Successful capital increase for next growth surge

• STEICO SE receives around € 25 million from capital increase

• Strong demand for new shares

Feldkirchen (Munich), 20. September 2017 - STEICO SE (ISIN DE000A0LR936) has successfully implemented a capital increase from authorised capital. Gross proceeds from the issue total around € 25 million. A total of 1,280,315 new shares have been placed at a price of
€ 19.50 per share.

STEICO plans to use the proceeds from the issue to further drive its growth, for example by adding new or extended production capacity for wood fiber insulation materials and/or construction products, by acquiring potential acquisition targets (used production facilities, additional fields of business), and for general business purposes.

Building with wood is in vogue throughout Europe. For example, one house in five in Germany is built using wood, and the market is continuing to enjoy strong growth. STEICO is the European market leader for wood fiber insulation materials and offers an innovative wood construction system using I-joists and laminated veneer lumber. During the past ten years, STEICO has recorded average growth of almost nine percent per year. In order to secure its leading market position over the long term and to expand its lead, STEICO constantly invests in increasing its capacity and in expansions. As a result, during the past three years STEICO has invested more than € 100 million in setting up two production lines for laminated veneer lumber. During the same period activities were also put in place to increase capacity for wood-fibre insulation materials to more than 500,000 cbm per year. In parallel, the STEICO Group has been able to significantly increase its returns and is combining strategic growth with high profitability. This can also be seen in the share price growth, which has lifted by more than 180% over the past three years.

The Board of Directors believes that this growth will continue in the coming years. The proceeds from the capital increase mean that the company now has a substantial amount of equity available to finance the next steps in its growth. Udo Schramek, STEICO’s CEO and majority shareholder: “We are very pleased with the very strong demand for our new shares, in particular from new shareholders. The increase in our free float means that we expect there to be a significant increase in liquidity in trading for shares of STEICO in future. We would like to thank our existing and new shareholders for the trust they have placed in our company.”
COMMERZBANK and ODDO-BHF were joint global coordinators and as joint bookrunners for this transaction.

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