DGAP-News: init innovation in traffic systems AG / Key word(s): Miscellaneous/Change of Personnel init innovation in traffic systems AG: New Management Board member at init AG 16.03.2016 / 18:46 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Supervisory Board of init innovation in traffic systems AG has after an internal restructuring unanimously appointed Dipl.-Ing. (FH) Matthias Kühn with effect of 1st April 2016 as an additional member of the Management Board of init AG. Matthias Kühn (43) will be responsible as COO for the segments ticketing, vehicle hardware and service. After completing his degree in communications engineering at the University of Karlsruhe, Mr. Kühn joined INIT GmbH - a wholly owned subsidiary of init AG - as software developer in 2001 and became team leader of the division "Mobile Telematic and Electronic Fare Collection Systems" in 2006. In 2014, he was given power of attorney and assumed the management of the division "Mobile Telematic and Electronic Fare Collection Systems". Mr. Kühn was appointed as managing director of INIT GmbH in 2015. --------------------------------------------------------------------------- 16.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: init innovation in traffic systems AG Käppelestraße 4-6 76131 Karlsruhe Germany Phone: +49 (0)721 6100 0 Fax: +49 (0)721 6100 399 E-mail: [email protected] Internet: www.initag.de ISIN: DE0005759807 WKN: 575980 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 446101 16.03.2016