Press release: Schindler Holding Ltd. successfully places CHF 500 million domestic bond in two tranches

For further information please contact:

Nelly Keune, Chief Communications Officer

Tel. +41 41 445 30 88, nelly.keune@schindler.com

Marco Knuchel, Head Investor Relations

Tel. +41 41 445 30 61, marco.knuchel@schindler.com

This announcement does not constitute an offer to sell, a solicitation of an offer to buy any of the bonds described herein, or any kind of advice, nor shall there be any offer, solicitation or sale in any country or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any country or jurisdiction. This press release also does not constitute a prospectus as such term is understood pursuant to article 652a or article 1156 of the Swiss Federal Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange.

The relevant information on the bonds and the issuer is only available in the prospectus which is currently expected to be published on June 1, 2018. The bonds are subject to selling restrictions set out in the prospectus. The prospectus is available free of charge at UBS AG, Investment Bank, Swiss Prospectus Switzerland, P.O Box, CH-8098 Zurich, Switzerland, and can be ordered by telephone (+41 44 239 4703), fax (+41 44 239 6914) or by e-mail (swiss-prospectus@ubs.com). Copies of the prospectus will also be available at Schindler, Marco Knuchel, Head Investor Relations, Schindler Management Ltd., 6030 Ebikon, and can be ordered by telephone (+41 41 445 3061), fax (+41 41 445 4040) or by e-mail (investor.relations@schindler.com).

This announcement and the information contained herein are not for distribution in or into the United States of America and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended ("Securities Act")) or to publications with a general circulation in the United States. The securities referred to herein have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

This announcement may include projections and other "forward-looking" statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of Schindler about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.

Within the United Kingdom, this announcement is directed only at persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("relevant persons"). The investment or investment activity to which this announcement relates is only available to and will only be engaged in with relevant persons and person who receive this announcement who are not relevant persons should not rely or act upon it.