EANS-Adhoc

RHI AG / Stefan Borgas appointed new CEO as of December 1, 2016 for five years

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
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Board of Directors (Appointments and Changes)
26.09.2016

At its meeting on September 26, 2016, the Supervisory Board of RHI AG
appointed Mr. Stefan Borgas, Lic. Oec. (HSG) new CEO with effect from
December 1, 2016. In order to enable an orderly handover of tasks,
Dr. Wolfgang Ruttenstorfer will continue to be available as interim
Chairman of the Management Board until November 30, 2016.

Mr. Franz Struzl will resign as member of the Management Board with
the expiry of November 30, 2016 and act as a consultant to the
company once he has fully recovered.

Having studied business management at the University of Saarbrücken
and the University of St. Gallen, Stefan Borgas, 52, started his
career in the chemical industry. After joining BASF, he held several
management positions in the US, Germany and China and was responsible
as Vice President for the business unit "Fine Chemicals" from 2002.
In 2004, he was appointed CEO in the Management Board of the Swiss
Lonza Group and transformed the company into a leading life science
group. In 2012, he joined the special chemicals manufacturer Israel
Chemicals Ltd. as President & CEO.

Further inquiry note:
RHI AG
Investor Relations
Mag. Simon Kuchelbacher
Tel: [phone]
Email: [e-mail]

end of announcement euro adhoc
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issuer: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: http://www.rhi-ag.com
sector: Refractories
ISIN: AT0000676903
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English