Press Release

Cevian Capital proposes appointment of Eckhard Cordes as member of the Supervisory Board of Bilfinger SE

As the largest shareholder of Bilfinger SE, Cevian Capital will propose the appointment of Dr Eckhard Cordes as second representative in the company's Supervisory Board. Cevian has been invested in Bilfinger for more than three years and has increased its stake to approximately 25.6 percent in the past days. Eckhard Cordes, who has been with Cevian Capital for two years, is regarded as one of the most experienced managers in Germany. He was a member of the Executive Board of the automotive company Daimler from 1996 to 2005 (at various times heading the Mercedes and Truck unit) and Chairman of the Management Board of METRO AG from 2007 to 2011. Cordes currently serves as Chairman of the Committee on Eastern Economic Relations of the German Industry.

Jens Tischendorf, Partner at Cevian Capital, said: "We have increased our stake in Bilfinger to 25.6 percent because we are convinced that Bilfinger has a successful future. Cevian takes a long-term investment perspective because we know that it is impossible to successfully transform a company in only a few quarters. Together with the company we want to continue and further the efforts for growth and a profitable future. Bernhard Walter has contributed significantly to the successful changes at Bilfinger over the past 16 years. I would like to take this opportunity to thank him for his work from the perspective of a shareholder."

Jens Tischendorf also said: "With Eckhard Cordes we propose the appointment of a manager with long-standing expertise and reputation in the German industry."

About Cevian Capital
Cevian Capital is the largest and most experienced active ownership firm in Europe. Pursuing an industrial value creation approach, Cevian Capital focuses on enhancing the long-term competiveness and value of a company through active ownership. As part of this strategy, Cevian regularly becomes an anchor shareholder, which is actively involved in the development of its portfolio businesses. Cevian Capital manages EUR10 billion for pension funds, endowments, foundations, sovereign wealth funds and other investors from Europe, North America and other regions. Cevian Capital has offices in Zurich, Stockholm, London, Jersey and Malta. Cevian does not hedge its investments or use leverage as part of its investment strategy.

Press Contact:
Roland Klein
Tel +44 7776 162 997
Roland.klein@cnc-communications.com

Marie von Bismarck
Tel +49 172 853 2927
Marie.bismarck@cnc-communications.com