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Wittur Holding GmbH: Wittur and Sematic to merge in order to create a leading global supplier to the elevator industry - Seite 3

the combined entity. Sematic's current chairman, Dr. Roberto Zappa, who
represents the family of Sematic founder Francesco Zappa, has agreed to
continue to support the combined company as a member of the Supervisory
Board of the merged entity. Dr. Roberto Zappa's positions in the industry
including his role as President of the main Italian Lift Association
(AssoAscensori), Vice President of the European Lift Association (ELA) and
President of the local Metalmechanics Group within Confindustria will be an
extremely valuable contribution to the merged business.

Dr. Roberto Zappa, Sematic Chairman of the Board, added: "Merging with
Wittur is an absolutely logical step which fits perfectly with Sematic's
vision for the future supply chain of the industry backed with a strong
shareholder structure. Once all statutory steps for the transaction are
completed, the market will enjoy dealing with an independent, innovative
and competent global components and elevator supply company, offering
products and services that are developed around the needs of our customers
and create added value."

Dr. Michael Siefke, Chairman of the Board of Wittur, commented: "Today, we
open a new chapter in the history of Wittur and Sematic. We are absolutely
convinced that the combined company will be better placed to meet our
customers' demands in the future by creating a truly global company with
global reach and an even broader and flexible production. In particular, I
am pleased that Dr. Roberto Zappa will join the Supervisory Board,
supporting us with his unique industry expertise and network."

Investor Relations contact

Wittur Holding AG
Yara Kes
[phone] - 173
[phone]
[e-mail]

Media contacts
Germany / International:
FTI Consulting
Hans G. Nagl
[phone]
[phone]
[e-mail]

Patric Garvin
[phone]
[phone]
[e-mail]

Italy:
iCorporate
Elisa Piacentino
[phone]
[phone]
[e-mail]


About Wittur Holding AG
Wittur is the world's leading independent elevator components manufacturer
with an extensive global manufacturing footprint and sales network as well
as a broad range of products. Its product offering features a large range
of elevator components for new elevator manufacturing and sourcing, for
spare parts and for modernization and upgrades. The components span from
sophisticated mechatronic components for elevator cabin and landing doors
(including the associated opening mechanisms) to other critical components