Annual General Meeting approves dividend of EUR 1.20 per share

EQS-News: Siltronic AG / Key word(s): AGM/EGM
Annual General Meeting approves dividend of EUR 1.20 per share

13.05.2024 / 15:36 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Press release
Siltronic AG
Einsteinstraße 172
81677 Munich
www.siltronic.com


Annual General Meeting approves dividend of EUR 1.20 per share

Munich, May 13, 2024 - At today's Annual General Meeting of Siltronic AG,
the Executive Board and Supervisory Board looked back on a challenging
financial year 2023. The continued weak demand, mainly due to increased
inventories and the associated further postponement of delivery volumes,
will also affect the current financial year.

In view of this expected development for 2024, at the Annual General Meeting
the Executive Board proposed the distribution of a dividend of EUR 1.20 for
the past financial year. The shareholders followed the proposal of the
Executive Board and Supervisory Board, resulting in a total distribution of
EUR 36 million to the company's shareholders. This corresponds to a payout
ratio of roughly 20 percent of the Group profit attributable to Siltronic
shareholders. No further general changes to the dividend policy are planned.

All items on the agenda were approved by a large majority of shareholders. A
total of 64.10 percent of Siltronic AG's share capital was represented at
the Annual General Meeting.

The Annual General Meeting of Siltronic AG was held in person. The speeches
of the CEO and the future Chief Operating Officer (COO) were broadcast live
and are available on the company's website.

In his speech, CEO Dr. Michael Heckmeier addressed the 2023 financial year
and the future development of Siltronic. 'After a challenging financial year
in 2023, we expect 2024 to be a year of transition to profitable growth,
characterized by the ongoing weakness in demand. Driven by megatrends such
as artificial intelligence, electromobility and digitalization, we expect
demand to increase significantly in the medium and long term. Thanks to our
new fab in Singapore, the global presence and high innovative strength, we
are ideally positioned for this growth,' said Heckmeier.

Klaus Buchwald introduced himself in a short speech at the Annual General
Meeting. He will take up his position as a new member of the Executive Board
and COO of Siltronic AG on June 1, 2024 and will be responsible for
Operations, Supply Chain, Engineering and IT.

'We are pleased to welcome Mr. Buchwald to the Executive Board of Siltronic
AG. Together with Ms. Schmitt and Mr. Heckmeier he will contribute to the
realization of our ambitions and the further profitable growth of Siltronic
with his extensive expertise and in-depth knowledge of the semiconductor
industry,' said Dr. Tobias Ohler, Chairman of the Supervisory Board of
Siltronic AG.

The documents and voting results of the Annual General Meeting are available
at https://www.siltronic.com/en/investors/annual-general-meeting.html.

Contact:
Verena Stütze
Head of Investor Relations & Communications
Tel.: +49 (0)89 8564 3133
E-Mail: investor.relations@siltronic.com

Company profile:
As one of the leading wafer manufacturers, Siltronic is globally oriented
and operates production sites in Asia, Europe, and the USA. Silicon wafers
are the foundation of the modern semiconductor industry and the basis for
chips in all electronic applications - from computers and smartphones to
electric cars and wind turbines. The international company is highly
customer-oriented and focuses on quality, precision, innovation, and growth.
Siltronic AG employs around 4,500 people worldwide and has been listed in
the Prime Standard of the German Stock Exchange since 2015. Siltronic AG
shares are included in both the MDAX and TecDAX stock market indices.


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13.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Siltronic AG
                   Einsteinstr. 172
                   81677 Munich
                   Germany
   Phone:          +49 89 8564 3133
   Fax:            +49 89 8564-3904
   E-mail:         investor.relations@siltronic.com
   Internet:       www.siltronic.com
   ISIN:           DE000WAF3001
   WKN:            WAF300
   Indices:        MDAX, TecDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Stuttgart, Tradegate Exchange
   EQS News ID:    1901661

End of News EQS News Service
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1901661 13.05.2024 CET/CEST