Press release: Off-exchange transactions amongst members of the Schindler shareholder agreement

Press release

January 8, 2020

Off-exchange transactions amongst members of the Schindler shareholder agreement

To secure the families' status and commitment to Switzerland as a location long-term Schindler majority shareholder to reallocate shares between generations

Schindler Holding's majority shareholders have been bound by a shareholder agreement for decades. The member families hold 71% of voting rights and 44% of total capital. Members of the shareholders agreement reallocate shares from the fourth to the fifth generation to secure the families' status and commitment to Switzerland as a location long-term.

Up to 15 transactions amongst members of the shareholders agreement are expected to take place in the next two years. These transactions could range between CHF 20 million and CHF 350 million each. The first transaction at CHF 317 million was closed on December 27, 2019.

For further information:

Nicole Wesch, Head Corporate Communications Tel. [phone], [e-mail]

Marco Knuchel, Head Investor Relations Tel. [phone], [e-mail]

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