SHW AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

To:
SHW AG
Board
Wilhelmstrasse 67
73433 Aalen

6 April 2017

Disclosure pursuant to Section 27a (1) of the German Securities Trading Act (Wertpapierhandelsgesetz - WpHG)

Dear Sir or Madam!

We refer to the voting rights notification (group report) pursuant to § 21 WpHG of QCP Swiss AG, QINO Capital Partners AG, SWISSBURG AG and OCEAN Consulting GmbH in connection with the exceedance of the 10 per cent threshold.

In accordance with section 27a WpHG, we hereby announce, in the name of and in the power of the above companies:

1. the investment represents a financial shareholding with the aim of generating trading profits.

2. we are considering obtaining further voting rights within the next twelve months through acquisition or otherwise, depending on the development of the share price and the further operating performance of SHW AG.

3. we reserve the right to influence, in the interest of a balanced consideration of the shareholdings, the composition of the administrative, managing and supervisory bodies of the issuer,

4. we do not seek a significant change to the capital structure of the company, in particular regarding the ratio of equity and debt financing, but reserve the right to possibly influence the dividend policy of the company, within the framework of the statutory shareholder rights.

5. the voting rights we have acquired directly have been financed with own equity and external capital.

Kind regards,

Ewald Oberhammer