thyssenkrupp AG — Board/Management Information 2011

May 5, 2011

News Details

Ad-hoc | 5 May 2011 22:50

ThyssenKrupp AG: THE EXECUTIVE BOARD DECIDES THE FURTHER STRATEGIC DEVELOPMENT OF THYSSENKRUPP

ThyssenKrupp AG / Key word(s): Strategic Company Decision

05.05.2011 22:50

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

THE EXECUTIVE BOARD DECIDES THE FURTHER STRATEGIC DEVELOPMENT OF
THYSSENKRUPP

The Executive Board of ThyssenKrupp AG, in its extraordinary meeting today,
has decided on extensive measures regarding the further strategic
development of the Group. ThyssenKrupp will further strengthen its
excellent engineering competences focusing on markets and customers.
ThyssenKrupp will actively seize opportunities offered by global trends,
especially in the emerging markets, in order to expand its current business
scope. At the same time, net financial debt will be reduced.

As a key element of the new strategy going forward, ThyssenKrupp wants to
focus the portfolio and discard business activities for which alternative
strategic options are more suitable in order to strengthen the financial
base of the Group and to provide additional flexibility for the expansion
into strategically promising business activities.

For these reasons the Executive Board has decided today on measures to
adopt the business portfolio which will be presented to the Supervisory
Board for approval on May 13, 2011.

In addition to the current divestment processes of ThyssenKrupp Metal
Forming, ThyssenKrupp Xervon and the implementation of the strategic
partnership between Abu Dhabi Mar and ThyssenKrupp Marine Systems, the
Executive Board would also like to propose to the Supervisory Board a
stronger focus within the automotive business activities. Therefore, the
following measures are to be implemented:

• The divestment of ThyssenKrupp Waupaca within the context of a best
  owner process. Currently the company has sales of almost EUR900 million
  and around 3,000 employees. The company is the market leader in the
  area of iron casting in the USA.

• The separation of ThyssenKrupp Tailored Blanks will also be carried out
  within the context of a best owner process. Tailored Blanks is system
  partner in the body and chassis manufacturing for the automotive
  industry and has sales of approx. EUR600 million and nearly 900
  employees.

• The bundling of the chassis business activities of the Bilstein Group
  and Presta Steering. The consolidation will result in one of the
  largest global Chassis-Full-Service-Providers with sales of around
  EUR2.2 billion and nearly 6,500 employees. In addition, all
  alternatives for the new company are to be investigated, including the
  option of strategic partnerships.

• The traditional springs and stabilizers business activities as well as
  the Brazilian Automotive Systems business with joint sales of approx.
  EUR700 million and more than 3,000 employees should be divested at the
  same time within the context of a best owner process.

Additionally, the Executive Board has decided to focus the materials
business activities and to support the further development of Stainless
Global.

• Separation of the activities of the Business Area Stainless Global. All
  options regarding the continuation of its business activities outside
  the Group are to be investigated. In the last fiscal year the Business
  Area achieved sales of EUR5.9 billion and had more than 11,000
  employees. The separation from ThyssenKrupp will result in an
  independent European market and quality leader within the stainless
  steel industry, giving Stainless the opportunity to
  develop its competitive position with greater flexibility - also with
  regard to potential strategic partnerships. This will also result in
  more potential for additional structural improvements and cost savings.

Current and prospective divestments within the context of portfolio
alignment agreed upon by the Executive Board approximate EUR10 billion and
35,000 employees - based on the previous fiscal year.

During the Press Conference following the Supervisory Board Meeting on May
13, 2011 at 2 p.m. ThyssenKrupp will report about the decisions made
regarding the prospective strategic development. At 4 p.m. there will be a
telephone conference for analysts and investors.

Questions should be addressed to Alexander Wilke (Corporate Communications,
Phone +49 201/844-536043) or Dr. Claus Ehrenbeck (Investor Relations, Phone
+49 201/844-536464).

http://www.thyssenkrupp.com

05.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: ThyssenKrupp AG
ThyssenKrupp Allee 1
45143 Essen
Deutschland
Phone: +49 (0)201 844-0
Fax: +49 (0)201 844-536000
E-mail: info@thyssenkrupp.com
Internet: www.thyssenkrupp.com
ISIN: DE0007500001
WKN: 750000
Indices: DAX
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX

Weitere Informationen im Internet unter Investor Relations: Anleihen / Creditor Relations, Further information can be found on our website under Investor Relations: Bonds / Creditor Relations

End of Announcement DGAP News-Service

---