Stadler Rail: Media Statement Regarding Stadler’s Activities in Russia, Ukraine and Belarus

Media Statement Regarding Stadler’s Activities in Russia, Ukraine and Belarus

Due to recent developments in Russia, Ukraine and Belarus, Stadler would like to provide some clarification on its current business activities in this region.

Stadler has not yet received any orders from Ukraine. At present, Stadler also has no orders from Russia in its order book and therefore does not expect any payment defaults. In the past, Stadler delivered two small orders to Russia (11 trains and 23 trams), the maintenance of the corresponding trains is carried out locally.

So far, there has been no interruption of production in Belarus due to the political situation. Nevertheless, Stadler is prepared for various scenarios and ready to implement possible immediate measures as part of its risk management. Thanks to our flexible manufacturing footprint within the group, Stadler can implement production relocations from Belarus to the European Union in a timely manner.

As a non-government affiliated company, Stadler has not been affected by any sanctions to date. We are constantly monitoring the situation. If future sanctions and embargoes affect Stadler, Stadler will of course implement them accordingly. Until possible sanctions have been defined and implemented, specific effects and measures cannot be assessed and implemented.

Stadler has been building trains and trams in Fanipol, just 30 kilometers from Minsk, for eight years, mainly for the local market as well as for the CIS region and other international markets. Of the original 1,500 employees, around 300 jobs have already been cut in recent months due to lower capacity utilization. The current production capacity of the plant in Belarus is less than 10% of the group’s capacity. Currently, less than 2% of the order book of approximately 18 billion Swiss francs (as of 30.06.2021) is being processed in Belarus.

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About Stadler

Stadler has been building trains for 80 years. The provider of mobility solutions in rail vehicle construction, services and signaling technology is headquartered in Bussnang in eastern Switzerland. It employs approximately 13,000 people across various production and engineering sites, as well as over 60 service sites. The company is aware of its social responsibility for sustainable mobility and therefore stands for innovative, durable and long-lasting quality products. The product range in the field of mainline railways and urban transport includes high-speed trains, intercity trains, regional and suburban trains, metros, trams and streetcars. Stadler also manufactures main line locomotives, shunting locomotives and passenger carriages. It is the world’s leading manufacturer of rack railway vehicles.

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Media contact:

Stadler Railway Group

Gerda Konigstorfer

Group Communications Manager

Telephone: +41 71 626 19 19

E-mail: [email protected]

Investor Relations contact:

Stadler Railway Group

Daniel Strickler

Investor Relations Officer

Telephone: +41 71 626 86 47

E-mail: [email protected]

www.stadlerrail.com