MONTANA AEROSPACE : IS IDEALLY PREPARED FOR A SURGE IN DEMAND WITH ITS ONE-STOP-SHOP CONCEPT 

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MONTANA AEROSPACE AG

A MONTANA TECH COMPONENTS COMPANY

[phone] Alte Aarauerstrasse 11 5734 Reinach Switzerland

[e-mail]

Commercial register:

CHE-248.340.671

PRESS RELEASE

Reinach (Aargau), 24 March 2022

STRONG GROWTH IN THE AEROSPACE SECTOR: MONTANA AEROSPACE AG IS IDEALLY PREPARED FOR A SURGE IN DEMAND WITH ITS ONE-STOP-SHOP CONCEPT

Globally rising commodity prices are offset by the contractual price adjustment clauses, the high degree of recycling in production as well as by the strategic build-up of inventories.

"The coronavirus pandemic triggered a major downturn in the aerospace sector throughout the world. In mid-2021, a strong trend reversal set in, and in 2022, the recovery picked up even more speed. The same is happening among the major airplane manufacturers and they have revised their production rates upwards", said Markus Nolte, CEO of Montana Aerospace AG. Airbus, for example, announced plans to deliver 720 new airplanes again in 2022.

"At the same time as the recovery, two major effects have become apparent. First, the consolidation trend in the sector is accelerating. Second, aircraft manufacturers want to shorten delivery times and reduce the complexity of supply chains and are therefore increasingly focusing on one-stop-shop concepts. Additionally, globally rising commodity and energy prices are negatively affecting suppliers. Many market participants are currently having problems meeting the enormous rise in demand.

100% delivery reliability is essential in our sector, because delivery delays have massive effects. This opened up opportunities for us already in 2021 and we were able to sustainably fill in the gaps where other suppliers were at their limits", said Nolte.

Montana Aerospace took advantage of the crisis years to continue unwaveringly on its growth path. "We are a leading one-stop-shop supplier in the aerospace industry and have acquired further market shares thanks to our concept", explained Kai Arndt, COO of Montana Aerospace AG. The highly integrated supply chain helped shorten delivery routes in specific cases, for example, from 17,000 km to 2,000 km and delivery times from 60 weeks to 10 to 12 weeks. This not only reduces costs and production times, but also the carbon footprint. The Montana Aerospace Group supplies alloys and also ready-to-install assemblies and complex structures for the aerospace industry and components for the e-mobility and energy

infrastructure markets. The diversification of the business areas gives Montana Aerospace a broad and solid business base and this has advantages in times of economic crisis, as proven during the pandemic.

No direct dependence on Russia or Ukraine

Montana Aerospace is mastering the steep rise in commodity prices and delivery bottlenecks caused by the war in the Ukraine with a forward-looking commodity strategy. Price increases on global markets are being offset by the customary contractual clauses for commodity costs. Additionally, the companies of the Montana Aerospace Group employ a high degree of recycling, especially of aluminum where around 70% of the materials used are sourced from recycled materials. Furthermore, Montana Aerospace has worked to build up inventories in the past months to secure production capacities over several months. There are no operational relations with the Ukraine or Russia, and no significant dependence on commodity suppliers. The surge in energy prices, which affects mainly European production sites, is being countered by Montana Aerospace AG with investments in solar power installations at the production sites in Romania. The goal is to attain greater independence from external energy suppliers over the long term by 2024.

Head of M&A and Investor Relations

Marc Vesely recte Riha

Phone: [phone]

E-mail:[e-mail]

Press contact

Jürgen Beilein

Phone:[phone]

E-mail:[e-mail]

About Montana Aerospace AG

Montana Aerospace AG is a leading producer of system components and complex assemblies for the aerospace industry, with worldwide engineering and manufacturing operations. The Company has approximately 5,500 highly skilled employees at 28 locations on four continents

• designing, developing and producing ground-breaking technologies for tomorrow's aerospace, e-mobility and energy industries out of aluminium, titanium, composite, copper and steel.

About Montana Tech Components AG

Montana Tech Components AG, founded in 2006, is a globally active industrial group focusing on key technologies in future markets. The companies of the growth-oriented group hold a leading position in their field of activities. By focusing on selected key technologies, market leadership, and continuous innovation, MTC pursues a sustainable growth strategy in its divisions - VARTA AG, Aluflexpack AG and Montana Aerospace AG. The Group generated sales worth EUR 1.72 billion in 2020 and is represented at 83 locations in 34 countries worldwide. It currently employs a total of around 10,700 highly qualified staff members.

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Disclaimer

The information contained herein is not for release, directly or indirectly, in or into the United States of America, Canada, Australia, Japan or any other jurisdiction where to do so would be unlawful. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in Canada, Australia or Japan or any other jurisdiction where such an offer or solicitation would be unlawful. In particular, this document is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or an exemption from registration. The securities referred to herein have not been and will not be registered under the Securities Act. No public offering of the securities has been or will be made in the United States.

None of the underwriters or any of their respective subsidiary undertakings, affiliates or any of their respective directors, officers, employees, advisers, agents, alliance partners or any other entity or person accepts any responsibility or liability whatsoever for, or makes any representation, warranty or undertaking, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Group, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Accordingly, each of the underwriters and the other foregoing persons disclaim, to the fullest extent permitted by applicable law, all and any liability, whether arising in tort or contract or that they might otherwise be found to have in respect of this announcement and/or any such statement.

This communication is not an offer to sell or a solicitation of offers to purchase or subscribe for securities. This communication is not a prospectus within the meaning of the Swiss Financial Services Act (the "FinSA") and will not be reviewed by any competent authority. Any offer of securities of the Company will be made solely by means of, and on the basis of, a prospectus that will contain, among others, detailed information about the Company and its management, the offered securities (specifically the associated rights, obligations and risks) as well as the offer itself. This communication constitutes no advertising in the sense of article 68 of the FinSA. Such advertisements are communications to investors aiming to draw their attention to financial instruments. Any investment decisions with respect to any securities should not be made based on this advertisement. Any person considering the purchase of any securities of the Company must inform itself independently based solely on such prospectus (including any supplement thereto). The prospectus, which has been approved by a reviewing body recognised by the Swiss Financial Market Supervisory Authority FINMA, is available free of charge at Montana Aerospace AG, Alte Aarauerstrasse 11, 5734 Reinach (AG), Switzerland (email: [e-mail]). Investors are furthermore advised to consult their bank or financial adviser before making any investment decision.

This document does not constitute an "offer of securities to the public" within the meaning of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation") of the securities in the United Kingdom (the "UK"). Any offers of the securities in the UK will be made pursuant to an exemption under the UK Prospectus Regulation from the requirement to produce a prospectus for offers of the securities. In the UK, this document is only addressed to qualified investors within the meaning of the UK Prospectus Regulation. In addition, this document is only being distributed to and is only directed at (i) persons who are outside of the United Kingdom or (ii) to investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FSMA Order") or (iii) persons falling within articles 49(2)(a) to (d), "high net worth companies, unincorporated associations, etc." of the FSMA Order, and (iv) persons to whom an invitation or inducement to engage in investment activity within the meaning of section 21 of the Financial Services and Markets Act 2000 may otherwise be lawfully communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

This document does not constitute an "offer of securities to the public" within the meaning of Regulation (EU) 2017/1129 of the European Union, as amended (the "Prospectus Regulation") in any member state of the European Economic Area (the "EEA"). Any offers of the securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus for offers of the securities. In any member state of the EEA, this document is only addressed to qualified investors in that relevant member state within the meaning of the Prospectus Regulation.

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Statements contained herein may constitute "forward-looking statements". Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal", "aim" or "target" or the negative of these words or other variations on these words or comparable terminology.

Forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause the Company's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.

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