The management board of SHW AG with the approval of the supervisory board, resolved a capital increase against cash contribution through partial utilisation of its authorised capital. The share capital of the company will be increased from EUR 5,851,100.00 to up to EUR 6,436,209.00 by issuing up to 585,109 new ordinary bearer shares against cash contributions under the exclusion of the shareholders' subscription rights. The new shares will carry full dividend rights as of January 1, 2014.

SHW AG will use the proceeds from the capital increase primarily to expand its capacity for the recently won serial supply contract for a global engine platform of a US OEM and for an accelerated international growth. The corresponding pumps will be produced in North America and China as well as in Europe and ensure SHW Group's international growth far into the next decade. Furthermore, SHW AG is currently in talks about additional Joint Ventures, inter alia, also for the Brake Disc business segment and assesses options for production expansion for the Pumps and Engine Components business segment in low-wage countries of Europe.