Comment on the strategy update

Letter from the Alfried Krupp von Halbach Foundation to all employees

Dear thyssenkrupp employees,


thyssenkrupp is in an extremely challenging situation which involves difficult decisions and some uncertainty for all of us. In this special situation we as anchor shareholder are supporting the new "Group of Companies" strategy presented yesterday. We are aware that with the strategy implementation thyssenkrupp will be a different thyssenkrupp. But we have confidence in the actions of the Executive Board and the management teams and we are convinced that the announced course is necessary and will contribute to the company's long-term success.


The Krupp Foundation has been closely linked with thyssenkrupp for more than 50 years and during this time has supported years without dividends as well as capital increases. We are aware that the recent past in particular is a time of many upheavals and also great uncertainty for you. The new course thyssenkrupp must take will involve further difficult decisions in the future. For us as foundation it is very important at this time to give you courage and confidence. It is our greatest concern that thyssenkrupp becomes competitive again, remains capable of paying dividends in the long term and can offer you sustainable jobs. That is what the foundation is working for.


With best regards,