Knorr-Bremse increases dividend by 13% to EUR 1.64

EQS-News: Knorr-Bremse Aktiengesellschaft / Key word(s): AGM/EGM
Knorr-Bremse increases dividend by 13% to EUR 1.64

30.04.2024 / 13:49 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Knorr-Bremse increases dividend by 13% to EUR 1.64

  * All agenda items approved by large majority at the Knorr-Bremse AG
    Annual General Meeting

* Dividend: total distribution reaches approximately EUR 264 million

* Payout ratio is 46% of consolidated net income

Munich, April 30, 2024 - At the Annual General Meeting of Knorr-Bremse AG
today, the shareholders passed all items on the agenda with high approval
rates. The shareholders also agreed to the proposal by the Executive Board
and Supervisory Board to distribute a dividend of EUR 1.64 per share with
dividend rights (161,200,000 shares) for the 2023 fiscal year. Compared with
the previous year, this represents a significant 13% dividend increase. The
payout ratio is approximately 46% of the consolidated net income for 2023,
similar to the previous year, and is therefore consistent with the existing
dividend policy of distributing 40% to 50% to shareholders.

Moreover, the shareholders agreed with around 95% to the modified
remuneration system for the Executive Board, which puts an even stronger
focus on the company's profitability and earnings as well as its
sustainability (ESG). Simultaneously, the modification increases the
transparency of the system and reflects general developments in remuneration
systems.

The Annual General Meeting was held virtually. A total of roughly 90% of the
share capital of Knorr-Bremse was represented at the Annual General Meeting.

A recording of the speeches given by the Chairman of the Supervisory Board
and the members of the Executive Board, and the detailed results of the
votes on the individual agenda items at the meeting will be available at
www.ir.knorr-bremse.com in the near future.

Media contact: Claudia Züchner, Spokesperson Finance

Phone: +49 89 3547 2582
E-mail: claudia.zuechner@knorr-bremse.com

Investor Relations: Andreas Spitzauer, Head of Investor Relations

Phone: +49 89 3547 182310
E-mail: andreas.spitzauer@knorr-bremse.com

About Knorr-Bremse

Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX) is the global market
and technology leader for braking systems and a leading supplier of other
rail and commercial vehicle systems. Knorr-Bremse's products make a decisive
contribution to greater safety and energy efficiency on rail tracks and
roads around the world. 33,000 employees at over 100 locations in some 30
countries develop and produce innovative solutions and services that meet
the highest technological standards. In 2023, Knorr-Bremse's two divisions
together generated revenues of approximately EUR 7.9 billion. For almost 120
years, the company has been at the cutting edge of its industries, driving
innovation in mobility and transportation technologies with a leading edge
in connected system solutions. Knorr-Bremse is one of Germany's most
successful industrial companies and profits from the key global megatrends:
urbanization, sustainability, digitalization, and mobility.


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30.04.2024 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:        Knorr-Bremse Aktiengesellschaft
                   Moosacher Str. 80
                   80809 Munich
                   Germany
   Phone:          +49 89 3547 0
   E-mail:         info@knorr-bremse.com
   Internet:       www.knorr-bremse.com
   ISIN:           DE000KBX1006
   WKN:            KBX100
   Indices:        MDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate
                   Exchange; Vienna Stock Exchange (Vienna MTF)
   EQS News ID:    1893113

End of News EQS News Service
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1893113 30.04.2024 CET/CEST