SHW AG: Chairman of the Supervisory Board Anton Schneider to step down at end of the year - Georg Wolf proposed as his successor

DGAP-News: SHW AG / Key word(s): Change of Personnel27.11.2013 / 17:17---------------------------------------------------------------------PRESS RELEASE Chairman of the Supervisory Board Anton Schneider to step down at end ofthe year - Georg Wolf proposed as his successorAalen, 27 November 2013. Today, Chairman of the Supervisory Board of SHW AGAnton Schneider announced that he will step down from his position asSupervisory Board member and Chairman effective 31 December 2013.His decision takes place against the background of the placement all SHWshares owned by Nordwind Capital on the capital market in early November.Mr Schneider has been a member of the Supervisory Board of SHW AG since thetakeover by Nordwind Capital in October 2005.The Management Board and Supervisory Board have expressed their regret athis decision and sincerely thank Mr Schneider for his outstanding serviceand strong commitment over the past few years. Mr Schneider played a keyrole in the development of SHW AG to one of the leading automotivesuppliers of CO2-relevant pumps and engine components as well as brakediscs. During his tenure as Chairman of the Supervisory Board, the decisionwas taken to float SHW AG on the stock market, which successfully occurredon 7 July 2011 despite a very difficult market environment.It is intended to file a request for judicial completion of the company'sSupervisory Board pursuant to Section 104 para. (1) and (2) of the GermanStock Corporation Act. Both the Management Board and the Supervisory Boardhave resolved to propose Mr Georg Wolf, most recently Chairman of the Boardof Directors at ixetic GmbH (now Magna Powertrain GmbH) as candidate forthe Supervisory Board. Further, the Supervisory Board has also decided thatin the event of Mr Wolf being appointed to the Supervisory Board, he wouldbe elected as chairman. About SHWThe enterprise was established in 1365, making it one of the oldestindustrial enterprises in Germany. Today, SHW AG is a leading automotivesupplier with products that contribute substantially to a reduction of fuelconsumption and consequently CO2 emissions. In its Pumps and EngineComponents business segment, the SHW Group develops and produces pumps forpassenger cars and truck and off-highway applications, e.g. trucks,agricultural and construction vehicles, stationary motors and wind powerstations. The Brake Discs business segment develops and produces monoblocventilated brake discs made of cast iron and lightweight brake discs madefrom a combination of an iron friction ring and an aluminium pot. Customersof the SHW Group include leading European and North American automobilemanufacturers, manufacturers of commercial, construction and agriculturalvehicles and other automotive suppliers. The SHW Group currently has fourmanufacturing sites in Germany. These are located in Bad Schussenried,Aalen-Wasseralfingen, Tuttlingen-Ludwigstal and Neuhausen ob Eck. Withslightly more than 1,000 employees, the SHW Group generated sales fromcontinuing operations in 2012 of EUR 325 million. Further information isavailable at:www.shw.deContact personMichael SchicklingHead of Investor Relations & Corporate CommunicationsSHW AGTelephone: +49 (0) 7361 502 462Email: michael.schickling@shw.deFuture-oriented statementsThis press release contains certain future-oriented statements that arebased upon current assumptions and forecasts made by the management of SHWAG. Various known and unknown risks, uncertainties and other factors maylead to the actual results, financial position, development or performanceof the company deviating considerably from the appraisals specified here.The company assumes no obligation to update future-oriented statements ofthis nature or adapt them to future events or developments.NoteThis announcement does not constitute an offer to sell securities in theUnited States of America, Canada, Australia, Japan or any otherjurisdictional territory where offers are subject to statutoryrestrictions. The securities named in this announcement may only be sold oroffered for sale in the United States of America following their priorregistration in accordance with the provisions of the version of the USSecurities Act of 1933 currently in force (the 'Securities Act') or,without prior registration, only on the basis of an exemption. Unlessprovided for by certain exceptions within the Securities Act, thesecurities named within this announcement may not be sold or offered forsale in Australia, Canada or Japan, nor may they be sold or offered forsale to or for account of residents of Australia, Canada or Japan. Noregistration of the offer or sale of the securities named in thisannouncement will take place, as stipulated by the relevant statutoryprovisions in Canada, Australia and Japan. There is no public solicitationto buy securities in the United States of America.End of Corporate News---------------------------------------------------------------------27.11.2013 Dissemination of a Corporate News, transmitted by DGAP - acompany of EQS Group AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------Language:    English                                           Company:     SHW AG                                                         Wilhelmstrasse 67                                              73433 Aalen-Wasseralfingen                                     Germany                                           Phone:       +49 7361 502-1                                    Fax:         +49 7361 502-674                                  E-mail:      ir@shw.de                                         Internet:    www.shw.de                                        ISIN:        DE000A1JBPV9                                      WKN:         A1JBPV                                            Listed:      Regulierter Markt in Frankfurt (Prime Standard);               Freiverkehr in Berlin, Düsseldorf, Stuttgart        End of News    DGAP News-Service  ---------------------------------------------------------------------  242013 27.11.2013