SALZGITTER AG - Disclosure of insider information pursuant to Article 17 MAR.

The Salzgitter Group raises its earnings forecast for the financial year 2021; positive business development further reinforced

After an encouraging start to the year, accompanied by a dynamic increase in rolled steel prices, the European steel market continued its uptrend in the months that followed. Given the betterthan-recently-expected earnings situation, above all in the Trading Business Unit, we are raising our earnings forecast for the financial year 2021 once more - conditionally on the assumption of a stable market development in spite of the latent coronavirus crisis. We now anticipate a pretax profit of between EUR 400 million and EUR 600 million (previously: between EUR 300 million and EUR 400 million) for the Salzgitter Group.

Contact:

Markus Heidler

Tel: +49 (0)5341 21-1852

Email: heidler.m@salzgitter-ag.de

Web: www.salzgitter-ag.com

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