Not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada or Japan or any other jurisdiction in which the distribution or release would be unlawful.

Disclosure of inside information pursuant to Article 17 MAR

Salzgitter AG: repurchase of outstanding Convertible Bonds successful

Salzgitter AG (the "Company"), successfully repurchased via its subsidiary Salzgitter Klöckner-Werke GmbH outstanding non-interest bearing convertible bonds due 2022 issued by Salzgitter Finance B.V. and guaranteed by the Company (ISIN DE000A1Z2G97) (the "Bonds") via a modified Dutch auction procedure announced on 6 April 2020. At the close of the reverse bookbuilding process, the Company has agreed to purchase Bonds representing EUR 47.9 million in aggregate principal amount (approximately 32% of the outstanding principal amount).

The purchase price per EUR 100,000 nominal amount will be EUR 99,875. Following the settlement of the repurchase which is expected to occur on or around 15 April 2020, an aggregate nominal amount of EUR 103 million will be outstanding.

Disclaimer

This publication may not be published, distributed or transmitted, directly or indirectly, in the United States (including its territories and possessions), Canada, Australia or Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This publication is not an extension of a tender offer in the United States for securities of Salzgitter. A tender offer for the sale of Convertible Bonds is not being made within the United States or to, or for the account or benefit of, persons located or resident in the United States.

In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

 

Contact:
Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail ir@salzgitter-ag.de

1018029  07-Apr-2020 CET/CEST