At its meeting on July 23, 2015, the supervisory board of SMT Scharf AG has appointed Mr. Ralf Ferdinand Oberhaus (49) to succeed Mr. Heinrich Schulze-Buxloh (65) as a member of the company's managing board with responsibility for the sales and service areas, with effect as of January 1, 2016. Mr. Oberhaus holds degrees in business management and marketing from the German Business and Administration Academy (VWA), and has many years of experience in managing internationally operating German groups focusing on the mining, rail transportation and steel industries. Mr. Schulze-Buxloh will transfer his area of responsibilities to Mr. Oberhaus before leaving the company at the end of the current fiscal year for age-related reasons, and in line with his contract.

With effect already as of July 1, 2015, Mr. Wolfgang Embert (Dipl.-Ing.) was also appointed as a member of the company's managing board. As Chief Technology Officer of SMT Scharf AG, he will be responsible for the areas of construction, development and production.