• Total consideration to outside shareholders is considered financially appropriate
  • The Management Board and Supervisory Board welcome the declared objective of Broadview Industries AG to continue developing Westag & Getalit AG as a leading player in its key end markets

Rheda-Wiedenbrück, 22 June 2018. Today, the Management Board and Supervisory Board of Westag & Getalit AG published their joint reasoned opinion on the voluntary public takeover offer by Broadview Industries AG ('Broadview') pursuant to Section 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - 'WpÜG').

Following an in-depth review of the offer document published by Broadview on 11 June 2018, the Management Board and Supervisory Board recommend that shareholders of Westag & Getalit AG accept the offer. This recommendation is explained in detail in the reasoned opinion.

Following a thorough review, the Management Board and Supervisory Board are of the opinion that the total consideration of EUR 31.00 per ordinary and preference share of Westag & Getalit AG - comprised of a cash consideration of EUR 30.26 per ordinary share and EUR 30.20 per preference share, in addition to the expected dividend for the financial year 2017 of EUR 0.74 per ordinary share and EUR 0.80 per preference share - is financially appropriate from the point of view of outside shareholders of the company.

The Management Board and Supervisory Board also carefully reviewed the declared intentions of Broadview as outlined in the offer document with regard to the future of Westag & Getalit AG's business activities and assess these as positive overall. Both Boards are of the opinion that the envisaged partnership with Broadview is conducive to the strategic objectives and best interests of the company, its employees and customers.

The full reasoned opinion of the Management Board and Supervisory Board can be viewed at www.westag-getalit.com/uebernahmeangebot. The shareholders of Westag & Getalit have until 9 July 2018 at 24:00 (CET) to accept the offer by Broadview.

The above press release and further information on Westag & Getalit are available on the Internet atwww.westag-getalit.com.

It is expressly noted that solely the joint reasoned opinion of the Management Board and the Supervisory Board is authoritative.The information in this press release does not represent any explanations of or additions to the statements made in the joint reasoned opinion. Irrespective thereof, all shareholders must decide for themselves whether or not to accept the offer, taking into account the overall circumstances as well as their individual situation and assessment of the possible future development of the value and share price of the company's shares.

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Westag & Getalit AG published this content on 22 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 June 2018 09:12:04 UTC