SHW AG: Manufacturer of fully electric vehicles cancels major order

SHW AG / Key word(s): Miscellaneous24-Jan-2017 / 11:10 CET/CESTDisclosure of an inside information acc. to Article 17 MAR, transmitted byDGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Publication of insider information according to Article 17 MARSHW AG: Manufacturer of fully electric vehicles cancels major orderAalen, 24 January 2017In September 2016, SHW Automotive GmbH, a wholly owned subsidiary of SHWAG, received an order from a manufacturer of fully electric vehicles as asystem supplier of electric axle drive pumps, with a lifetime sales volumeof approx. EUR 100 million (SHW ad hoc announcement of 30 September 2016).The manufacturer has today cancelled this order and requested SHWAutomotive GmbH to cease its preparations for the start-up of seriesproduction.As main reason for the cancellation, the manufacturer states the non-alignment of the technical specifications for the axle drive pumps with therequirements 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 ordercancellation as well as its legal consequences and reserves the right toclaim damages.SHW continues to be confident of its ability to sustainably participate inthe development of the electromobility market.---------------------------------------------------------------------------24-Jan-2017 CET/CEST The DGAP Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Archive at 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:      Regulated Market in Frankfurt (Prime Standard); Regulated                Unofficial Market in Berlin, Dusseldorf, Stuttgart,                Tradegate Exchange     End of Announcement    DGAP News Service