DGAP-News: Drillisch AG

DGAP-News: Drillisch AG: Personnel Matter

DGAP-News: Drillisch AG / Key word(s): Change of Personnel Drillisch AG: Personnel Matter

23.03.2016 / 21:05 The issuer is solely responsible for the content of this announcement.

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Maintal, 23 March 2016

It is with great regret that the Supervisory Board had to accept today's decision of Paschalis Choulidis to resign as member and chair of the Management Board with effect of 30 June 2016.

Paschalis Choulidis together with his brother Vlasios Choulidis significantly shaped the company and developed it further. Only recently he set the course enabling Drillisch playing a major role at eyelevel with mobile network operators.

The complete Supervisory Board thanks Paschalis Choulidis for his outstanding entrepreneurial performance regarding the set up of Drillisch AG since 1998.

Marc Brucherseifer, Chairman of the Supervisory Board of Drillisch AG: "We have to of course accept this decision for private reasons. We very much appreciate that Paschalis wants to remain on board by offering to serve as a member of the Supervisory Board. We would be very glad if the shareholders would share our view."

Vlasios Choulidis: "Even though this resignation is personally affecting us, we are convinced that the current Management Board is well prepared for the future challenges in the light of our long term planning which we will successfully pursue. I am quite sure that my brother will remain loyal with the Company."

Drillisch AG The Supervisory Board and the Management Board



Contact: Oliver Keil Head of Investor Relations Mail: ir@drillisch.de

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23.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English Company: Drillisch AG Wilhelm-Röntgen-Straße 1-5 63477 Maintal Germany Phone: +49 (0)6181 412 218 Fax: +49 (0)6181 412 183 E-mail: ir@drillisch.de Internet: www.drillisch.de ISIN: DE0005545503 WKN: 554550 Indices: TecDax Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Terminbörse EUREX End of News DGAP News Service ---------------------------------------------------------------------------

448507 23.03.2016