Schmolz&Bickenbach : SCHMOLZ + BICKENBACH successfully placed EUR 200 million offering

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF SCHMOLZ + BICKENBACH AG OR ANY OF ITS AFFILIATES. NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

The Notes due 2022 were allocated to orders received in a several times oversubscribed offer launched on April 3, 2017 (the "Offering"). The Notes will be issued by the Company's subsidiary SCHMOLZ + BICKENBACH Luxembourg Finance S.A. The Notes will have a coupon of 5.625% and will mature on July 15, 2022. The closing of the Offering of the Notes is expected to take place on April 24, 2017.

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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

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 larg- est companies in Europe for alloyed and high-alloyed constructional steel. With around 8 900 employees and its own production and distribu- tion companies in 30 countries on 5 continents, the company guarantees global support and supply for its customers and offers them a com- plete portfolio of production and sales & services around the world. Customers benefit from the company's technological expertise, consistently high product quality around the world as well as detailed knowledge of local markets.

SCHMOLZ+BICKENBACH AG, Landenbergstrasse 11, CH-6005 Lucerne, phone +41 41 581 40 00

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This press release contains forward-looking statements about developments, plans, intentions, assumptions, expectations, convictions, possi- ble impacts or the description of future events, outlooks, revenues, results or situations, for example. These are based upon the company's current expectations, convictions and assumptions, but could materially differ from any future results, performance or achievements. We are providing this communication as of the date hereof and do not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This document is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent regis- tration or an exemption from registration under the U.S. Securities Act of 1933. The offering of Notes described in this announcement and any related guarantees have not been and will not be registered under the Securities Act. There will be no public offering of these securities in the United States.

This document has been prepared on the basis that any offer of the Notes in any Member State of the European Economic Area ("EEA") will be made pursuant to an exemption under the Prospectus Directive from the requirement to publish a prospectus for offers of Notes.

This document is only being distributed to, and is only directed at, persons in the United Kingdom that are "qualified investors" within the mean- ing of Article 2(1)(e)(i), (ii) or (iii) of the Prospectus Directive and that also (i) are "investment professionals" falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"), (ii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Order, or (iii) are persons to whom an invitation or induce- ment to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being re- ferred to as "relevant persons"). This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

Neither the content of any website of the SCHMOLZ + BICKENBACH Group nor any website accessible by hyperlinks on any website of the SCHMOLZ + BICKENBACH Group is incorporated in, or forms part of, this announcement. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.

This press release may include projections and other "forward-looking" statements within the meaning of applicable securities laws. Forward- looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the SCHMOLZ + BICKENBACH Group's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements and the SCHMOLZ + BICKENBACH Group does not under- take publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.

This announcement contains inside information within the meaning of Regulation (EU) No 596/2014 of 16 April 2014 on market abuse.

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