternative finance option with the goal of a financial restructuring of the Company. The members of the Supervisory Board have agreed to elect from among them to their Chairperson Mr. Volker Stegmann with effect of August 8, 2016. Dr. Alexander Kirsch shall become Deputy-Chairperson. Mr. Stegmann and Dr. Kirsch have already signaled their basic agreement to accept the offices in question. The Supervisory Board expresses its gratitude to Dr. Marx for his work as Chairperson of the Supervisory Board; Supervisory Board and Executive Board are looking forward to a continued trusted cooperation of the corporate bodies in the interest of the SKW Metallurgie Group and its shareholders, banks, employees, clients, and suppliers. Contact SKW Stahl-Metallurgie Holding AG Christian Schunck Head of IR and Corporate Communication Prinzregentenstr. 68 81675 München Germany Phone IR/Press: +49 89 5998923-22 Fax: +49 89 5998923-29 E-Mail: [email protected] About SKW Stahl-Metallurgie Holding AG and the SKW Metallurgie Group The SKW Metallurgie Group is a global market leader for chemical additives for hot metal desulphurization and for cored wire and other products for secondary metallurgy. The Group's products enable steel-makers to efficiently manufacture high-quality steel products. Clients include the world's leading companies in the steel industry. The SKW Metallurgie Group has more than 50 years of metallurgical know how, and currently operates in more than 40 countries. What is more, the Group is a leading supplier of Quab specialty chemicals, which are mainly used in the global production of industrial starch for the paper industry. The SKW Metallurgie Group is headquartered in Germany with production facilities in France, the US, Canada, Mexico, Brazil, South Korea, Russia, the Peoples' Republic of China and India (joint venture). The Group reached total revenues of EUR 285.5 million in 2015 and employs around 650 staff members (as of Dec. 31, 2015). Shares of SKW Stahl-Metallurgie Holding AG have been listed in Frankfurt Stock Exchange's Prime Standard since December 1, 2006; since 2011 (conversion to name shares) with ISIN DE000SKWM021. Disclaimer This press release may include certain forward-looking statements which are based on currently available assumptions and predictions of the SKW Metallurgie Group's management as well as on other currently available information. Various identified as well as unidentified risks and uncertainties as well as other factors may result in a deviation of actual results, financial situation, development or achievement of the company compared to the assessments made herein. SKW Stahl-Metallurgie Holding AG does not intend and assumes no liability to update such forward-looking statements and to adjust them to future events and developments. --------------------------------------------------------------------------- 05.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: SKW Stahl-Metallurgie Holding AG Prinzregentenstr. 68 81675 München Germany Phone: +49 (0)89 5998923-22 Fax: +49 (0)89 5998923-29 E-mail: [email protected] Internet: www.skw-steel.com ISIN: DE000SKWM021 WKN: SKWM02 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 490061 05.08.2016