STEICO Aktiengesellschaft / Change of Personnel 24.10.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Change to STEICO AG's Managing Board Feldkirchen (Munich), October 24, 2008 STEICO AG's CFO, Mr. Thomas Frei exited the company's Managing Board on October 23, 2008. The CEO, Mr. Udo Schramek will take over Mr. Frei's activities until further notice. Company profile: The STEICO Group develops, produces and sells ecological construction products made of renewable materials. STEICO leads the European market for wood-fiber insulation materials with a market share of more than 40%. STEICO is positioned as a system provider for ecological wood construction. The company's product range includes wood-fiber insulation materials, hemp-based products and I-joists as construction elements. The production of natural fiber boards (NFB) rounds off the company's vertical integration and extensive product range which are unique in the industry. The Munich-based company's products are successfully used in home building for floors, walls, ceilings and roofs. STEICO's products enable the construction of future-proof, healthy buildings which offer a particularly high quality of living. STEICO's products offer reliable protection from cold, heat and noise and also improve the climate within the house. The products' ecological and functional quality is guaranteed by the independent natureplus® certification. In addition, STEICO's wood-fiber insulation materials have been honored with the FSC® certificate (Forest Stewardship Council) for exemplary environmental protection. The STEICO Group has competitive advantages such as production and sales expertise, three large, fully integrated production facilities close to key markets, international sales and a well-established brand. The business model offers major opportunities. This is due to factors including the potential that STEICO's products offer to save energy and to improve the quality of living. The strong growth in environmental and health consciousness as well as state subsidization programs for environmentally friendly construction are regarded as being long-term drivers for the market for ecological construction products. Its strategic planning focuses on developing new products, growing market shares and increasing internationalization. The funds from the IPO in June 2007 have enabled the company to further bolster the Group's solid foundations and also to secure its long-term growth. Contact: Andreas Schulze STEICO Aktiengesellschaft Hans-Riedl-Strasse 21 85622 Feldkirchen Fon: +49-(0)89-99 15 51-48 Fax: +49-(0)89-99 15 51-97 E-Mail: schulze@steico.com www.steico.com DGAP 24.10.2008 --------------------------------------------------------------------------- Language: English Issuer: STEICO Aktiengesellschaft Hans-Riedl-Str. 21 85622 Feldkirchen Deutschland Phone: +49 - (0)89 - 99 15 51 - 0 Fax: +49 - (0)89 - 99 15 51 - 99 E-mail: info@steico.com Internet: http://www.steico.com ISIN: DE000A0LR936 WKN: A0LR93 Listed: Freiverkehr in Berlin, Düsseldorf, München; Entry Standard in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: STEICO Aktiengesellschaft: Change to STEICO AG's Managing Board
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