Drillisch AG: Implementation of the planned change in the Management Board

DGAP-News: Drillisch AG / Key word(s): Change of Personnel/Miscellaneous Drillisch AG: Implementation of the planned change in the Management Board 17.10.2017 / 12:19 The issuer is solely responsible for the content of this announcement. Drillisch AG: Implementation of the planned change in the Management Board following closing of the overall transaction Maintal, October 17, 2017. The Local Court Hanau has appointed Mr. Kurt Dobitsch, Mr. Kai-Uwe Ricke and Mr. Michael Scheeren as members of the Supervisory Board of Drillisch AG with effect as of October 16, 2017. The appointment of the three candidates named by United Internet AG took place after the closing of the step-by-step acquisition of 1 & 1 Telecommunication SE by Drillisch AG. This had already been agreed in principle by Drillisch AG and United Internet AG in the Business Combination Agreement concluded between them on May 12, 2017 and set out in the Joint Opinion of the Management Board and the Supervisory Board under Section 27 of the German Acquisition and Takeover Act on the public tender offer of United Internet AG and in the voluntary public tender offer of United Internet AG. Mr. Kurt Dobitsch, Mr. Kai-Uwe Ricke and Mr. Michael Scheeren are replacing Dr. Susanne Rückert and Mr. Frank Rothauge, who both resigned as envisaged in the Business Combination Agreement, and Dr. Bernd H. Schmidt, who already resigned from the Supervisory Board of Drillisch AG at the end of May. Dr. Rückert has been a member of the Supervisory Board since 2012 and served most recently as Deputy Chairman of the Supervisory Board of Drillisch AG. Mr. Rothauge has been a member of the Supervisory Board of our company since 2013. During this time they closely supported the development of Drillisch AG and most recently the acquisition of 1 & 1 Telecommunication SE in their function as Supervisory Board members. They resigned from office in order to enable an adequate representation of United Internet AG on the Supervisory Board. "For this and for their commitment to the company over many years and performance during their tenure we are highly indebted to Dr. Rückert and Mr. Rothauge as well as Dr. Schmidt", emphasizes Supervisory Board Chairman Marc Brucherseifer. Mr. Scheeren is chairman and Mr. Dobitsch and Mr. Ricke are each members of the Supervisory Board of 1 & 1 Telecommunication SE and have many years of experience in the area of telecommunication services. Mr. Kurt Dobitsch has further served many years as chairman of the Supervisory Board of United Internet AG and now looks back on more than 40 years of experience in the information and telecommunication services industry. Mr. Kai-Uwe Ricke has been working for more than 30 years for various companies in the area of telecommunications and has also served as a member of the Supervisory Board of United Internet AG since 2008. Mr. Michael Scheeren had already worked for more than 13 years in the banking sector when he was appointed as Chief Financial Officer of United Internet AG in 1991. Since 2002 Mr. Michael Scheeren has served as a member of the Supervisory Board of United Internet AG. "In addition to their comprehensive expertise and specific knowledge of the group, all three new members will also bring to the Supervisory Board of Drillisch AG their substantial previous and expert knowledge that they have gained about the corporate structure of 1 & 1 Telecommunication SE, which is particularly important for the combination of 1 & 1 Telecommunication SE and Drillisch AG", said Supervisory Board chairman Marc Brucherseifer.   Drillisch AG Drillisch AG is one of the largest network-independent telecommunications providers in Germany. The company offers a comprehensive portfolio of products and services for line-connected as well mobile voice and data services. In the premium segment, Drillisch concentrates on its brand 1&1. The brand for the offline segment is yourfone, which lends its name to the more than 200 stores Drillisch operates in top locations in German cities. In addition, many other successful mobile communications brands are part of Drillisch AG, including smartmobil.de, simply, sim.de, McSIM, helloMobil, winSIM and discoTEL. Investor Relations: Oliver Keil Telephone: +49 6181 / 412-200 E-mail: [e-mail] Press: Archibald Preuschat Telephone: +49 6181 / 412-143 E-mail: [e-mail] 17.10.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Drillisch AG
	Wilhelm-Röntgen-Straße 1-5
	63477 Maintal
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.drillisch.de
ISIN:	DE0005545503
WKN:	554550
Indices:	TecDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

End of News	DGAP News Service

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