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Disclosure of Inside Information pursuant to Article 17 MAR

Dec 18, 2020

The Supervisory Board and the Chairman of the Management Board reached this agreement today. Ulrich Fritz had been a member of the Company’s Management Board since the end of 2013 and had served as Chief Executive Officer of HWA AG since 2016.

Mr. Fritz’s responsibilities will, until further notice, be assumed by the remaining member of the Management Board, Martin Marx.

The Supervisory Board would like to expressly thank Mr. Fritz for his contributions to HWA AG and wishes him every success, both personally and professionally, in the future.

Contact:

Investor Relations

HWA AG

Marc Schimmelpfennig

Benzstraße 8

71563 Affalterbach

Germany

Phone: +49 (0) 7144 8717-279

Fax: +49 (0) 7144 8718-111

E-mail: ir@hwaag.com

www.hwaag.com

Company Profile of HWA AG

HWA AG is an independent 360-degree engineering specialist in the fields of motorsport and high-performance vehicles. Founded in 1998 by Hans Werner Aufrecht, the company is headquartered in Affalterbach, Germany, and currently employs around 300 highly qualified professionals.

All products and services of HWA AG are guided by the principle ENGINEERING SPEED. The company’s mission is to develop the highest-quality and most effective solutions to help its partners and customers achieve their goals faster. The service portfolio ranges from the design and engineering of all vehicle components to the development and production of complete vehicles, complemented by logistics, aftersales and support services.