• Supervisory Board expanded to four members
• Jens Große-Allermann elected
• Dividend of EUR 0.35 per share resolved
• Executive Board confirms positive outlook for current financial year

Wuppertal, 31 August 2017 - Today's Annual General Meeting of GESCO AG, a Prime-Standard-listed company, resolved to expand the Supervisory Board from three to four members and elected Jens Große-Allermann as the latest member. Mr Große-Allermann represents Investmentaktiengesellschaft für langfristige Investoren TGV, Bonn/Germany, which is the largest shareholder of GESCO AG, with a share in share capital of approximately 14.4 %.

Apart from the usual resolution proposals, the Annual General Meeting approved the dividend proposal of EUR 0.35 and created new authorised capital totalling 10 % of share capital.

As part of the shareholder meeting, GESCO Chairman of the Executive Board Dr Eric Bernhard explained the implementation of Portfolio Strategy 2022, which was launched last year. He also reaffirmed the positive outlook for the current financial year 2017/18, which the company most recently confirmed based on the first-quarter figures.

"2016/2017 was an eventful financial year in which we staked out the guideposts for the development of the years ahead with Portfolio Strategy 2022," Dr Eric Bernhard said. "At the same time, we have put a range of measures in motion that are designed to steer GESCO back onto a course of profitable growth. We got off to an exceptionally dynamic start to the new financial year 2017/2018, and incoming orders and sales were at a high level in the second quarter as well. As a result, we remain optimistic for the current financial year and confirm the sales forecast of between EUR 510 million and EUR 530 million. In terms of Group net income after minority interest, we continue to believe there are good prospects of reaching the upper end of the forecast range of EUR 17 million to EUR 18 million."

About GESCO
GESCO AG is an industrial group with market and technology leaders in the investment goods industry focusing on production process technology, resource technology, health and infrastructure technology as well as mobility technology. As a stock listed company on the Prime Standard, GESCO AG offers private and institutional investors access to a portfolio of leading small and medium-sized industrial German companies, so-called hidden champions of Germany's Mittelstand.

Investor Relations ( Oliver Vollbrecht
Tel. +49 202 24820-18 ( Fax +49 202 24820-49
E-mail: info@gesco.de ( Internet: www.gesco.de