Schaltbau Holding AG: Broad agreement at the Annual General Meeting 2021

High shareholder attendance level - more than two thirds of share capital represented

Compensation systems for Executive Board and Supervisory Board approved

Members of Supervisory Board elected

Stéphan Rambaud-Measson new Chairman of Supervisory Board

Munich, 2 June 2021 - All of the proposals put forward by the representative bodies of Schaltbau Holding AG [ISIN DE000A2NBTL2] were adopted by a large majority at this year's AGM, which was again held digitally due to the ongoing COVID-19 pandemic. The acts of the Executive Board and the Supervisory Board during the fiscal year 2020 were ratified by over 90 per cent of the share capital represented at the meeting. The new compensation systems for the Executive Board and the Supervisory Board were approved by a majority of 86 per cent and 91.7 per cent respectively. In the periodic election of the Supervisory Board, Stéphane Rambaud-Measson, Sebastian Reppegather and Florian Martin Schuhbauer were elected to the Board for the first time and Prof. Thorsten Grenz was re-elected. In its constituent meeting, the Supervisory Board then voted Stéphan Rambaud-Measson as its new Chairman.

'We are very pleased with these high approval ratings. They are a strong sign of trust, which we greatly appreciate and which at the same time inspire us to continue working to achieve our corporate aims,' said Dr Jürgen Brandes, CEO of Schaltbau Holding AG. At its peak, some 70 per cent of shareholders cast their votes on the various agenda items. All items on the agenda were approved by majorities of between 86 and 99.96 per cent of the share capital represented at the AGM.

The Executive Board took the AGM as an opportunity to again present its Strategy 2023 in greater detail. With the bolstering of its traditional Rail business, the expansion of its service offerings and the knowledge transfer of its high level of DC expertise to drive forward innovative applications in new, high-growth markets such as New Energy, New Industry and E-Mobility, revenue is expected to reach between EUR 750 and 800 million by 2026. Focusing strongly on the Group's financial performance, the EBIT margin as a percentage of revenue is expected to reach a high single-digit figure by that point.

The results of voting at the Annual General Meeting 2021 and all the accompanying documents are available on the Schaltbau Holding AG website (schaltbaugroup.com) in the Investor Relations section under Annual General Meeting.

About the Schaltbau Group
Schaltbau Holding AG (ISIN: DE000A2NBTL2) is listed in the Prime Standard segment of the regulated market of Deutsche Börse AG in Frankfurt am Main. With annual Group revenue in the region of EUR 500 million and around 3,000 employees, Schaltbau is an internationally leading supplier of systems and components in the field of transportation technology and the capital goods industry. With Pintsch, Bode, Schaltbau and SBRS as their core brands, Schaltbau Group companies develop a wide range of high-quality technologies and customer-specific technological solutions for rolling stock, rail infrastructure, passenger vehicles and commercial vehicles. As one of the few specialists for smart DC energy concepts, the Schaltbau Group is also a driver of innovation for the fast-growing markets of tomorrow such as New Mobility, New Energy and New Industry.
To find out more about the Schaltbau Group, go to: https://schaltbaugroup.com

Contact:
Dr. Kai Holtmann
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstrasse 5
81829 Munich
Germany
P +49 89 93005-209
[email protected]