SCHMOLZ + BICKENBACH AG announces results of the rights offering

SCHMOLZ + BICKENBACH, a global leader in special long steel, today announces the results of the rights offering in the context of the planned capital increase of at least CHF 325 million. Up to 2,511,085,200 Offered Shares which have not been validly subscribed for in the rights offering will be available for allocation in the international offering. Based on the instructions resolved by the extraordinary shareholders' meeting on December 2, 2019, the final offer price and final number of new shares sold will be determined and announced by SCHMOLZ + BICKENBACH after close of trading on December 20, 2019, the last day of the international offering.

In the context of the planned capital increase of at least CHF 325 million through the issuance of up to 2,953,125,000 new registered shares (the "Offered Shares"), SCHMOLZ + BICKENBACH AG (the "Company") today announces the results of the rights offering. The subscription period for the new registered shares ended yesterday at 12:00 noon (CET) and the existing shareholders of the Company have subscribed for Offered Shares for each of the possible offer prices as listed in the table below:

Up to 2,511,085,200 Offered Shares which have not been validly subscribed for by existing shareholders of the Company will be available for allocation in the international offering. BigPoint Holding AG (‘‘BigPoint’’) has, subject to certain conditions, committed to bid to purchase Offered Shares in the international offering in the amount of up to CHF 325 million (the ‘‘Backstop Bid’’). BigPoint is ultimately beneficially owned by Martin Haefner. Based on the instructions resolved by the extraordinary shareholders' meeting on December 2, 2019, the capital increase shall only exceed CHF 325 million in order to enable Liwet Holding AG ("Liwet") to hold not more or less than 25%, and BigPoint and Martin Haefner to hold not more or less than 37.5% of the Company's shares after completion of the capital increase. As a result, there may be no or only a limited number of Offered Shares available in the international offering for allocation to investors other than BigPoint and Liwet.

The final offer price per Offered Share in the rights offering and the international offering as well as the final number of new shares sold will be determined and announced by the Company after close of trading on SIX Swiss Exchange on the last day of the international offering on December 20, 2019 based on (i) the rights exercised in the rights offering, (ii) the bookbuilding conducted in the international offering and (iii) the objective of achieving an offer price as high as possible, provided that the Company’s share capital is increased by at least CHF 325 million.

The listing and first trading day of the Offered Shares on SIX Swiss Exchange as well as the delivery of the Offered Shares are planned for January 9, 2020.