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|Issue size:||€ 167,900,000|
|Coupon:||0.0 % p.a.|
|Issue date:||June 5, 2015|
|Maturity date:||June 5, 2022|
|Issuer:||Salzgitter Finance B.V.|
|German Securities Identification Number (WKN):||A1Z2G9|
|Stock market:||Frankfurt (Open Market (Freiverkehr))|
|Conversion ratio:||2,116.5141 Shares per Bond 1)|
|Conversion price:||€ 47.2475 1)|
|Underlying shares:||3,553,627 1)|
|Conversion right period:||July 25, 2015 to May 26, 2022|
|Early redemption at the option of the Issuer:||On or after June 5, 2018, and upon giving not less than 30 nor more than 40 calendar days notice, only possible if the volume adjusted average XETRA-quotation on at least 20 of the 30 consecutive trading days directly prior to the notification date exceeds 130% of the then applicable conversion price|
On 1 June 2017, the shareholders' meeting of Salzgitter AG resolved that Salzgitter AG would pay a cash dividend for the financial year 2016 of EUR 0.30 per no-par value share in Salzgitter AG entitled to dividends. Salzgitter AG hereby announces that the Conversion Ratio under the senior unsecured bonds convertible into existing ordinary bearer shares of Salzgitter AG, issued by Salzgitter Finance B.V. and guaranteed by Salzgitter AG, due 2022 (the "Bonds") is adjusted following the payment of an Extraordinary Cash Dividend pursuant to § 10 (4) (B) of the Terms and Conditions of the Bonds. Pursuant to § 10 (11) of the Terms and Conditions of the Bonds, the Extraordinary Cash Dividend for the relevant Financial Year lasting from 1 January 2016 to 31 December 2016 amounts to EUR 0.30. As a consequence, the adjusted Exchange Price amounts to EUR 47.2475 and the Exchange Ratio amounts to 2,116.5141. This Adjustment in accordance with § 10 (9) of the Terms and Conditions of the Bonds became effective on 2 June 2017.