Changes to Kaba's Board of Directors

The terms of office of Ulrich Graf, Riet Cadonau and Klaus Schmidt expire on the date of the Annual General Meeting, 25 October 2011. Riet Cadonau became CEO on 1 July 2011, and on this date stepped down from the Board of Directors, as announced, for reasons of good corporate governance. Existing Board member Daniel Daeniker took over from him as Chair of the Audit Committee.

For personal reasons, Klaus Schmidt is not seeking re-election. Kaba Group's Board of Directors regrets this decision and thanks Klaus Schmidt for the valuable contribution he has made during his six years on the Board. The Board of Directors proposes that Ulrich Graf be re-elected. As from the current 2011/2012 financial year, the long-serving executive Chairman of the Board of Directors is heading the Board as non-executive Chairman. Kaba will provide information at the appropriate time if there are any replacement elections to the Board.