SMT Scharf AG: AGM approves all proposed resolutions with a large majority

• Managing and Supervisory boards discharged for FY 2018
• Supervisory Board confirmed in office as part of new elections
• Presence of represented share capital at 48.56 %

Hamm, May 21, 2019 – SMT Scharf AG (WKN 575198, ISIN DE0005751986), a leading global provider of customised transport solutions and logistics systems for underground mining, held its 2019 Annual General Meeting today in the Werkstatthalle at Maximilianpark Hamm, Germany. The presence of the represented share capital amounted to 48.56 %. All items on the agenda were adopted with a large majority.

As part of the AGM, the Managing Board reported on detail on the operative and strategic development of SMT Scharf AG in the 2018 fiscal year, which was largely characterised by the successful implementation of the growth strategy. In February 2018, SMT Scharf acquired Canadian mining specialist RDH, thereby selectively expanding its portfolio to include rubber-tyred diesel and electric vehicles for non-coal and salt mining as well as tunnel construction sites. The significant sales revenue and earnings growth SMT Scharf achieved in the past fiscal year was also discussed. SMT Scharf significantly increased consolidated its sales revenue in the year under review to EUR 70.8 million (2017: EUR 52.1 million) with an operating result (EBIT) of EUR 5.3 million (2017: EUR 4.5 million). A significant majority of the AGM discharged the Managing and Supervisory boards for the 2018 fiscal year. Rödl & Partner GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Cologne branch, was appointed as the auditor for the 2019 fiscal year.

Furthermore, as part of the election of the new Supervisory Board, the Annual General Meeting confirmed Univ.-Prof. Dr. Louis Velthuis, Dr. Dirk Vorsteher and Ms. Dorothea Gattineau in their positions as members of the current Supervisory Board. At the constituent meeting of the Supervisory Board, Univ.-Prof. Dr. Louis Velthuis was reappointed as Chairman of the Supervisory Board.

The detailed voting results on the respective agenda items will be published soon on the website at www.smtscharf.de within the investor relations area.