thyssenkrupp AG (XTRA:TKA) agreed to spin of 49% stake in ThyssenKrupp Marine Systems AG on June 20, 2025. At an extraordinary meeting, the Supervisory Board of thyssenkrupp AG today approved the Executive Board?s plans to spin off of a minority interest in TKMS. The positioning as a stand-alone listed company should boost the competitiveness and growth opportunities of TKMS in the long term. The plans involve consolidating the marine business under a new holding company and transferring 49 percent of the TKMS shares to the shareholders of thyssenkrupp AG in proportion to their interest in thyssenkrupp AG. This would make the shareholders of thyssenkrupp AG direct shareholders of TKMS. The Executive Board's plans involve consolidating the marine business under a new holding company and transferring 49 percent of the TKMS shares to the shareholders of the company, making them the direct shareholders of TKMS. Through the spin-off, 51 percent ? and hence the majority interest ? of TKMS remain with thyssenkrupp AG. TKMS thus remains a fully consolidated company in the thyssenkrupp Group. The shareholders of thyssenkrupp AG will be asked to approve the plan at an extraordinary general meeting on August 8, 2025. The aim is to finalize the listing of TKMS on the Frankfurt Stock Exchange within this calendar year.

As of today?s extraordinary, meeting, the Supervisory Board also agreed to extend the contract of the Chief Executive Officer of thyssenkrupp AG, Miguel Ángel López Borrego, by five years until May 31, 2031. Mr. López?s current contract ends at the end of May 2026.