INDUS elects first Supervisory Board with equal representation

- Successful decentralized business model of INDUS to be continued

- Jürgen Abromeit elected new Chairman of the Supervisory Board

- Positive outlook for 2019 financial year

Bergisch Gladbach, 29 November 2018 - At the Extraordinary Shareholders' Meeting of INDUS Holding AG, a large majority of the shareholders resolved to amend the statutes and elected new Supervisory Board members representing the shareholders. The election was based on a decision by the Higher Regional Court of Düsseldorf dated 4 June 2018, according to which INDUS Holding AG is subject to the German Co-determination Act (MitbestG). Against this background, the company had to amend the statutes to comply with the provisions of the Co-determination Act and to elect new Supervisory Board members representing the shareholders.

INDUS' decentralized business model will not be affected by the equal representation on the Supervisory Board. "Our portfolio companies owe much of their success to their great entrepreneurial freedom," Dr. Johannes Schmidt, Chairman of the INDUS Board of Management, said in his speech. "Our portfolio is diversified and strong. Although the economy is growing more slowly, we are optimistic about the 2019 financial year."

About 54 % of the share capital was represented at the 2018 Extraordinary Shareholders' Meeting of INDUS. In voting on the agenda, a clear majority of the Shareholders' Meeting approved the proposals made by the Board of Management and the Supervisory Board. Four of the previous six shareholder representatives on the Supervisory Board - Dr. Jürgen Allerkamp, Dr. Dorothee Becker, Helmut Späth and Carl Martin Welcker - ran for re-election and were re-elected by the Shareholders' Meeting. Isabella Pfaller, member of the Board of Versicherungskammer Bayern (Bavarian Insurance Chamber), and Jürgen Abromeit, former Chairman of the Board of Management of INDUS Holding AG, were elected new members of the Supervisory Board.

The Supervisory Board members representing the employees will be elected in a separate election process at the INDUS Group's German locations, which is expected to be completed by 30 January 2019. Up to this date, the employees will be represented by six Supervisory Board members appointed by the court.

At the constituent Supervisory Board meeting, which was held directly after the Extraordinary Shareholders' Meeting, Jürgen Abromeit was elected Chairman of the Supervisory Board. "INDUS' unique DNA, which is based on strong values and a family culture, will be a central anchor point also in our work on the new Supervisory Board," said Jürgen Abromeit, the new INDUS Supervisory Board Chairman.

For further information on the Shareholders' Meeting, please visit www.indus.de, section 'Investor Relations / Shareholders' Meeting'.

Contact:
Nina Wolf & Julia Pschribülla
Corporate Communications & Investor Relations

INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany

Tel +49 (0) 022 04 / 40 00-73
Tel +49 (0) 022 04 / 40 00-66
E-mail [email protected]    
E-mail [email protected]
www.indus.de