DGAP-News: Salzgitter AG announces adjustment of the Exchange Ratio under the bonds exchangeable into shares of Aurubis AG due

DGAP-News: Salzgitter AG announces adjustment of the Exchange Ratio under the 
bonds exchangeable into shares of Aurubis AG due 2017

DGAP-News: Salzgitter AG / Key word(s): Bond
Salzgitter AG announces adjustment of the Exchange Ratio under the
bonds exchangeable into shares of Aurubis AG due 2017

28.02.2014 / 08:00

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Publication dated 28 February 2014

Not for publication or distribution in the United States, Australia,
Canada, Japan or South Africa

International Securities Identification Number (ISIN): DE000A1AYDS2
German Wertpapierkennummer (WKN): A1AYDS

On 26 February 2014, the shareholders' meeting of Aurubis AG resolved upon
the payment of a cash dividend for the financial year 2012/2013 of EUR 1.10
per no-par value share in Aurubis AG entitled to dividends. Herewith
Salzgitter AG announces that the Exchange Ratio under the senior unsecured
bonds exchangeable into existing ordinary bearer shares of Aurubis AG,
issued by Salzgitter Finance B.V. and guaranteed by Salzgitter AG, due 2017
(the "Bonds") is adjusted following the payment of an Extraordinary Cash
Dividend pursuant to § 10 (5) of the Terms and Conditions of the Bonds.
Pursuant to § 10 (14) of the Terms and Conditions of the Bonds, the
Extraordinary Cash Dividend for the Relevant Financial Year lasting from 1
October 2012 to 30 September 2013 amounts to EUR 1.10. As a consequence,
the adjusted Exchange Ratio amounts to 1,080.8742. This Adjustment in
accordance with § 10 (11) of the Terms and Conditions of the Bonds became
effective on 27 February 2014.

IMPORTANT NOTE - NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (OR TO US PERSONS),
AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA, OR IN ANY OTHER JURISDICTION IN
WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW

This publication is for information purposes only and does not constitute
or form part of, and should not be construed as an offer or an invitation
to sell, or issue or the solicitation of any offer to buy or subscribe for,
any securities. In connection with this transaction there has not been, nor
will there be, any public offering of any securities. The Bonds may not be
offered to the public in any jurisdiction in circumstances which would
require the Issuers of the Bonds to prepare or register any prospectus or
offering document relating to the Bonds in such jurisdiction.

The distribution of this publication and the offer and sale of the Bonds in
certain jurisdictions may be restricted by law. Any persons reading this
publication should inform themselves of and observe any such restrictions.

This publication does not constitute an offer to sell or a solicitation of
an offer to purchase any securities in the United States, Germany or any
other jurisdiction. The securities referred to herein (including the Bonds
and the shares of Aurubis AG) have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "Securities Act"),
and may not be offered or sold in the United States or to or for the
account or benefit of U.S. persons, except in a transaction not subject to,
or pursuant to an applicable exemption from, the registration requirements
of the Securities Act. This publication and the information contained
herein may not be distributed or sent into the United States, or in any
other jurisdiction in which offers or sales of the securities described
herein would be prohibited by applicable laws and should not be distributed
to United States persons or publications with a general circulation in the
United States. No offering of the Bonds is being made in the United States.

Subject to certain exceptions, the securities referred to herein (including
the Bonds and the shares of Aurubis AG) may not be offered or sold in
Australia, Canada, Japan or South Africa to, or for the account or benefit
of, any national, resident or citizen of Australia, Canada, Japan or South
Africa. The offer and sale of the securities referred to herein has not
been and will not be registered under the applicable securities laws of
Australia, Canada, Japan or South Africa.

This communication is directed only at persons who: (i) are qualified
investors within the meaning of the Financial Services and Markets Act 2000
(as amended) and any relevant implementing measures and/or are outside the
United Kingdom or (ii) have professional experience in matters relating to
investments who fall within the definition of "investment professionals"
contained in article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or are persons
falling within article 49(2)(a) to (d) (high net worth companies,
unincorporated associations, etc.) of the Order, or fall within another
exemption to the Order (all such persons referred to in (i) and (ii) above
together being referred to as "Relevant Persons").  Any person who is not a
Relevant Person must not act or rely on this communication or any of its
contents. Any offer of the Bonds may in member states of the European
Economic Area which have implemented the Prospectus Directive (each, a
"relevant member state"), only be directed at persons who are "qualified
investors" within the meaning of Article 2(1)(e) of the Prospectus
Directive (Directive 2003/71/EC as amended and applicable) and pursuant to
the relevant implementing rules and regulations adopted by each relevant
member state ("Qualified Investors").




Contact:
Markus Heidler 

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax   +49 5341 21-2570
E-Mail ir@salzgitter-ag.de


End of Corporate News

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28.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
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Language:    English                                                     
Company:     Salzgitter AG                                               
             Eisenhüttenstraße 99                                        
             38239 Salzgitter                                            
             Germany                                                     
Phone:       +49 5341 21-01                                              
Fax:         +49 5341 21-2727                                            
E-mail:      info@salzgitter-ag.de                                       
Internet:    www.salzgitter-ag.de                                        
ISIN:        DE0006202005                                                
WKN:         620200                                                      
Listed:      Regulierter Markt in Frankfurt (Prime Standard), Hannover;  
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,        
             Stuttgart                                                   
 
 
End of News    DGAP News-Service  
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254851 28.02.2014                                                      
 
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