Date: 2013-08-01

Schaeffler Reduces Debt and Creates Flexibility for Further Strategic Development

(March 28, 2011)

Schaeffler Holding reduces indebtedness by approximately 2.8 billion Euros in total

Significant improvement in financing terms and conditions going forward

Sale of approx. 29.7 million shares in Continental AG by M.M.Warburg and Bankhaus Metzler to a broad range of investors

Free float of Continental AG increases from 24.9 percent to 39.7 percent

M.M.Warburg and Bankhaus Metzler are selling additional shares to Schaeffler; Schaeffler will increase its stake in Continental AG from 42.2 percent to 49.9 percent

Schaeffler GmbH to be converted into a stock corporation (Aktiengesellschaft) in 2011

The Schaeffler Group, one of the world

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