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14. March 2008

Change in the management of SCHMOLZ+BICKENBACH International GmbH

G√ľnter Fuhry will relinquish his position as President of the Executive Management of SCHMOLZ+BICKENBACH International GmbH at his own wish, for private reasons, and leave our company on March 31, 2008.

We thank him most cordially for his committed support in building up our international distribution organisation. As a result of this situation, the executive management of SCHMOLZ+BICKENBACH International GmbH will be restructured, and in the future comprise Benedikt Niemeyer (President), Axel Euchner, Marcel Imhof, Said Mirabzadeh and Victor Polard.

As from the same date, and in view of its importance as a steel producer, A. Finkl & Sons Group, Chicago, which was formerly part of SCHMOLZ+BICKENBACH International GmbH, will be established as a separate business division. Bruce C. Liimatainen, CEO of the Finkl Group, is appointed Divisional Manager and a member of the Group Executive Committee.

Henceforward, SCHMOLZ+BICKENBACH International GmbH comprises the distribution organisation of our Group outside Europe. It has a workforce of 1'700 employees.

Contact persons for further information are:

Benedikt Niemeyer, CEO, phone +41 41 209 50 40

Marcel Imhof, COO, phone +41 41 209 51 82

Investor relations
Axel Euchner, CFO, phone +41 41 209 50 35

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