CORPORATE NEWS

Daldrup & Söhne AG elects new supervisory board

• Order backlog 27.5 million euros, relevant market volume around 136 million euros
• Management Board confirms forecast for the 2022 business year

Oberhaching / Ascheberg, 26 August 2022 - The Annual General Meeting of Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal specialist, followed the proposal of the management with a large majority in the election of the members of the Supervisory Board. Josef Daldrup, Heinrich Goßheger and Wolfgang Bosbach were re-elected. The shareholders elected Dr Michaela Daldrup-Arnold as a new member of the Supervisory Board. Wolfgang Quecke, a member of the Supervisory Board since the IPO, was not available for another term of office. The election of the Supervisory Board members took place for the period until the end of the Annual General Meeting, which decides on the discharge for the 2026 financial year. The Annual General Meeting discharged the members of the Executive Board and the Supervisory Board and approved the election of the auditor of the financial statements and the consolidated financial statements. In total, around 62% of the voting share capital was represented.

In its speeches, the board of directors expressed its satisfaction with the regained operative earning power and the strategic reorientation for the business year 2021. As of mid-August, the order backlog stood at 27.5 million euros and the market volume relevant for Daldrup & Söhne AG at around 136 million euros. The Daldrup Group is benefiting from a growing dynamic due to the heat turnaround in the target market of geothermal energy, in special deep drilling for safe final storage and in old mining. The Board of Directors confirmed the Group's forecast for the current financial year 2022 with business developing as planned (total output of around 42 million euros, operating EBIT margin of 4 % to 6 %).

Notes

The overview of the voting results as well as the presentation and the speeches of the CEO, Andreas Tönies, and the CFO, Ste-phan Temming, are available on the Daldrup homepage under Investor Relations / Annual General Meeting 2022.

The consolidated half-year report as of 30.06.2022 will be available for download at /de/ir/ on 30.09.2022.

About Daldrup & Söhne AG

Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 75 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).

Disclaimer

This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America ("USA"), Canada, Australia or Japan.

Press & Investor Relations contact

Daldrup & Söhne AG

Falk v. Kriegsheim

     Fon +49 (0)2593-9593-29

     Fax +49 (0)2593-9593-60

Bajuwarenring 17a   

82041 Oberhaching