Starrag : Change in the BU High Performance Systems

A d h o c a n n o u n c e m e n t p u r s u a n t t o Ar t . 5 3 L R

Change in the BU High Performance Systems

Dr. Bernhard Bringmann, Head of the Business High Performance Systems, will leave Starrag Group after around 14 years at his own request on 31 August 2022.

Bernhard Bringmann joined Starrag in 2008 as head of test operations after completing his doctorate in mechanical engineering at the ETH Zurich. In 2014, after holding various functions in engineering, he took over the management of the Rorschacherberg site. Since 2019, he has been a member of the Executive Board as Head of the Business Unit High Performance Systems. After his departure, Bernhard Bringmann will work as an independent entrepreneur. The Board of Directors and the Executive Board regret very much his decision to leave. They thank him for his great commitment to the Starrag Group and wish him all the best for the future and every success in his new challenge.

Bernhard Bringmann's successor will be announced at a later date.

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High-precision machine tools for greater productivity

Starrag Group is a global technology leader in manufacturing high-precision machine tools for milling, turning, boring and grinding workpieces of metallic, composite and ceramic materials. Principal customers are internationally active companies in the Aerospace, Energy, Transportation and Industrial (Industrial Components, Luxury Goods, Med Tech) sectors. In addition to its portfolio of machine tools, Starrag Group provides integrated technology and maintenance services that significantly enhance customer quality and productivity.

The umbrella brand Starrag unites the product ranges Berthiez, Bumotec, Dörries, Droop+Rein, Ecospeed, Heckert, Scharmann, SIP, Starrag, TTL and WMW. Headquartered in Rorschach/Switzerland, the Starrag Group operates manufacturing plants in Switzerland, Germany, France, the UK and India and has established a network of sales and services subsidiaries in the most important customer countries.

The shares of Starrag Group Holding AG are listed on the SIX Swiss Exchange.

For further information: www.starrag.com

The economic projections and predictions contained in this information relate to future facts. Such projections and predictions are subject to risks, uncertainties and changes which cannot be foreseen and which are beyond the control of the issuer. Starrag Group is therefore not in a position to make any representations as to the accuracy of economic projections and predictions or their impact on the financial situation of Starrag Group or the market in the securities of Starrag Group.

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