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Bonds exchangeable 2010

Salzgitter AG and will make every reasonable effort to make available only correct and complete information on this website. However, Salzgitter AG and do not accept any liability or guarantee for the topicality, correctness and completeness of the information provided on this webpage.

Basic data

Issue size: € 295,500,000
Issue size outstanding: € 294,050,000
Kupon: 2.00 % p.a. (act/act) payable annually in arrears
Issue date: November 8, 2010
Maturity date: November 8, 2017
Issuer: Salzgitter Finance B.V.
Guarantor: Salzgitter Aktiengesellschaft
German Securities Identification Number (WKN): A1AYDS
Denomination: € 50,000
Stock market: Frankfurt (Open Market (Freiverkehr))
Exchange Ratio: 1,095.5610 Ordinary Shares per Bond initially 1)
Exchange Price: € 45.6387 1)
Underlying shares: 6,474,765 1) Aurubis AG shares
Status: senior, unsecured
Exchange right period: December 28, 2010 to October 29, 2017
Issuer Call: On or after November 28, 2013, and upon giving not less than 30 nor more than 40 calendar days notice, only possible if the volume adjusted average XETRA-quotation of the shares of Aurubis AG on at least 20 out of 30 consecutive trading days exceeds 130% of the then applicable exchange price

Salzgitter AG announces adjustment of the Exchange Ratio under the bonds exchangeable into shares of Aurubis AG due 2017

On 2 March 2017, the shareholders' meeting of Aurubis AG resolved that Aurubis AG would pay a cash dividend for the financial year 2015/2016 of EUR 1.25 per no-par value share in Aurubis AG entitled to dividends. Salzgitter AG hereby announces that the Exchange Ratio under the senior unsecured bonds exchangeable into existing ordinary bearer shares of Aurubis AG, issued by Salzgitter Finance B.V. and guaranteed by Salzgitter AG, due 2017 (the "Bonds") is adjusted following the payment of an Extraordinary Cash Dividend pursuant to § 10 (5) of the Terms and Conditions of the Bonds. Pursuant to § 10 (14) of the Terms and Conditions of the Bonds, the Extraordinary Cash Dividend for the Relevant Financial Year lasting from 1 October 2015 to 30 September 2016 amounts to EUR 1.25. As a consequence, the adjusted Exchange Ratio amounts to 1.095,5610. This Adjustment in accordance with § 10 (11) of the Terms and Conditions of the Bonds became effective on 3 March 2017.

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