SCHAEFFLER SUCCESSFULLY PLACES A BOND IN THE AMOUNT OF 850 MILLION EUROS

Schaeffler AG has announced the successful placement of a corporate bond valued at €850 million with international investors. This issuance consists of a euro-denominated bond with an interest rate of 4.50 percent per annum and a maturity date set for 2030. This strategic financial move was executed under Schaeffler's ongoing debt issuance program and aims to refinance the acquisition of shares in Vitesco Technologies Group AG while further optimizing Schaeffler AG's financing structure.

Claus Bauer, Chief Financial Officer of Schaeffler AG, commented on the achievement, stating, "With the most recent bond issuance, we have succeeded in further optimizing the financing structure of Schaeffler AG. The complete acquisition of Vitesco shares is now fully long-term financed, marking another significant milestone in the transaction."

The settlement of the new bond is scheduled for March 28, 2024, and it is to be listed on the regulated market of the Luxembourg Stock Exchange, enhancing its accessibility and visibility to global investors. Financial institutions such as BNP Paribas, BofA Securities, Citigroup, and Deutsche Bank, which previously assisted in the syndication process for bridge financing and the January 2024 bond issuance to fund the Vitesco shares acquisition, have served as Joint Active Bookrunners for this bond placement.

This financial maneuver by Schaeffler AG not only underscores the international investors' confidence in the company's stability and long-term vision but also highlights Schaeffler's ongoing commitment to optimizing its financial framework. The successful bond issuance solidifies Schaeffler's market position, providing a robust foundation for achieving its strategic goals in the future.