DGAP-Adhoc

Continental AG: Dr. Elmar Degenhart decided to resign from his mandate as CEO at Continental prior to expiry of his period

DGAP-Ad-hoc: Continental AG / Key word(s): Personnel Continental AG: Dr. Elmar Degenhart decided to resign from his mandate as CEO at Continental prior to expiry of his period 29-Oct-2020 / 21:05 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. After more than eleven years in office, the CEO of Continental AG Dr. Elmar Degenhart (61) has informed the Supervisory Board today about his intention to resign from his mandate for reasons of immediately necessary preventive health care effective November 30, 2020. He has asked the Supervisory Board to accept the early termination of his Executive Board mandate and his contract, which would have run until August 11, 2024. Supervisory Board Chairman Professor Wolfgang Reitzle has announced that he will convene the Supervisory Board shortly to decide on the appointment of the successor to Degenhart.

Degenhart, who holds a doctorate in engineering, has been CEO of the company since August 12, 2009, and is currently in his third term. He is directly responsible for Group Communications, Group Strategy, Group Total Quality Management and the start-up program co-pace.

Contact:
Person making the notification: Bernard Wang, Head of IR

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29-Oct-2020 CET/CEST 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:	Continental AG
	Vahrenwalder Straße 9
	30165 Hannover
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.continental-corporation.com/de
ISIN:	DE0005439004
WKN:	543900
Indices:	DAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; Luxembourg Stock Exchange, SIX
EQS News ID:	1144149

End of Announcement	DGAP News Service

1144149  29-Oct-2020 CET/CEST