Thomas Fahnemann to leave Semperit

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Joint Ventures/Cooperation/Collaboration/Board of Directors (Changes)

Today, the Austrian Semperit Group ("Semperit") and the Thai Sri
Trang Agro- Industry Public Co Ltd. Group ("Sri Trang") have
finalised the termination of almost all joint business activities,
which was agreed on 18 January 2017. All terms and conditions defined
at that time have been fully met ("closing").

Semperit has now taken over several Sempermed joint venture
companies, the majority interest in the Malaysian Formtech (producer
of ceramic moulds for glove production) as well as production
companies of the Industrial Sector in China. Sri Trang has taken over
the glove production of Siam Sempermed Corporation Ltd (SSC) in
Thailand, which had been operated jointly to date. In Thailand, the
joint venture Semperflex Asia (SAC) for the production of hydraulic
hoses will be continued.

Semperit received a one-time compensation payment amounting to USD
167.5 million (around EUR 157 million) before taxes as well as a
dividend payment of around USD 51 million (around EUR 48 million)
before taxes from the former joint venture Siam Sempermed (SSC). The
cash inflow for Semperit totals around USD 200 million (around EUR
187 million) before taxes. Finally, all pending arbitration and civil
proceedings between the Semperit Group on the one hand and the Sri
Trang Group and SSC on the other hand were settled by mutual consent.

Sempermed: strong brand and modern production Even after the
separation, Semperit will remain one of the top ten players in the
global market for examination and protective gloves with the
Sempermed segment. Sempermed is one of the globally leading glove
brands and has excellent market access through its dense distribution
network in Europe and North America. This access to the market will
be strengthened by the full takeover of the sales company Sempermed
USA.

On the production side, Semperit operates factories in Austria
(surgical gloves) and Malaysia, the world's largest glove producer.
Currently, the capacities in Malaysia are further expanded with the
construction of one of the most modern and efficient production
facilities of the glove industry.

Thomas Fahnemann: "The resolution of the joint venture dispute is an
important step in Semperit's long history of success. With this step,
Semperit can now fully concentrate on continuing its own successful

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