Salzgitter, June 15, 2021

Salzgitter AG

Investor Relations

38223 Salzgitter, Germany

Tel.: +49 (0)5341-21-1852

Telefax: +49 (0)5341-21-2570ir@salzgitter-ag.de

Disclosure of insider information pursuant to Article 17 MAR

SALZGITTER AG

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 better- than-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 pre- tax profit of between € 400 million and € 600 million (previously: between € 300 million and € 400 million) for the Salzgitter Group.

Contact:Markus Heidler

Head of Investor Relations Salzgitter AG Telephone: +49 (0)5341 21-1852 email: heidler.m@salzgitter-ag.de Internet: www.salzgitter-ag.com

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Salzgitter AG published this content on 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 13:27:02 UTC.