Media release

SCHMOLZ + BICKENBACH invites Shareholders to Annual General Meeting 2016

  • Approval of management report, statutory financial statements and consolidated
    financial statements 2015
  • Transfer of registered office from Emmen to Lucerne
  • Elections of Board of Directors, Compensation Committee and Statutory Auditor
  • Approval of future compensation for Board of Directors and Executive Management

Lucerne, 12 April 2016 - SCHMOLZ + BICKENBACH AG, a global leader in special long steel, has invited its shareholders to the Annual General Meeting (AGM) on 3 May 2016 at the Kultur- und Kongresszentrum Luzern (Lucerne, Switzerland). The Board of Directors will submit to the AGM the management report, the financial statements and the consolidated financial statements 2015 for approval. Moreover, within the context of a partial revision of the articles of incorporation, it is among other things proposed to transfer the registered office from Emmen to Lucerne.

For the elections of the members of the Board of Directors, SCHMOLZ + BICKENBACH will propose to the shareholders to elect two new members:

Martin Haefner, born 1954, Swiss citizen, is Chairman of the Board of Directors of AMAG Automobil- und Motoren AG and of Careal Holding AG. After passing his A-levels and having studied mathematics, he has taught mathematics for over 20 years at the Cantonal High Schools of Baden and Lucerne, before moving to the group of companies founded by his father Walter Haefner, who had passed away in 2012. Martin Haefer holds a degree in Mathematics of the Swiss Federal Institute of Technology Zurich (ETHZ).

Vladimir Polienko, born in 1980, Russian citizen, is the Deputy Managing Director of Renova Group (Moscow, Russia) and has over 15 years of experience in M&A and portfolio management in various industries. Since 2010, he held various positions at Renova, mainly focused on investments, strategy and portfolio management activities of the group. Vladimir Polienko holds a Master's degree in economics from the Higher School of Economics, Moscow.

The AGM will additionally vote on the appropriation of available earnings and the re-election of the statutory auditors as well as of the independent proxy. The AGM will also vote on the compensation report presented to the AGM for consultative approval. In compliance with the Ordinance against excessive Compensation in listed companies (VegüV), the compensation for the Board of Directors and the Executive Management will be presented to the AGM for prospective approval.

For further information please contact:

Dr. Ulrich Steiner, Head of Investor Relations & Corporate Communications

Phone +41 (0)41 581 4120

u.steiner@schmolz-bickenbach.com

Link to invitation to the Annual General Meeting:

http://www1.schmolz-bickenbach.com/en/investor-relations/general-meeting/

Forward-looking statements

Information in this release may contain forward-looking statements, including presentations of developments, plans, intentions, assumptions, expectations, beliefs and potential impacts as well as descriptions of future events, income, results, situations or outlook. They are based on the Company's current expectations, beliefs and assumptions, which are subject to uncertainty and may differ materially from the current facts, situation, impact or developments.

Disclaimer

This publication constitutes neither a prospectus within the meaning of article 652a and/or 1156 of the Swiss Code of Obligations nor a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. This publication constitutes neither an offer to sell nor a solicitation to buy securities of SCHMOLZ + BICKENBACH. The securities have already been sold.

This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to U.S. persons (as such term is defined in Regulation S under the Securities Act) absent registration or an exemption from registration under the Securities Act. The issuer of the securities has not registered, and does not intend to register, any portion of the offering in the United States, and does not intend to conduct a public offering of securities in the United States.

About SCHMOLZ + BICKENBACH

The SCHMOLZ + BICKENBACH Group is today one of the world's leading providers of individual solutions in the special long steel products sector. The Group is one of the leading manufacturers of tool steel and non-corrosive long steel on the global market and one of the two largest companies in Europe for alloyed and high-alloyed constructional steel. With around 9,000 employees and in-house production and distribution companies in over 30 countries and on 5 continents, the company guarantees its customers a global supply and customer service, and offers them a complete production portfolio as well as sales and services around the world. They benefit from the company's technological expertise, the consistently high product quality around the world and detailed knowledge of local markets.


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