Results of the Annual General Meeting of SCHMOLZ + BICKENBACH of May 8, 2017 AG

• All agenda items and proposals of the Board of Directors approved
• All current Board Members and Members of the Compensation Committee re-elected

Lucerne, May 8, 2017 - During today's Annual General Meeting in Lucerne, the shareholders of SCHMOLZ + BICKENBACH AG, a global leader in special long steel, have approved all agenda items and proposals of the Board of Directors with a large majority.

The shareholders have approved the management report, the statutory financial statements, the consolidated financial statements as well as the appropriation of available earnings. The Compensation

Report has received consultative consent.

All current members of the Board of Directors were confirmed: Edwin Eichler, Martin Haefner, Michael Büchter, Marco Musetti, Vladimir Polienko, Dr Heinz Schumacher and Dr Oliver Thum. Edwin Eichler has been confirmed as Chairman of the Board of Directors. In addition, Edwin Eichler, Marco Musetti and Dr Heinz Schumacher were re-elected as members of the Compensation Committee. The Compensation Committee will be chaired by Edwin Eichler.

Ernst & Young, Zurich, were re-elected as auditors for another year while law firm Burger & Müller, Lucerne, was confirmed as independent proxy.

The Annual General Meeting has also approved the proposed overall compensation of the members of the Board of Directors and the members of the Executive Board.

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For further information:

Dr Ulrich Steiner, Vice President Corporate Communications & Investor Relations

Telephone +41 (0)41 581 4120

u.steiner@schmolz-bickenbach.com

www.schmolz-bickenbach.com