Ad hoc Release: ALSO's freefloat increases to 48.7

Emmen, Switzerland, February 20, 2017

ALSO's freefloat increases to 48.7 percent from 41.1 percent (as of December 31, 2016). This is due to the ongoing exchange of ALSO shares relating to the Exchangeable Bond issued by a Schindler Group company. As a result, Schindler announced that Schindler Group's investment holding of ALSO shares has fallen below 5 percent. Special Distribution Holding GmbH remains the majority shareholder of ALSO Holding AG (SIX: ALSN) with a shareholding of 51.3 percent. By the end of fiscal year 2016, the number of ALSO shareholders had increased from around 850 to more than 1700.

Direct link to the press release: http://www.also.com/goto/20170220en

Contact person: Brunswick Group GmbH Dr. Marc Langendorf Tel:       +49 89 80 99 02 517 Email:   mlangendorf@brunswickgroup.com

ALSO Holding AG (Emmen/Switzerland) brings providers and buyers of the ICT industry together. The company offers services at all levels of the ICT value chain from a single source. In the European B2B marketplace, ALSO bundles logistics services, financial services, supply services, solution services, digital services, and IT services together into individual service packages. ALSO's portfolio contains more than 188 000 articles from some 500 vendors. The Group has around 3 670 employees throughout Europe. In fiscal year 2016 (closing on December 31), the company generated net sales of 8.0 billion euros. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at http://www.also.com

Droege Group  (Major shareholder) Droege Group (founded in 1988) is an independent consulting and investment company under full family ownership. The company acts as a specialist for tailor-made restructuring programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family-equity business model. The group carries out direct investments with own equity in corporate subsidiaries and medium-sized companies in "special situations". The motto of "The Art of Implementation" has made the group a pioneer of hands-on implementation-oriented corporate development. Droege Group demonstrates its implementation excellence daily within its own portfolio. The entrepreneurially platforms of the Droege Group are aligned to current megatrends (knowledge, connectivity, prevention, demography, shopping 4.0, future work). Enthusiasm for quality, innovation and speed determines our actions. In this way Droege Group has successfully gained a position in domestic and international markets and operates in 30 countries. More information: http://www.droege-group.com

Disclaimer This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.