Change in leadership on the Executive Board of Knorr-Bremse AG

The Supervisory Board stands fully behind the successful business strategy of Knorr-Bremse
AG. Current business trading is fully in line with expectations. Mr. Deller resigned due to
different views about leadership and collaboration.
Professor Dr. Klaus Mangold, Chairman of the Supervisory Board of Knorr-Bremse AG, said:
“On behalf of all members of the Supervisory Board, I would like to thank Klaus Deller for the
very successful work he has done over the past 10 years, in his divisional responsibility as
well as since 2015, as CEO. I would like to highlight particularly the company’s successful
IPO. With its access to capital markets and its long-range company strategy, Knorr-Bremse
is positioned in the best-possible way for the future.“