EANS-News: Lenzing AG / Resolutions adopted by the virtual Annual General Meeting of Lenzing AG CNE

4/14, 3:40 PM (Source: euro adhoc)
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This year’s Annual General Meeting of Lenzing AG approved all the items on the
agenda. Lenzing’s Managing Board presented the sustainability strategy and a
strategic outlook, amongst other things.

Annual & Special Corporate Meetings

Lenzing - At the 77th Annual General Meeting of Lenzing AG, which was once again
held virtually on Wednesday, April 14, 2021 via livestream due to the COVID-19
pandemic, the members of the Managing Board and Supervisory Board were formally
discharged from liability for the business year 2020. KPMG Austria GmbH
Wirtschaftsprüfungs- u. Steuerberatungsgesellschaft was appointed to serve as
the auditor of the annual financial statements and consolidated annual financial
statements for the business year 2021.

Furthermore, the Annual General Meeting adopted the resolution on the
compensation to be paid to Supervisory Board members as well as the principles
underlying the remuneration of the members of the Managing Board. In addition to
financial performance criteria, the remuneration policy of Lenzing AG regulating
the multi-year, performance-oriented remuneration paid to the Managing Board
members will also be linked in the future to non-financial sustainability
criteria (ESG) designed to further promote the sustainable business strategy of
Lenzing AG.

Zwtl.: Fully on track strategically

The Managing Board of Lenzing AG presented the business development of the year
2020, a strategic outlook and sustainability strategy including the relevant
roadmap to achieve climate targets to the participating shareholders. For
Lenzing AG, the business year 2020 was also primarily impacted by the COVID-19
pandemic. Nevertheless, the company succeeded in remaining fully on track in
such a challenging time and continued to determinedly press ahead with its
strategic objectives. The implementation of its ambitious climate targets
enabled the company to actively contribute to mastering the problems caused by
climate change. In 2019, Lenzing made a strategic commitment to reducing its
greenhouse gas emissions per ton of product by 50 percent by the year 2030. The
goal is to operate in a climate-neutral manner by 2050.

The substantial investments made in Thailand and Brazil not only support Lenzing
in its transformation to a supplier of environmentally compatible specialty
fibers but also comprise an important milestone on this journey which
sustainably increases the company's enterprise value. The facility in Thailand
is conceived as a CO2 neutral production plant, whose excellent infrastructure
allows for a sustainable biogenic energy supply. For its part, the production
plant in Brazil will feed more than 50 percent of the generated electricity into
the public grid as renewable energy, thus giving it a positive net carbon

The implementation of these two key projects is proceeding ahead as planned in
spite of the direct impacts of the coronavirus crisis. The pulp plant in Brazil
is scheduled to be put into operation in the first half of 2022 and will
significantly increase Lenzing's own in-house supply of dissolving pulp.
Production in Thailand is expected to commence towards the end of 2021, further
raising the share of eco-friendly specialty fibers in the Lenzing product

Zwtl.: New appointments to the Supervisory Board

Dr. Veit Sorger retired from the Supervisory Board of Lenzing AG on his request
effective at the end of the Annual General Meeting. Veit Sorger had been a
Member of the Supervisory Board since 2004 (also serving as Deputy Chairman
since 2011) and served on various Supervisory Board committees. Mr. Sorger
worked in close partnership with Lenzing over a period of more than 17 years,
leveraging his position on the Supervisory Board and his industrial and
management experience to exert a major influence on many of the important
strategic measures taken by the company. Lenzing AG would like to sincerely
thank him for his longstanding loyalty and constructive cooperation.

The Annual General Meeting elected Dr. Markus Fürst, Managing Director of B&C
Industrieholding GmbH, and Thomas Cord Prinzhorn, MBA, CEO of Prinzhorn Holding
GmbH, to serve on the Supervisory Board until the end of the Annual General
Meeting resolving upon the discharge of the Supervisory Board members for the
business year 2024. Moreover, the Supervisory Board mandate of Dipl.-BW Peter
Edelmann was extended (up until the Annual General Meeting resolving upon the
discharge of the Supervisory Board members for the business year 2023) along
with the mandate of Dr. Stefan Fida (up until the Annual General Meeting
resolving upon the discharge of the Supervisory Board members for the business
year 2024).

As a result, the Supervisory Board of Lenzing AG consists of ten members elected
by the Annual General Meeting: the shareholder representatives Dipl.-BW Peter
Edelmann, Mag. Helmut Bernkopf, Dr. Christian Bruch, Dr. Stefan Fida, Dr. Markus
Fürst, Dr. Franz Gasselsberger, Melody Harris-Jensbach, Thomas Cord Prinzhorn,
MBA, Mag. Patrick Prügger and Dr. Astrid Skala-Kuhmann, as well as Herbert
Brauneis, Ing. Daniela Födinger, Helmut Kirchmair, Georg Liftinger and Johann
Schernberger appointed by the Works Council.

In the subsequent constituent meeting of the Supervisory Board, Dipl.-BW Peter
Edelmann was elected as Chairman of the Supervisory Board of Lenzing AG. Mag.
Patrick Prügger was elected to serve as the 1st Deputy Chairman and Dr. Stefan
Fida to be the 2nd Deputy Chairman of the Supervisory Board.

The curricula vitae of the Supervisory Board members can be downloaded under
https://www.lenzing.com/investors/shareholders-meeting/2021 [https://
www.lenzing.com/investors/shareholders-meeting/2021]. Here you can also read
about details and the outcome of voting on the resolutions pertaining to the
individual items on the agenda.

Further inquiry note:
Daniel Winkelmeier
Vice President Corporate Communications a.i.
Lenzing AG
Phone: +43 676 7579843
E-mail: d.winkelmeier@lenzing.com

end of announcement                         euro adhoc

issuer:       Lenzing AG

A-4860 Lenzing
phone:        +43 7672-701-0
FAX:          +43 7672-96301
mail:         office@lenzing.com
WWW:          http://www.lenzing.com
ISIN:         AT0000644505
indexes:      WBI, ATX
stockmarkets: Wien
language:     English

EAX0002    2021-04-14/15:40

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