EANS-General Meeting : Lenzing AG / Invitation to -3-

date of birth/company register number of the shareholder) must be named in the 
corresponding E-mail. In order to enable the Company to establish the identity 
and correspondence with the deposit certificate, we request that in this case 
you please also state your deposit number in the E-mail. 
 
Please note that reasonable time limits will be set by the Chairman during the 
Annual General Meeting. 
 
Further information and modalities for exercising the shareholders' right to 
information pursuant to Section 118 of the Stock Corporations Act (AktG) will be 
specified in the Participation Information. 
 
5. Motions by shareholders at the General Meeting in accordance with Section 119 
of the Stock Corporations Act 
Any shareholder - irrespective of a specific shareholding - is entitled to 
submit motions on any item on the agenda at the virtual General Meeting pursuant 
to COVID-19-GesG und der COVID-19-GesV by its independent proxy. 
 
The point in time up to which instructions for submitting motions to the 
independent proxy are possible shall be determined by the Chairman in the course 
of the virtual General Meeting. 
 
The requirement for this is the proof of entitlement to participate in 
accordance with item IV. of this invitation and the granting of a corresponding 
power of attorney to the independent proxy in accordance with item V. of this 
invitation. 
 
A shareholder proposal for the election of a Supervisory Board member requires 
the timely submission of a resolution proposal in accordance with Section 110 
Stock Corporations Act: Persons for election to the Supervisory Board (item 6 of 
the agenda) may only be proposed by shareholders whose shares together amount to 
1% of the share capital. Such nominations must be received by the Company no 
later than 07 April 2021 in the manner specified above (item VI para. 2). Each 
nomination must be accompanied by a declaration pursuant to Section 87 para 2 of 
the Stock Corporations Act of the nominee's professional qualifications, 
professional or comparable functions, and any circumstances that could give rise 
to concern about bias. 
 
Otherwise, the shareholder proposal for the election of a Supervisory Board 
member may not be considered in the vote. 
 
Further information and modalities for the exercise of the shareholders' right 
to submit motions in accordance with Section 119 Stock Corporations Act (AktG) 
are set out in the Participation Information. 
 
6. Information to shareholders regarding data processing 
6.1 Which personal data of shareholders is processed and for what purposes? 
Lenzing Aktiengesellschaft processes personal data of shareholders (in 
particular those pursuant to Section 10a para 2 Stock Corporations Act, i.e. 
name, address, date of birth, number of the securities deposit, number of shares 
of the shareholder, type of share if applicable, number of the voting card and, 
if applicable, name and date of birth of the independent proxy) on the basis of 
the applicable data protection regulations, in particular the European General 
Data Protection Regulation ("GDPR") and the Austrian Data Protection Act 
("DSG"), in order to enable shareholders to exercise their rights at the General 
Meeting. 
 
In this connection the shareholders' personal data is processed for the 
following purposes: 
 
 
* Organization and holding of General Meetings, including verification of the 
  right to attend/power of proxy and determination of the voting ratio 
* Participation of shareholders in the General Meeting and exercise of 
  shareholder rights 
* Preparation of registration, power of proxy and attendance lists 
* Preparation of the minutes of the General Meeting 
* Fulfillment of compliance obligations, including recording, disclosure and 
  reporting obligations. 
 
 
The processing of the shareholders' personal data is mandatory for the 
participation of shareholders and their representatives in the General Meeting 
in accordance with the Stock Corporations Act. The legal basis for the 
processing therefore is Art 6 sub-section 1 lit c GDPR (compliance with a legal 
obligation). For the processing Lenzing Aktiengesellschaft is controller as 
defined in Art 4 pt. 7 GDPR. 
 
6.2 To whom is the shareholders' personal data transferred? 
Lenzing Aktiengesellschaft uses external service providers, such as notaries, 
lawyers, banks and IT service providers, for the purpose of organizing the 
General Meeting. These service providers receive only such personal data from 
Lenzing Aktiengesellschaft as is necessary for the performance of the 
commissioned service, and, where they are processors as defined in Art 4 pt. 8 
GDPR, process the data solely on instructions of Lenzing Aktiengesellschaft. 
Where legally required, Lenzing Aktiengesellschaft has concluded a data 
protection agreement with these service providers. 
 
If a shareholder participates in the General Meeting, all present independent 
proxies pursuant to Section 3 para 4 COVID-19-GesV, the members of the 
Management Board and Supervisory Board, the notary and any other person with a 
legal right to attend may view the list of participants stipulated by statute 
(Section 117 Stock Corporations Act) and thereby also have access to the 
personal data contained therein (inter alia name, place of residence, 
shareholding relationship). Lenzing Aktiengesellschaft also has the statutory 
obligation to submit the shareholders' personal data (in particular the list of 
participants) to the commercial register at the competent commercial register 
court (Section 120 Stock Corporations Act) as part of the notarial protocol. 
In addition, the shareholders' personal data may also be transferred to the 
competent authorities or bodies if necessary. 
 
6.3 How long is the shareholders' personal data stored? 
Shareholders' data will be anonymized or deleted as soon as it is no longer 
necessary for the purposes for which it was collected or processed, and no other 
legal obligations require further storage. Obligations to provide evidence and 
to retain records arise in particular from corporate, stock corporation and 
takeover law, from tax and duties law as well as from anti money laundering 
regulations. If legal claims are made by shareholders against Lenzing 
Aktiengesellschaft or vice versa by Lenzing Aktiengesellschaft against 
shareholders, the storage of personal data serves to clarify and enforce claims 
in individual cases. In connection with proceedings before civil courts, this 
can lead to storage of data for the duration of the statute of limitations plus 
the duration of the court proceedings up to its legally binding conclusion. 
 
6.4 What rights do shareholders have with regard to their personal data? 
Every shareholder has a right to access, rectification, restriction, objection 
and deletion at any time with regard to the processing of personal data as well 
as a right to data portability in accordance with Chapter III GDPR. Shareholders 
can assert these rights against Lenzing Aktiengesellschaft free of charge by 
contacting the E-mail address [e-mail] or by using the following 
contact details: 
Lenzing Aktiengesellschaft 
AT-4860 Lenzing, Werkstraße 2 
 
In addition, shareholders have the right to lodge a complaint with the data 
protection supervisory authority pursuant to Art77 GDPR. 
 
6.5 Further information 
Further information on data protection can be found in the data protection 
declaration on the website of Lenzing Aktiengesellschaft www.lenzing.com under 
menu items "Investors" and "General Meeting". 
 
VII. Further information and references 
1. Total number of shares and voting rights at the date of convocation 
At the date of convocation of the virtual General Meeting, the nominal capital 
of the Company amounts to EUR 27.574.071,43 and is divided into 26.550.000 no- 
par value bearer shares. Each no-par value share grants one vote at the virtual 
General Meeting. 
 
The Company does not hold any treasury shares at the time of convening the 
virtual General Meeting. 
 
There are no multiple classes of shares. 
 
2. No physical presence 
We would like to expressly point out once more that neither shareholders nor 
guests will be personally admitted to the upcoming General Meeting as a virtual 
General Meeting in accordance with COVID-19-GesV at the location of the Annual 
General Meeting. 
 
This document is published in German and in a non-binding English convenience 
translation. 
 
Lenzing, March 2021 
The Management Board 
 
 
 
Further inquiry note: 
Sébastien Knus 
Vice President Capital Markets a.i. 
Lenzing AG 
Phone: [phone] 
E-mail: [e-mail] 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

March 16, 2021 05:30 ET (09:30 GMT)