DGAP-News: Siltronic AG / Key word(s): AGM/EGM Annual General Meeting of Siltronic AG 13.05.2016 / 13:26 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press release Siltronic AG Hanns-Seidel-Platz 4 81737 Munich, Germany www.siltronic.com Annual General Meeting of Siltronic AG Munich, May 13, 2016 - At the Annual General Meeting of Siltronic AG that was held in Munich on May 12, 2016, the shareholders approved the items on the agenda by a large majority. Approximately 88 percent of the share capital of Siltronic AG was represented at the meeting. The Executive and Supervisory Boards of Siltronic AG were discharged. Angela Wörl was elected to serve on the Supervisory Board as shareholder representative after having been previously ordered to temporarily serve as a Supervisory Board member by the Munich District Court on January 4, 2016, at the request of the Executive Board. Furthermore, KPMG AG Wirtschaftsprüfungsgesellschaft, Munich, was chosen to be the auditor for financial year 2016. In his speech, Chief Executive Officer Dr. Christoph von Plotho gave shareholders a comprehensive overview of Siltronic AG and the financial results for financial year 2015. "We generated sales of EUR 931 million and even succeeded in increasing this figure by 9 percent compared to 2014, despite inventory corrections by our customers in the second half and the seasonal slowdown at the end of the year," he explained. The company got off to a good start to the new year in the first quarter of 2016 by posting sales of EUR 221 million and EBITDA of just under EUR 24 million. Nevertheless, the market environment in 2016 remains challenging for Siltronic. The company currently expects sales which will be in the low to mid single-digit percentage range below the level of the previous financial year. The company expects to achieve a slight improvement in its EBITDA margin due to significantly lower currency effects from hedging and positive effects from the ongoing cost reduction program, however. Von Plotho also discussed the planned investments of around EUR 80 million in his speech. These mainly relate to a new crystal pulling hall at the site in Freiberg, the replacement of obsolete crystal pullers with state- of-the-art equipment and continued automation of manufacturing. These investments will help the company to remain competitive. "We can only achieve this if we continue to increase our yields, keep our technology up to date and increase our productivity," von Plotho emphasized. The detailed voting results as well as the speech of the CEO of Siltronic AG, Dr. Christoph von Plotho, are available in the Investor Relations/ Annual General Meeting section at www.siltronic.com. Contact: Petra Müller Director of Investor Relations & Communications Phone: +49 (0)89 8564 3133 Email: [email protected] Company profile: Siltronic is the third-largest manufacturer of hyperpure silicon wafers worldwide and partner of many leading semiconductor companies. The company has a network of state-of-the-art production sites in Europe, Asia and the USA. Siltronic develops and manufactures silicon wafers in diameters of up to 300mm. Silicon wafers are the basis for modern microelectronics and nanoelectronics. They are key components of e.g. computers, smartphones, flat-screens, navigation systems, control systems for the automotive industry and many other applications --------------------------------------------------------------------------- 13.05.2016 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: Siltronic AG Hanns-Seidel-Platz 4 81737 Munich Germany Phone: +49 89 8564 3133 Fax: +49 89 8564-3904 E-mail: [email protected] Internet: www.siltronic.com ISIN: DE000WAF3001 WKN: WAF300 Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 463641 13.05.2016