2019-09-30 - Ad-hoc: Change Board of Directors

STEICO SE: Changes in the composition of the Board of Directors as of 1 January 2020

• Thorsten Leicht will become responsible for production from 1 January 2020
• Heiko Seibert (Sales) and Holger Jödecke (Production) are leaving the company at the end of 2019

Feldkirchen near Munich, 30 September 2019 - (ISIN DE000A0LR936) - The Board of Directors of STEICO SE today appointed Thorsten Leicht as Managing Director for Production with effect from 1 January 2020. Mr. Leicht has extensive experience as an executive with a focus on corporate development and operational management with experience in the sawmill industry, the wood industry, packaging and prefabricated construction. Mr. Leicht is to set the course for further growth in the production area.

Heiko Seibert (Sales) and Holger Jödecke (Production) are leaving the company at the end of their contractual terms on 31 December 2019. The Board of Directors and the Managing Directors would like to thank Mr. Seibert and Mr. Jödecke for their long-standing dedication to the company and their work, and wish them all the very best for their personal and professional future.

The position of Managing Director Sales is to be filled shortly.

Insider information according to Section 17 of the

MAR

30 September 2019

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Company profile

STEICO develops, produces and markets ecological construction products made of renewable raw materials. STEICO is the European market leader in the wood-fibre insulation materials segment.

STEICO is positioned as a system provider for ecological residential construction and is the only manufacturer in the industry to offer an integrated wooden construction system in which ecological insulation material and construction components supplement each other. These include elements for the supporting structure including laminated veneer lumber and I-joists, flexible and stable wood fiber insulation panels, composite thermal insulation systems, insulation panels with a reinforcing effect, as well as cavity wall insulation made of wood fibers and cellulose. The construction elements comprise I-joists and laminated veneer lumber. In addition, the STEICO group also produces fiberboard and operates in the wood trade.

The Munich-based company's products are used in new construction and when renovating roofs, walls, ceilings, floors and facades. STEICO's products allow the construction of future-proof, healthy buildings with a particularly high quality of living and a healthy atmosphere. STEICO's products offer reliable protection against cold, heat and also noise, and they permanently improve the building's energy efficiency.

Contact Andreas Schulze

STEICO SE Otto-Lilienthal-Ring 30 85622 Feldkirchen

Phone: [phone]

Fax: [phone]

E-mail: [e-mail] www.steico.com