Date: 2013-08-01

Joint Press Statement from the Partners of the Schaeffler Group and the IG Metall Trade Union

* Schaeffler/Conti Group will introduce co-determination
* Schaeffler partners reiterate their willingness to transfer shares in the Schaeffler Group
* The Schaeffler family will remain the main partners of the Conti/Schaeffler Group in the future
* The Schaeffler partners will implement a participation program for employees

By putting their signatures today on a joint key point paper, the partners of the Schaeffler Group, Maria-Elisabeth and Georg Schaeffler, as well as the Chairman of IG Metall, Berthold Huber, have agreed a basis for cooperation between IG Metall and the partners of the Schaeffler Group as part of safeguarding the future of the Conti/Schaeffler Group.

Berthold Huber:

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