SNP | Corporate News

Dr. Klaus Kleinfeld and Dr. Karl Biesinger Elected to the SNP Board of Directors with an Overwhelming Majority of Votes

- Shareholders vote for new authorized capital of up to around EUR 3.3 million

- Excellent order situation underscores expectations for strong sales and earnings in the second half of the year 2019

Heidelberg, Germany, June 7, 2019 - With an overwhelming majority of votes, the Annual General Meeting of Schneider-Neureither & Partner SE has ratified the by-elections to the Board of Directors and elected Dr. Klaus Kleinfeld and Dr. Karl Biesinger as new members of the board. The Annual General Meeting, held on June 6, 2019, also agreed to all other proposed resolutions and discharged the Managing Directors and the members of the Board of Directors. Following the Annual General Meeting, Dr. Klaus Kleinfeld was appointed Deputy Chairman.

Among other things, the shareholders voted in favor of the creation of new authorized capital totaling up to EUR 3,301,223. The corresponding agenda item was approved with 78-percent support. Authorization was granted for the legally valid period of five years.

The background is that the last authorized capital increases, from 2015 and 2017, were used primarily to finance growth. With this new authorized capital, the company aims to ensure that it will further be able to flexibly adjust its equity base at any time in the future in keeping with requirements and opportunities that arise, and thus continue to be able to finance both organic and inorganic growth.

Due to the excellent order situation in this year to date, management expects strong sales and earnings in the second half of 2019.

The presentation of the Annual General Meeting, the detailed voting results, and other documents pertaining to the Annual General Meeting are available at http://www.snpgroup.com/en/annual-general-meeting.

About SNP

SNP SE supports organizations in adapting their business models and using new technologies. SNP software and services facilitate the implementation of business or technical modifications to business applications.

Together, CrystalBridge(R) and SNP Transformation Backbone(R) with SAP Landscape Transformation constitute the world's leading software suite for data transformations that automatically analyzes, implements and tracks changes to IT systems. As a result, they offer clear qualitative advantages, while significantly reducing the time and expense involved in transformation projects. The SNP Group has around 1,300 employees worldwide.

Headquartered in Heidelberg, the company generated revenue of approximately EUR 131 million in the 2018 fiscal year. SNP's customers are global corporations from all industries. SNP was founded in 1994 and has been publicly traded since 2000. As of August 2014, the company is listed on the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0007203705). Since 2017, the company has operated as a European stock corporation (Societas Europaea/SE).

Further information is available at www.snpgroup.com

Investor Relations Contact:

Marcel Wiskow
Tel: +49 6221 6425-637
Fax: +49 6221 6425-470
Email: [email protected]