Zumtobel Group AG: 47th general meeting of the Zumtobel Group approves higher dividend and paves the way for share buyback programme

Dornbirn, Austria (pta029/28.07.2023/14:00 UTC+2)

• Dividend increased from EUR 0.35 to EUR 0.40 per share
• Authorisation of the Management Board to repurchase the company's shares
• Management and Supervisory Boards released from liability
• Mandates of Supervisory Board members Karin Zumtobel-Chammah and Eva Kienle extended
• Karin Zumtobel-Chammah re-elected as Chairwoman of the Supervisory Board after the General Meeting

At today's 47th General Meeting of the Zumtobel Group, the shareholders unanimously approved the proposal to increase the dividend from EUR 0.35 to EUR 0.40 per share. The shareholders or their representatives in attendance represented roughly 56.49% of the company's share capital.

The approved dividend is the fourth in succession, and the amount per share has increased every year. In spite of the challenging economic and political environment, the Zumtobel Group recorded the best operating results in the last 14 years during the 2022/23 financial year. The company is now sharing this success with its shareholders: The distribution of the planned EUR 0.40 per share represents approximately 30% of the net profit. Based on the closing price for the 2022/23 financial year, the dividend yield equals 5.6%. The dividend will be paid on 4 August 2023.

The General Meeting also authorised the Management Board, with the approval of the Supervisory Board, to repurchase the company's shares at an amount representing up to 10% of share capital during a period of 30 months, over the stock exchange or over the counter. The Management Board was also authorised to reduce share capital, with the approval of the Supervisory Board, through the withdrawal of all company shares purchased up to the date of the General Meeting without a further resolution by the General Meeting. The company currently holds 353,343 treasury shares.

Approval of all other proposed resolutions
The General Meeting released the Supervisory Board and Management Board from liability for the 2022/23 financial year. PwC Audit Wirtschaftsprüfungs GmbH (Vienna) was elected to audit the separate and consolidated financial statements for the 2023/24 financial year. The previous Supervisory Board Chairwoman Karin Zumtobel-Chammah and Supervisory Board member Eva Kienle were re-elected for a term extending to the 2025/26 financial year. In addition, Mrs. Zumtobel-Chammah was re-elected Chairwoman at the Supervisory Board meeting which followed the General Meeting.

Voting results and all other important documents related to the 47th General Meeting of Zumtobel Group AG in 2023 can be found at https://z.lighting/en/group/investor-relations/shareholder-meetings/.

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Emitter:	Zumtobel Group AG Höchster Straße 8 6850 Dornbirn Austria
Contact Person:	Eric Schmiedchen
Phone:	+43 5572 509 1125
E-Mail:	eric.schmiedchen@zumtobelgroup.com
Website:	z.lighting
ISIN(s):	AT0000837307 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)