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Changes in the Rieter Board of Directors

Luc Tack und Stefaan Haspeslagh resign with immediate effect

The two members of the Board of Directors Luc Tack und Stefaan Haspeslagh announced on August 30, 2021, that they are resigning from the Board of Directors with immediate effect.

Rieter will inform the law enforcement authorities that there is no interest in continuing the criminal proceedings any further.

The Board of Directors welcomes the fact that a joint solution was found that is in the best interests of Rieter and Picanol, both of which are among the world’s leading textile machinery manufacturers.

According to Luc Tack, the Picanol Group (Belgium) will remain a shareholder of Rieter.

For further information please contact:

Rieter Holding Ltd. Investor Relations Kurt Ledermann Chief Financial Officer T +41 52 208 70 15 F +41 52 208 70 60 www.rieter.comRieter Management AG Media Relations Relindis Wieser Head Group Communication T +41 52 208 70 45 F +41 52 208 70 60
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