Knorr-Bremse invites shareholders to Annual General Meeting, and executor provides information on status of foundation establishment process

Bremse AG published its invitation to the Annual General Meeting on May 24, 2022. As of now, stockholders can find all the relevant information on the website https://www.knorr-bremse.com/….

There are some important personnel-related matters on the agenda: As planned, Prof. Klaus Mangold is to retire from his post as Chair and will leave the Supervisory Board for reasons of age. At the Annual General Meeting the Board will propose Dr. Reinhard Ploss for election as successor to Prof. Klaus Mangold. Dr. Thomas Enders is also retiring from his Supervisory Board post to take up new business challenges elsewhere. To replace him, Dr. Sigrid Nikutta, since January 1, 2020 Management Board Member for Freight Transport at Deutsche Bahn AG, is proposed to the Annual General Meeting as a new member of the Supervisory Board.

The Executive Board and Supervisory Board of Knorr-Bremse AG have also decided to propose to the Annual General Meeting a dividend of EUR 1.85 per share for the financial year 2021 – an increase of around 22% compared to the previous year. This corresponds to 46% of net income in 2021. If this proposal is approved, Knorr-Bremse AG will have distributed more than EUR 1.1 billion to shareholders since its IPO in 2018.

As reported, the essential interests of the Thiele family will in future be represented by a family foundation in accordance with the will of Heinz Hermann Thiele. In advance of the Annual Shareholders‘ Meeting, the executor, Robin Brühmüller, has informed the Executive Board and Supervisory Board of Knorr-Bremse AG that the establishment of the foundation is well on track, but that – contrary to the original timetable – it is still being delayed by legal issues and official requirements. The executor has emphasized to Knorr-Bremse that this will not change the role of the foundation as a long-term anchor stockholder in Knorr-Bremse.

The company will be informed as soon as the date for establishment of the foundation has been set.

Über die Knorr-Bremse AG

Knorr-Bremse (ISIN: DE000KBX1006, Tickersymbol: KBX) is the global market leader for braking systems and other systems for rail vehicles. Knorr-Bremse’s products make a decisive contribution to greater safety and energy efficiency on rail tracks and roads around the world. About 30,500 employees at over 100 sites in more than 30 countries use their competence and motivation to satisfy customers worldwide with products and services. In 2021, Knorr-Bremse’s two divisions together generated revenues of EUR 6.7 billion. For more than 115 years the company has been the industry innovator, driving developments in mobility and transportation technologies with an edge in connected system solutions. Knorr- Bremse is one of Germany’s most successful industrial companies and profits from the key global megatrends: Urbanization, Sustainability, Digitalization and Mobility.

Firmenkontakt und Herausgeber der Meldung:

Knorr-Bremse AG
Moosacher Straße 80
80809 München
Telefon: +49 (89) 3547-0
Telefax: +49 (89) 3547-2767
http://www.knorr-bremse.de

Ansprechpartner:
Alexandra Bufe
Head of Corporate Communications
Telefon: +49 (89) 3547-1402
E-Mail: alexandra.bufe@knorr-bremse.com
Andreas Spitzauer
Investor Relations
Telefon: 9 3547 182310 / +49 175 5281320
E-Mail: andreas.spitzauer@knorr-bremse.com
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