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Barbara Gregor has been Board Member for Finance and Legal since December 2022. She was responsible for Accounting & Taxes, Finance & Real Estate Management (CREM), Investor Relations, Legal, Governance, Compliance, Risk Management, and Internal Audit. In addition, she was responsible for the Digitalization/IT department until February 2025.

"This was not an easy decision for me. SMA is an attractive company with a robust business model and great potential, which is also characterized by the strong commitment and expertise of its employees worldwide. I am grateful for the time during which I was able to lead the company through the comprehensive restructuring together with my colleagues on the Management Board and help shape its path into the future," said Barbara Gregor.

Uwe Kleinkauf, Chairman of the Supervisory Board of SMA Solar Technology AG: "We would like to thank Barbara Gregor for her extraordinary commitment and her achievements in the past two years, which have been very challenging for SMA. As a member of the Managing Board and an outstanding leader, she has guided SMA through the crucial phase of comprehensive financing and corporate restructuring and through challenging times. With her international experience and proven professional expertise, she has provided important impetus in the areas of Group financing, the further development of Group management as well as the financial organization and processes. On behalf of the entire Supervisory Board, I wish Barbara Gregor all the best for her personal and professional future.”

Dr. Kaveh Rouhi has been appointed by the Supervisory Board as Barbara Gregor’s successor and will take over the role of CFO at SMA on May 1, 2025. Dr. Rouhi has many years of experience in the international finance and services industry, including at a leading strategy consultancy, and extensive expertise in the areas of strategy development, business planning and controlling, and M&A. He has been Head of Finance & Controlling at SMA since July 2024 and has been jointly responsible for the development and implementation of the ongoing restructuring and transformation program since September 2024.

"On behalf of the entire Supervisory Board, I would like to welcome Dr. Kaveh Rouhi to the SMA Management Board. We are delighted to have gained a proven financial expert who has been closely involved with the company and the market over the past months and who has been instrumental in the successful launch of the restructuring and transformation program. He has already impressively demonstrated his ability to strategically position the company for the upcoming changes and to position the finance department as an important enabler. Together with Dr. Jürgen Reinert and Olaf Heyden, he will work hard to establish SMA as a global cleantech market leader after the successful completion of the restructuring," said Uwe Kleinkauf.

Disclaimer:

This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations, and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.