Changes in the Schindler Group Executive Committee

Press Release

December 17, 2012

Changes in the Schindler Group Executive Committee

The Board of Directors of Schindler Holding Ltd. has decided that, as of April
1, 2013, the existing zone structures are to be strengthened, resulting in
changes in the composition of the Group Executive Committee.

Asia Pacific, India and specifically China now represent more than two-thirds
of global demand for new installations in the E&E business. The Board
recognises that this market shift, as well as the significant ongoing
investment of the Group in China requires a greater allocation of senior
management resource. China will therefore be led by a dedicated member of the
Group Executive Committee.

Mr Thomas Oetterli, currently Head of Europe North will take the new position
as Head of China, with overall responsibility for all the Groups operations in
China. Mr Thomas Oetterli will report to Mr Silvio Napoli, Head of Asia
Pacific who will remain in his current position.

Mr Oswald Schmid, currently Head of Schindler Germany, will succeed Mr Thomas
Oetterli as Head of Europe North.

As a consequence, the Group Executive Committee will as of April 1, 2013, be
composed as follows: Jürgen Tinggren, CEO, Erich Ammann, David Clymo, Didier
Gaudoux, Albert Haffert, Silvio Napoli, Thomas Oetterli, Miguel A. Rodriguez,
Oswald Schmid and Jakob Züger.

About Schindler

Founded in Switzerland in 1874, the Schindler Group is a leading global
provider of elevators, escalators and related services. Schindler mobility
solutions move one billion people every day all over the world. Behind its
success are 44,000 employees in over 100 countries.

For further information, please contact:

Dr. Barbara Schmidhauser, Chief Communications Officer

Tel. +41 41 445 30 60,

Barbara Zäch, Head Investor Relations

Tel. +41 41 445 30 61,

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