Salzgitter AG 2015 reorganization program:

Fundamental change to Group organization decided

Rainer Thieme, Chairman of the Supervisory Board of Salzgitter AG, announced that the Supervisory Board had approved a fundamental change to the Group organization in its meeting on September 26, 2013. The Group organization is geared to the principles of strong customer and market orientation, a clear and lean management structure, along with high process efficiency. The new Group structure will take effect on January 1, 2014.

The Group companies will be organized into five divisions: Flat Steel, Plate/Section Steel, Energy, Trading and Technology. The service companies, which primarily operate within the Group, will either be allocated to the business segments of their largest Group customers or managed centrally in one of the areas of Executive Board responsibility.

The Executive Board of Salzgitter AG will comprise three members in the future: the Chief Executive Officer, the Chief Financial Officer and the Industrial Relations Director. The active management of the divisions will be carried out by the "Group Management Board", a new executive body.

The Executive Board members Wolfgang Eging and Heinz Groschke will stay on as members of the Executive Board, performing their duties as heads of the Energy and Trading divisions respectively as from January 1, 2014, until they take their retirement in 2014.

With these Supervisory Board decisions on the new Group structure and the signing of the Pact for the Future, all the necessary prerequisites have been set in place for the swift implementation of the groupwide "Salzgitter AG 2015" reorganization project. The program is geared toward stabilizing the competitiveness of the Salzgitter Group in a difficult market environment that is determined by a structural crisis in the European steel industry. It therefore serves to secure the company's independence while safeguarding as many jobs as possible.