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Flex and RIB Software Join Forces to Transform Building and Housing Industry - Joint Venture 'YTWO Formative' Combines World Leading 5D BIM Software and Supply Chain Solutions - Seite 2

complete projects on schedule," said Mike McNamara, CEO at Flex. "YTWO
Formative fits perfectly with our strategy of creating Sketch-to-Scale
solutions by leveraging our expansive platform. This industry represents a
massive opportunity as we open up a completely new market for Flex."

Thomas Wolf, CEO at RIB, 30-year veteran of the construction industry and a
pioneer in BIM software said, "Over 60 percent of major projects are over
budget or behind schedule (Construction Industry Institute (CII) 2015
Performance Assessment), underscoring the need for improved efficiencies.
Together with Flex, we are delivering a fully integrated solution on a
single platform that addresses this need with state-of-the-art technology,
design-to-project-completion solutions, synchronized supply chain planning
with direct access, and more."

Flex and RIB have each contributed approximately $60 million for a non-
controlling interest in the joint venture, which has received regulatory
clearance.

For more information on YTWO Formative, visit: http://www.ytwoformative.com

About Flex

Flex Ltd. is the Sketch-to-Scale(TM) solutions provider that designs and
builds intelligent products for a connected world. With approximately
200,000 professionals across 30 countries, Flex provides innovative design,
engineering, manufacturing, real-time supply chain insight and logistics
services to companies of all sizes in various industries and end-markets.
For more information, visit www.flextronics.com or follow us on Twitter
@Flextronics. Flex - Live Smarter(TM)

About RIB Group

RIB Software AG is an innovator in construction business. The company
creates, develops, and offers iTWO³ - new thinking, new working method and
new technology - for construction projects across various industries
worldwide. iTWO today is the world's first Cloud / License based Big Data
5D BIM enterprise solution for construction companies, industrial
companies, developers and investors. Since its inception in 1961, RIB
Software AG has been the pioneer in construction innovation, exploring and
bringing in new thinking, new working method and new technology to enhance
construction productivity, and transforming the construction industry into
the most advanced and digitalized industry in the 21st century. RIB is
headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt
Stock Exchange since 2011. With about 700 talents located in over 30
offices worldwide, RIB is serving 100,000 clients including construction
contractors, sub-contractors, developers, owners, investors and
governments, in the field of building construction, infrastructure, EPC
sector and more.


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Language: English
Company: RIB Software AG
Vaihinger Str. 151
70567 Stuttgart
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.rib-software.com
ISIN: DE000A0Z2XN6
WKN: A0Z2XN
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange


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523231 22.11.2016