SCHAAF - NEWS July 2012

Nowadays, our customers and suppliers expect shorter and faster decisions. Due to the
expansion of the company and the extension in Taicang (China), SCHAAF GmbH & Co. KG
needs to meet the requirements.

Therefore, the following colleagues:
M.B.A. Frank Ebel (Commercial Manager and Controlling)
Graduate Engineer Martin Kamp (Technical Design) and
Stefan Thoenes (Manager Purchase)

will become Authorized Officers according to German law §53 Abs 1 HGB as of
01 August 2012. Thus, the course for the future is set to make the grade for quick acting.