CORPORATE NEWS

Daldrup & Söhne AG: Changes in the Supervisory Board and reorganization of the Management Board

- Wolfgang Clement will resign from the Supervisory Board

- Josef Daldrup appointed as member of the Supervisory Board

- Bernd Daldrup appointed to the Management Board

Oberhaching / Ascheberg, July 23, 2020 - Wolfgang Clement, former Federal Minister, will resign from his Supervisory Board mandate at the end of the Annual General Meeting on August 27, 2020. The administration proposes to the Annual General Meeting that Heinrich Goßheger, retired bank director, be elected as a new member of the Supervisory Board.

As announced, Josef Daldrup has resigned from the Management Board with the approval of the Supervisory Board. He has been appointed as a member of the Supervisory Board by the Munich Local Court. The appointment was made for the period until the end of the next Annual General Meeting of the Company for the former member of the Supervisory Board Joachim Rumstadt, who had resigned from the Supervisory Board on December 31, 2019. At the ordinary (virtual) Annual General Meeting to be held on August 27, 2020, Josef Daldrup will be proposed for election as a new member of the Supervisory Board of Daldrup & Söhne AG.

The Supervisory Board of Daldrup & Söhne AG (ISIN DE0007830572) has appointed Bernd Daldrup (35) to the Management Board. The graduate engineer is responsible for the business areas technology, human resources and project management in deep and medium depth geothermal energy. After training as a well constructor, Bernd Daldrup studied geotechnics and applied geology at the Georg Agricola University of Applied Sciences in Bochum. Since 2009 he has been working in the family business and as a project manager he supervised numerous wells in the business fields of deep geothermal energy, exploration and special civil engineering throughout Europe. In 2010 he was appointed Managing Director of J.D. Apparate- und Maschinenbau GmbH, and since 2013 he has been responsible for Daldrup & Söhne AG as an authorised signatory.

Andreas Tönies (54), member of the Management Board of Daldrup & Söhne AG since 2005, will assume the function of Spokesman of the Management Board as announced. He represents the company on the capital market and is responsible for the departments Purchasing, Investments and Legal Affairs. Furthermore, the project development division deep drilling is part of his area of responsibility.

Executive Board member Peter Maasewerd (60) has been a member of the Executive Board since 2001. His area of responsibility includes shallow and medium-deep geothermal energy projects, general drilling technology, contract and addendum management, and digitalization.

Stephan Temming (49) has been a member of the Executive Board of Daldrup & Söhne AG since 2019. He heads the departments Finance, Controlling, Investor Relations and together with Andreas Tönies the Investment Management.

About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 70 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).

Disclaimer
This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America ("USA"), Canada, Australia or Japan.

Press & Investor Relations contact
Daldrup & Söhne AG
Falk v. Kriegsheim
Fon +49 (0)2593-9593-29

Bajuwarenring 17a [email protected]
82041 Oberhaching www.daldrup.eu