DGAP-Adhoc

Siltronic AG is in advanced, near to final discussions on a takeover offer by GlobalWafers Co., Ltd. from Taiwan

DGAP-Ad-hoc: Siltronic AG / Key word(s): Offer/Letter of Intent Siltronic AG is in advanced, near to final discussions on a takeover offer by GlobalWafers Co., Ltd. from Taiwan 29-Nov-2020 / 18:50 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. Ad hoc announcement / Disclosure of an inside information according to Article 17 MAR

Siltronic AG
Hanns-Seidel-Platz 4
81737 Munich
www.siltronic.com

Siltronic AG is in advanced, near to final discussions on a takeover offer by GlobalWafers Co., Ltd. from Taiwan

Germany, Munich, November 29, 2020 - The Executive Board of Siltronic AG ("Siltronic") is in advanced, near to final discussions to enter into a Business Combination Agreement ("BCA") with GlobalWafers Co., Ltd. ("GlobalWafers"). Siltronic expects that GlobalWafers will make a voluntary tender offer to Siltronic shareholders at an offer price of EUR 125 per share. In addition, the Executive Board intends to propose a dividend in line with the Company's dividend policy of approximately EUR 2 per share for fiscal year 2020, which is expected to be paid prior to the completion of the transaction.

The offer price represents a premium of 48 % above the volume-weighted average XETRA price over the last 90 days and is based on intensive negotiations over a number of months between the parties. The Executive Board of Siltronic AG considers this offer price to be attractive and appropriate. The merger would create a leading player in the wafer industry with a comprehensive product portfolio that can offer technologically sophisticated products to all semiconductor customers.

Both parties are in agreement on the key terms of the BCA. According to the current status of the document, Siltronic can pursue an essentially unchanged business strategy, the social partnership with the employee representatives will be maintained, and there will be no site closures or layoffs of employees for operational reasons in Germany until the end of 2024.