SHW Beteiligungs GmbH: Pierer Industrie Group publishes offer document concerning the voluntary partial offer to the shareholders of SHW AG

Wels (pta014/29.03.2018/09:00 UTC+2) THIS ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION IN THE USA, CANADA, JAPAN OR AUSTRALIA

* Pierer Industrie Group, main shareholder of SHW AG, publishes offer document concerning the partial offer for the acquisition of up to 1,655,540 SHW-shares (corresponding to approximately 25.72%)
* Offer price: EUR 35,- per share
* Acceptance period starts on 29.3.2018 and ends on 16.5.2018
* Transaction aims at the strategic increase of the existing investment from 49.38% up to 75.1%

Wels, 29 March 2018 - SHW Beteiligungs GmbH ("Bidder"), a subsidiary of Dipl.-Ing. Stefan Pierer and main shareholder of SHW AG that is listed in the General Standard with ISIN DE000A1JBPV9 ("SHW"), today published the offer document for the voluntary offer ("Offer") that it has announced on 19 February 2018 to the shareholders of SHW. The offer is aimed at the acquisition of up to 1,655,540 SHW-shares (corresponding to approximately 25.72 % of the share capital). The offer price amounts to EUR 35.00 per SHW share. The Bidder currently holds approximately 49.38% of the share capital and voting rights of SHW AG. The transaction serves the further strategic expansion of its existing investment up to 75.1%.

Shareholders of SHW who accept the offer prior to SHW's Annual General Meeting on 8 May 2018 will also receive the dividend resolved by the SHW Annual General Meeting. The Bidder has announced to approve the dividend proposal for the financial year 2017 at the Annual General Meeting on 8 May 2018, that was published by SHW and amounts to EUR 0.50 per SHW share.

The offer document that was published today contains all relevant information on the offer and is available on the internet at www.piererindustrie.at under the heading "Capital Market". All SWH shareholders will receive an acceptance form from their custodian banks that they can use to accept the offer.

About the Pierer Group:
The Pierer Group is a leading European vehicle group with a focus on the global motorcycle segment and the automotive high-tech component sector. The Group currently employs more than 7,000 people worldwide with a group turnover of around EUR 2.0 billion.

Additional Information (Disclaimer)

This announcement is for information purposes only and does not constitute an offer to buy or an invitation to sell securities. The offer to purchase SHW shares will be subject exclusively to the terms and conditions specified by SHW Beteiligungs GmbH in the offer document as authorized by the Federal Financial Supervisory Authority (BaFin).

This press announcement does not release the respective SHW shareholder from his/her obligation to examine the information contained in the offer document and - taking into account all available sources of information, all individual circumstances of the shareholder (in particular with regard to the individual tax situation), the applicable statutory provisions for the shareholder and the personal assessment of the future development of the share price of the SHW share - to make his/her own decision about whether or not to accept the purchase offer.

SHW Beteiligungs GmbH points out that it is not in a position and is not obliged to verify whether the SHW shareholders comply with all obligations of the individually applicable statutory provisions upon acceptance of the purchase offer. Shareholders of SHW AG wishing to accept the purchase offer should examine whether the acceptance of the purchase offer is compatible with legal obligations arising out of their personal circumstances (e.g., sales restrictions). Furthermore, SHW Beteiligungs GmbH recommends that all shareholders subject to the laws of a foreign jurisdiction may obtain information about and comply with the applicable laws. SHW Beteiligungs GmbH assumes no liability for the decision of a shareholder and recommends that each shareholder of SHW AG obtains the necessary individual tax and legal advice, if necessary.

(end)