CEWE Stiftung & Co. KGaA:

Dr. Hollander leaves CEWE: reappointment is void

• Management Board has had the conformity with the company statutes of the vote on Dr. Rolf Hollander's membership of the Board of Trustees for a further four years examined
• Appointment is void according to two independent legal opinions, thus Dr. Hollander's term of office at CEWE ended on 31.12.2022
• The Management Board informs the competent state foundation supervisory authority and asks it to ensure that the Board of Trustees is properly reappointed in order to remain able to act
• Unity at CEWE could be restored through a new start in the Board of Trustees and start of the new CEO, Ms. Yvonne Rostock in 2023

Oldenburg, 1 January 2023. The Management Board of the Neumüller CEWE COLOR Stiftung announces that the vote on Dr. Rolf Hollander's membership of the Board of Trustees for a further four years and on his function as Chairman of the Board of Trustees did not reach the majority required in accordance with the statutes. Already at the end of November, the Board had announced that it had doubts about the conformity of this vote with the company statutes and that it was obliged to have the vote legally reviewed. Two legal opinions have now independently come to the clear and unquestionable conclusion that the required majority in the Board of Trustees was not reached. The re-election of Dr. Rolf Hollander to the Board of Trustees is therefore null and void.

As a result, Dr. Rolf Hollander is from January 1^st 2023 no longer a member of the Board of Trustees of the Neumüller CEWE COLOR Stiftung and consequently no longer its Chairman. The Management Board of the Neumüller CEWE COLOR Stiftung is therefore obliged to inform the competent state foundation authority of the Office for Regional Development Weser-Ems. The Board of Management asks this authority to ensure that the Board of Trustees of the Neumüller CEWE COLOR Stiftung is again properly staffed and thus remains capable of acting.

In an internal communication to the company staff, the Management Board regrets that Dr. Hollander's leaving is taking place under such circumstances after more than 30 years of service to CEWE: "Dr. Rolf Hollander has played a decisive role in shaping the digitalization of CEWE and has shaped our company into a model company for our industry. We are grateful to him for this. Nevertheless, the Management Board has the obligation to enforce the rules – be it company statutes or the law – at CEWE. We are fulfilling this duty." At the same time, the Management Board hopes that this new start in terms of personnel on the Board of Trustees, in combination with the start of Ms. Yvonne Rostock as the new CEO on March 1^st 2023, will provide the opportunity to restore unity between the boards at CEWE.

As general partner, the Neumüller CEWE COLOR Stiftung manages the business of the listed CEWE Stiftung & Co. KGaA.

Should you have any queries, please contact:
CEWE Stiftung & Co. KGaA, Axel Weber (Investor Relations)
Tel.: 0441 / 404 - 552, Fax: 0441 / 404 - 421, Email: IR@cewe.de

Internet:  cewe.de , pixum.de , deindesign.de , whitewall.com , cheerz.com ,   

saxoprint.de, viaprinto.de , laser-line.de

The CEWE apps are all available in the app stores: CEWE PHOTO WORLD, CEWE POSTCARD and other photo apps, and the CEWE Investor Relations app for iPad© or android tablets, with annual reports and quarterly reports, presentations and sustainability reports.

You are welcome to join us at one of these investment conferences or to follow up on our pending publications:

Financial schedule

(insofar as already scheduled)

09.01.2023 ODDO BHF Forum 2023

18.01.2023 GCC 2021 – UniCredit/Kepler Cheuvreux Conference

30.03.2023 CEWE 2023 Annual Report and Analysts' Press Conference

30.03.2023  Publication of the 2022 Annual Report

About CEWE:

The CEWE Group is Europe's leading photo service and online printing supplier.

From its beginnings in 1912, CEWE has progressed to become the leading photo service company for all those wanting to make more of their photos. This is mainly due to the much-awarded CEWE PHOTOBOOK, with more than six million books being sold each year. Customers can purchase other personalised photo products under the brand names of CEWE, WhiteWall and Cheerz – and from many leading retailers in Europe. They are inspired to produce a variety of creative designs from their personal photos in these brand environments, entrusting the company with more than 2 billion photos every year.

The CEWE Group has also set up a highly efficient production system for advertising prints and business prints for the online printing market, which is still a new market. Every year billions of high-quality printed products are delivered reliably to their purchasers through the SAXOPRINT, LASERLINE and viaprinto sales platforms.

The CEWE Group, through the founder family of Neumüller as an anchor shareholder, focuses on sustainable corporate management and has already received many awards for this effort:  economically sustainable in the long term; cooperative and fair in dealings with customers, employees and suppliers; socially responsible and protective of the environment and resources. An example of this is the climate-neutral process used to produce all the CEWE brand-name products.

The CEWE Group has a staff of 4,000 employees and operates in 21 countries. CEWE is listed on the SDAX. More information is available at company.cewe.de.