DGAP-News: KROMI Logistik AG

DGAP-News: KROMI Logistik AG: Ulrich Bellgardt succeeds René Dannert on the Supervisory Board

DGAP-News: KROMI Logistik AG / Key word(s): Change of Personnel KROMI Logistik AG: Ulrich Bellgardt succeeds René Dannert on the Supervisory Board

01.09.2016 / 09:00 The issuer is solely responsible for the content of this announcement.

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KROMI Logistik AG: Ulrich Bellgardt succeeds René Dannert on the Supervisory Board

- Switch follows the acquisition of the majority shareholding by Investmentaktiengesellschaft für langfristige Investoren TGV

- Bellgardt offers long-standing experience in various management positions at industrial companies

- Managing Board thanks Dannert for his many years of commitment

Hamburg, 1 September 2016 - KROMI Logistik AG, a provider of end-to-end tool logistic solutions for manufacturing companies, is welcoming Ulrich Bellgardt as a new member of the Supervisory Board from 1 September. Bellgardt succeeds René Dannert, who is stepping down from his position effective as of 31 August 2016.

Ulrich Bellgardt, born in 1957, offers rich experience gathered during many years in management positions at various industrial companies, including as Managing Director of today's SMT Scharf Group as well as CEO of Surface Technology, a division of Saurer AG. He is currently Managing Partner at the Swiss strategy and management consultancy ubc GmbH.

René Dannert played a considerable role in the success of the company's IPO in 2007 as CFO of KROMI Logistik AG before making the switch to the Supervisory Board. His current Supervisory Board term would have expired in December 2016. This change in the Supervisory Board comes about on the back of the acquisition of the majority shareholding and public takeover bid by the Investmentaktiengesellschaft für langfristige Investoren TGV announced in June of this year, which was expressly supported by the Managing Board and Supervisory Board of KROMI Logistik AG in a joint statement.

Jörg Schubert, CEO of KROMI Logistik AG, comments on the change in the Supervisory Board: "In René Dannert we are losing long-time companion whose name remains synonymous with the successes of KROMI Logistik AG. We would like to extend our greatest thanks to him for his outstanding commitment and loyalty to KROMI Logistik AG over all these years. By the same token, we are delighted to have found such an experienced and skilled successor in Ulrich Bellgardt and we look forward to establishing a good working relationship with him."

The appointment of Ulrich Bellgardt is taking place pursuant to § 104 para. 1 of the German Stock Corporation Act (AktG) at Hamburg District Court. Bellgardt will stand for election by shareholders at the Annual General Meeting this December as part of an additional election process.

About KROMI Logistik AG

KROMI Logistik AG offers manufacturing companies in Germany and abroad end- to-end tool management, i.e. outsourcing the procurement of precision tools, especially technically demanding cutting tools for metal and plastics processing. KROMI Logistik AG combines the classical tool trade with decentralised tool management via automatic delivery systems in the client's production area as well as an innovative IT system for an efficient tool management and controlling system. With this comprehensive offering covering the entire production chain, the company appeals to clients in the general mechanical engineering, as well as the automotive, aerospace and maritime sectors. In the last ten years KROMI Logistik AG has developed its business significantly, generating approximately EUR 63.3 million with over 150 employees in 11 countries around the world in the last fiscal year 2014/2015. This trend has continued in the first nine months of the current fiscal year, outperforming the market with revenue growth of 9.3%.

Visit us online at: www.kromi.de

Investor relations contact: cometis AG Claudius Krause Tel.: +49 (0)611-205855-28 Fax: +49 (0)611-205855-66 E-mail: krause@cometis.de

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01.09.2016 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. Archive at www.dgap.de

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Language: English Company: KROMI Logistik AG Tarpenring 11 22419 Hamburg Germany Phone: 040/537151-0 Fax: 040/537151-99 E-mail: info@kromi.de Internet: www.kromi.de ISIN: DE000A0KFUJ5 WKN: A0KFUJ Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service ---------------------------------------------------------------------------

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