DGAP-Adhoc: SCHULER AG: corporate structures to be adapted

SCHULER AG / Key word(s): Strategic Company Decision 30.10.2013 12:41 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Göppingen, October 30, 2013 - Schuler AG is adapting its corporate structures to the internationalization of its sales markets, reducing its level of vertical integration in Germany, and introducing a shared service organization to pool administrative functions. Already in preparation is the merger of Group companies aimed at significantly streamlining corporate structures. The Board of Management today informed the Supervisory Board about the main measures it is planning. These include the closure of the company's foundry in Göppingen. The Erfurt plant is to become the sole production plant in Germany for large-scale presses. All in all, these measures will result in internal restructuring throughout Germany and also lead to the loss of 350 jobs. The company has earmarked costs of approximately EUR 50 million for the structural changes. Around EUR 35 million of this amount will be carried as accruals in the consolidated financial statements for the current short fiscal year 2013 (October 1 to December 31, 2013). Following the implementation of these structural measures, the Board of Management anticipates annual cost savings of EUR 15 to EUR 20 million. Contact: Schuler AG, Thomas Herrlinger, Head of Investor Relations, POB 12 22, 73012 Göppingen, Tel.: + 49 (0)7161/66-204, Fax: 66-850, e-Mail: ir@schulergroup.com 30.10.2013 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: SCHULER AG Bahnhofstra�e 41 73033 Göppingen Germany Phone: +49 (0)7161 66-204 Fax: +49 (0)716 166-850 E-mail: ir@schulergroup.com Internet: www.schulergroup.com ISIN: DE000A0V9A22 WKN: A0V9A2 Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München End of Announcement DGAP News-Service ---------------------------------------------------------------------------