Steico SE

Board/Management Information • Aug 3, 2007

News Details

Corporate | 3 August 2007 11:55

Uto Baader is the new Chairman of STEICO AG’s Supervisory Board

STEICO Aktiengesellschaft / Change of Personnel

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.

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• Changes in Supervisory Board increase orientation to capital market

Feldkirchen, August 3, 2007 – In an election held on August 2, 2007, Uto
Baader, Baader Wertpapierhandelsbank AG's CEO, was elected as the new
Chairman of STEICO AG's Supervisory Board. STEICO, a specialist for
ecological construction materials, has been listed in the Frankfurt Stock
Exchange's Entry Standard since the end of June, 2007.

Uto Baader was elected to the Supervisory Board by way of a resolution of
STEICO AG's General Meeting on April 25, 2007, and took office on August 1,
2007. He thus replaces Dorota Spindler as a member of the Supervisory
Board, who left the Supervisory Board on July 31, 2007 and who had held the
position of Deputy Chairman. In the election on August 2, 2007, Mr.
Baader has now been elected as Chairman for one year, and thus takes over
this position from Katarzyna Schramek, who will remain in the Supervisory
Board as Deputy Chairman.

'We are happy to have been able to gain Mr. Baader, a highly competent
expert for the capital market, to chair our Supervisory Board,' commented
Udo Schramek, STEICO AG's CEO. 'We believe that his expertise will provide
sustained impulses for our company's growth. At the same time, these
changes in our Supervisory Board reinforce the path we have already
embarked upon towards enhanced orientation to the capital market.' STEICO
AG went public at the end of June 2007 in the Frankfurt Stock Exchange's
Entry Standard and Munich Stock Exchange's M:access. EUR 73.5 million
accrued to the company during the IPO.

Company profile:
The STEICO Group’s core competence is developing, producing and selling
ecological building products based on renewable raw materials. The company
already leads the European market with a 35% share of the market for
wood-fiber insulation materials. STEICO is increasingly becoming
established as a system provider for ecological building materials with the
launch of Ijoists as construction elements for timber-frame construction.
The insulation materials and Ijoists have been mutually optimized, which
provides sustainable support. The increased use of NFBs (natural fiber
boards) produced in-house as I-joist components opens up additional growth
potential for STEICO as an integrated system provider. The STEICO Group was
the first manufacturer to receive the FSC® Certificate (Forest Stewardship
Council) for all of its woodfiber insulation materials. In addition, most
of the range of insulation products is natureplus® certified. As a result,
the company is setting environmental standards – spanning the sustainable
use of forests, production and its end products.
The listed company has operations throughout Europe and currently has a
total of around 850 employees. STEICO AG’s headquarters in Feldkirchen, by
Munich, are home to its operating activities, which are at the top of the
technological range, in addition to its research and development
department. The group has continued to reinforce its sales activities in
the United Kingdom by forming STEICO Ltd. in Dartford by London in October
2006. The subsidiary STEICO S.A. produces top-quality products using
high-performance equipment at the two Polish facilities in Czarnków and
Czarna Woda, allowing the STEICO Group to realize economies of scale and
cost advantages. In the past, the STEICO Group has recorded doubledigit
growth rates and in fiscal year 2006 it recorded revenues of € 86.1 million
and EBIT of € 9.0 million. STEICO AG has been listed on the Frankfurt and
Munich Stock Exchanges (Entry Standard and M:access) since June 2007.

For further information, please visit www.steico.com.

STEICO AG
Andreas Schulze
Hans-Riedl-Straße 21
85622 Feldkirchen
Tel.: +49 (0)89 - 99 15 51-0
Fax: +49 (0)89 - 99 15 51-97
E-Mail: info@steico.com
Internet: www.steico.com

DGAP 03.08.2007

Language: English
Issuer: STEICO Aktiengesellschaft
Hans-Riedl-Str. 21
85622 Feldkirchen
Deutschland
Phone: +49 - (0)89 - 99 15 51 - 0
Fax: +49 - (0)89 - 99 15 51 - 99
E-mail: info@steico.com
Internet: http://www.steico.com
ISIN: DE000A0LR936
WKN: A0LR93
Indices:
Listed: Freiverkehr in Berlin, Düsseldorf, München; Entry Standard in
Frankfurt

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