FRIEDRICH VORWERK wins major contract for the realisation of three
additional sections of the South German natural gas pipeline (SEL) with a volume
in the high double-digit million range

EQS-News: Friedrich Vorwerk Group SE / Key word(s): Incoming Orders
FRIEDRICH VORWERK wins major contract for the realisation of three
additional sections of the South German natural gas pipeline (SEL) with a
volume in the high double-digit million range

24.06.2024 / 07:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

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FRIEDRICH VORWERK wins major contract for the realisation of three
additional sections of the South German natural gas pipeline (SEL) with a
volume in the high double-digit million range

Tostedt, June 24, 2024 - Friedrich Vorwerk Group SE (ISIN DE000A255F11), a
leading provider in the field of energy infrastructure, has been awarded a
major contract by gas transmission system operator terranets bw as part of a
joint venture for the realisation of three additional construction sections
of the South German natural gas pipeline (SEL). Last year, the equal joint
venture, consisting of the FRIEDRICH VORWERK Group (Friedrich Vorwerk and
Bohlen & Doyen) and the Austrian HABAU Group (PPS Pipeline Systems and
HABAU), already successfully won the first, approximately 24-kilometers-long
section of the transport pipeline between Heilbronn and Löchgau in
Baden-Württemberg. Following its planned completion at the end of 2024,
works can now continue seamlessly on the three additional sections that have
been acquired, totalling 43 kilometers in length, up to Esslingen am Neckar.
The latest contract awarded to the joint venture has a project volume in the
high double-digit million range and is scheduled for commissioning by the
end of 2025.

With a total length of 250 kilometers from Lampertheim in Hesse to Bissingen
in Bavaria, the "Süddeutsche Erdgasleitung" (SEL) planned by gas
transmission system operator terranets bw is one of the largest pipeline
construction projects in Germany. By connecting modern gas-fired power
plants to the existing grid, it will secure the supply of heat and
electricity and thus enable the phasing out of coal-fired power generation.
As the first pipeline in the country with a connection to the European
transport routes, it will transport hydrogen from 2030. The SEL will thus
create important prerequisites for a CO2-neutral energy supply for the
Rhine-Neckar region and the greater Stuttgart area. Construction of the
pipeline will be realized in stages, depending on the specific development
of demand over the next ten years. After the four construction lots with a
total length of around 67 kilometers that have now been awarded, the
remaining construction lots will be successively put out to tender in the
coming years.

In view of the need to connect numerous new gas-fired power plants to the
existing natural gas network as well as the planned realisation of the 9,700
kilometers long hydrogen core network, a large number of new construction
and conversion measures are currently being planned by gas transmission
system operators and will soon be implemented. Thanks to its broad service
and technology portfolio and decades of experience in pipeline and pipework
construction, FRIEDRICH VORWERK expects demand in this area to remain strong
in the future.

Contact Details

Friedrich Vorwerk Group SE
Harburger Straße 19
21255 Tostedt
Tel +49 4182 - 2947 0
Fax +49 4182 - 6155
ir@friedrich-vorwerk.de
www.friedrich-vorwerk-group.de

Management Board
Torben Kleinfeldt (CEO)
Tim Hameister

Chairman of the Supervisory Board
Dr Christof Nesemeier

Court of Registration
District Court of Tostedt, registration number: HRB 208170


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24.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Friedrich Vorwerk Group SE
                   Harburger Straße 19
                   21255 Tostedt
                   Germany
   E-mail:         ir@friedrich-vorwerk.de
   Internet:       www.friedrich-vorwerk-group.de
   ISIN:           DE000A255F11
   WKN:            A255F1
   Listed:         Regulated Market in Frankfurt (Prime Standard)
   EQS News ID:    1931027

End of News EQS News Service
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1931027 24.06.2024 CET/CEST