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3. January 2020

SCHMOLZ + BICKENBACH receives notice from Liwet Holding AG to withdraw a request to convene an extraordinary general meeting

THIS COMMUNICATION OR THE INFORMATION CONTAINED THEREIN ARE NOT BEING ISSUED AND MAY NOT BE DISTRIBUTED IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN AND DO NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN SUCH COUNTRIES.

Lucerne, January 3, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, informs that its major shareholder Liwet Holding AG ("Liwet") has withdrawn a request to convene an extraordinary general meeting to replace the Board of Directors.

In the course of the then planned capital increase, Liwet requested on October 29, 2019 to convene an extraordinary general meeting. Following the compromise reached between the major shareholders BigPoint Holding AG and Liwet at the extraordinary general meeting on December 2, 2019, Liwet has now informed the board of directors that it will waive its request to convene an extraordinary general meeting.

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This communication constitutes neither an offer to sell nor a solicitation to buy securities of SCHMOLZ + BICKENBACH AG and it does not constitute a prospectus or a similar notice within the meaning of article 652a and/or article 752 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. The offer and listing will be made solely by means of, and on the basis of, a securities prospectus which is to be published. An investment decision regarding the publicly offered securities of SCHMOLZ + BICKENBACH AG should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge at SCHMOLZ + BICKENBACH AG, Landenbergstrasse 11, CH-6005 Lucerne (telephone number: +41 (0) 41 581 40 00, facsimile: +41 (0) 41 209 51 04 or email: ir@schmolz-bickenbach.com).

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