Date: 2013-08-01

Schaeffler launches new senior secured bonds to refinance bank debt

* New bonds in Euro and US-Dollar with total volume of approx. #8364;1 billion
* Proceeds used to refinance bank loans
* Improved credit terms

Monday, Schaeffler AG announced a next comprehensive refinancing of its senior debt. As part of the transaction, the company intends to issue new high yield bonds, consisting of Euro and US-Dollar tranches with an issue size of approximately one billion Euro which will partially prepay outstanding bank loan facilities. The remaining bank loan volume will be refinanced with improved terms and conditions and extended maturities. Through these measures, the company

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