Gurit Appoints Dr. Emiliano Frulloni as Group CTO and Strengthens Innovation Organization

· Dr. Emiliano Frulloni to join Gurit as new CTO

· Dr. Damian Bannister, current CTO, to take on the position of Director Innovation Composite Materials

Zurich, Switzerland, February 06, 2018 - Gurit (SIX Swiss Exchange: GUR) today announced that it will further strengthen its innovative capacity by enlarging its technology and innovation management resources.

Dr. Emiliano Frulloni will join Gurit as CTO and member of the Executive Committee by November 1, 2018, the latest. He has many years of technology and leadership experience in the advanced composites industry and holds an MBA from Manchester Business School and a PhD in Materials Science and Technology from University of Perugia. Dr. Emiliano Frulloni joins Gurit from Solvay where he holds the position of Global R&D Director Composite Product Development. He will report to Rudolf Hadorn, Chief Executive Officer.

Dr. Damian Bannister, CTO of Gurit, will take on the position of Director Innovation Composite Materials. In his new position, he will focus on the further development and enhancement of the Company`s base formulations as well as new material technologies for the Company`s prepreg and formulated products ranges. Dr. Damian Bannister will withdraw from the Gurit Executive Committee and his position as CTO of Gurit once Dr. Emiliano Frulloni has assumed his role.

"I am very excited to appoint Emiliano as our new Group CTO and happy to retain Damian with his rich know-how as Director Innovation Composite Materials as the combined innovation power will make Gurit stronger in the market," said Rudolf Hadorn, CEO of Gurit.

About Gurit:

The companies of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GUR) are specialized on the development and manufacture of advanced composite materials, related technologies and select finished parts and components. The comprehensive product range comprises fibre reinforced prepregs, structural core products, gel coats, adhesives, resins and consumables. Gurit supplies global growth markets with composite materials on the one hand and composite tooling equipment, structural engineering and select finished parts on the other. The global Group has production sites and offices in Switzerland, Germany, Hungary, Italy, Spain, the Netherlands, the U.K., Poland, Canada, the U.S.A., Ecuador, Australia, New Zealand, India and China. For more information, please visit www.gurit.com

Gurit Group Communications

Tanja Moehler

T +41 44 316 15 55

tanja.moehler@gurit.com

www.gurit.com

All trademarks used or mentioned in this release are protected by law.

Forward-looking statements:

To the extent that this announcement contains forward-looking statements, such statements are based on assumptions, planning and forecasts at the time of publication of this announcement. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions and other factors may cause the actual results to be materially different from the assumptions, planning and forecasts at the time of publication of this announcement. Therefore, Gurit Holding AG does not assume any responsibility relating to forward-looking statements contained in this announcement.




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