SHW AG: Manufacturer of fully electric vehicles cancels major order

SHW AG / Key word(s): Miscellaneous

24-Jan-2017 / 11:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Publication of insider information according to Article 17 MAR

SHW AG: Manufacturer of fully electric vehicles cancels major order

Aalen, 24 January 2017

In September 2016, SHW Automotive GmbH, a wholly owned subsidiary of SHW
AG, received an order from a manufacturer of fully electric vehicles as a
system supplier of electric axle drive pumps, with a lifetime sales volume
of approx. EUR 100 million (SHW ad hoc announcement of 30 September 2016).
The manufacturer has today cancelled this order and requested SHW
Automotive GmbH to cease its preparations for the start-up of series
production.

As main reason for the cancellation, the manufacturer states the non-
alignment of the technical specifications for the axle drive pumps with the
requirements of the model in question.

SHW does not consider the reasons given by the manufacturer to be valid.
SHW is therefore assessing the legal effectiveness of the order
cancellation as well as its legal consequences and reserves the right to
claim damages.

SHW continues to be confident of its ability to sustainably participate in
the development of the electromobility market.

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   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:      Regulated Market in Frankfurt (Prime Standard); Regulated
                Unofficial Market in Berlin, Dusseldorf, Stuttgart,
                Tradegate Exchange



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