DGAP-News

UNIWHEELS transforms its legal form into a stock company

DGAP-News: Uniwheels AG / Key word(s): Legal Matter
UNIWHEELS transforms its legal form into a stock company

26.11.2014 / 09:45

---------------------------------------------------------------------

UNIWHEELS transforms its legal form into a stock company

Transformation carried out in November

Bad Durkheim, November 26th 2014: UNIWHEELS Holding (Germany) GmbH, a
leading European manufacturer of alloy wheels has transformed its previous
legal form of limited liability company into a stock company. The
conversion to UNIWHEELS AG was entered on November 24th 2014 in the
Commercial Register.

As a solid European SME with annual turnover of approximately 400 million
euros, the Company wants to provide a structural and organizational basis
for the planned growth in the coming year. Due to very positive business
development over the past periods, UNIWHEELS had recently repaid
prematurely corporate bonds which were issued in April 2011. An expansion
of the Polish production plant is being planned as a part of the continuous
growth strategy.

The transformation to a stock company is the next logical step in the
Company's development and reflects the existing high organisational and
management standards which UNIWHEELS already complies with today.

The Chairman of the Executive Board of UNIWHEELS AG is the majority owner
and the former CEO of UNIWHEELS Group, Ralf Schmid. The current CFO, Dr.
Karsten Obenaus, will take over the position of Chief Finance Officer of
the Executive Board. The newly formed Supervisory Board consists of three
experienced members. UNIWHEELS CEO Ralf Schmid said: "The transformation to
a stock company will professionalize our organizational and management
structure further. The planned application of International Accounting
Standards (IFRS) at year end and the introduction of a management system of
corporate governance support this process and provide a solid basis for
further stable growth of UNIWHEELS."

Contact:

Oliver Madsen
Head of Investor Relations

UNIWHEELS AG
Gustav-Kirchhoff-Str. 10
67098 Bad Dürkheim
Germany
Phone.: [phone]
E-mail: [e-mail]
Web: www.uniwheels.com

About us:

UNIWHEELS Group is the leading manufacturer of alloy wheels in the European
aftermarket (Accessory Division) and one of the world's largest wheel
suppliers to the automotive industry (Automotive Division). UNIWHEELS Group
also equips professional motorsport racing vehicle series with high-tech
wheels.

For more than 40 years, the company has been producing high-quality
aluminium wheels mainly using the low-pressure casting technique. Further
manufacturing techniques used are flow forming, Lightforming(R) (advanced
pressure rolling) and forging for ultra-light high-tech wheels.

With the global brands of ATS, RIAL, ALUTEC and ANZIO, UNIWHEELS possesses
comprehensive knowledge in the accessories market and technical expertise
as an original equipment manufacturer in the automotive industry.
Furthermore, with its wide range of brands, the UNIWHEELS Group offers
wheels for all target groups, from premium to economy.

Highly efficient production locations in Poland and Germany, as well as the
pooled technological expertise of the group, form a secure base for further
development of the brands and growth of the UNIWHEELS Group associated with
this.



---------------------------------------------------------------------

26.11.2014 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

---------------------------------------------------------------------


299533 26.11.2014