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RIETER Media Release Ad hoc announcement pursuant to Art . 53 LR Rieter Holding Ltd. Klosterstrasse 32 P.O. Box CH - 8406 Winterthur T +41 52 208 71 71 F +41 52 208 70 60 www.rieter.com Winterthur - August 16 , 2021 Rieter Acquires Three Businesses from Saurer • Investment to complete Rieter's ring- and compact spinning systems and in two attractive component businesses Schlafhorst automatic winder as well as Accotex and Temco will be transferred from Saurer to Rieter • Closing expected during the month of August , implementation to be completed in six to nine months • Changes in the Rieter Board of Directors On August 13 , 2021 , Rieter Holding Ltd. , Winterthur / Switzerland , and Saurer Intelligent Technology Co. Ltd. , Shanghai / China listed , signed an agreement by which Rieter will acquire three businesses from Saurer Netherlands Machinery Company B.V. , Amsterdam / Netherlands , the parent company of Saurer Spinning Solutions GmbH & Co. KG , Uebach - Palenberg / Germany and Saurer Technologies GmbH & Co. KG , Krefeld / Germany . With this acquisition , Rieter will complete the offering of ring- and compact spinning systems by acquiring the Schlafhorst automatic winder business . Additionally , Rieter invests in two attractive component businesses : Accotex ( elastomer components for spinning machines ) and Temco ( bearing solutions for filament machines ) . In total , the three businesses had a combined turnover of EUR 142 million in 2020 , the year of the COVID crisis . In 2019 and 2018 , the total combined turnover was at a level of EUR 235 million and EUR 260 million , respectively . The purchase price for the three businesses is EUR 300 million on a cash and debt free basis . Rieter has financed the purchase price by cash and available credit lines . Rieter and Saurer expect to close the transaction during the month of August . In the first step of the transaction , Rieter will acquire 57 % of the shares of Saurer Netherlands . The shares will be returned to Saurer after the implementation of the transaction in six to nine months . In connection with the transaction , it is envisaged that Rieter will supply automatic winders to Saurer in the future . Rieter Media Release : Rieter acquires three businesses from Saurer , August 16 , 2021 Page 1/3