EQS-Adhoc: ams-OSRAM AG: ams OSRAM signs close to EUR 450 million of infrastructure related asset transactions as part of its recently presented financing plan

EQS-Ad-hoc: ams-OSRAM AG / Key word(s): Disposal
   ams-OSRAM AG: ams OSRAM signs close to EUR 450 million of infrastructure
   related asset transactions as part of its recently presented financing
   plan

   30-Oct-2023 / 07:00 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group AG.
   The issuer is solely responsible for the content of this announcement.

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   Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss
   Exchange
   -------------------------------------------------------

   ams OSRAM signs close to EUR 450 million of infrastructure related asset
   transactions as part of its recently presented financing plan

    

     • The main transaction relates to a Sale and Leaseback of its new Kulim
       8-inch facility with expected proceeds of around EUR 400 million and
       excludes the manufacturing equipment. 
     • Investment partners are three of Malaysia’s largest and most
       recognized investment companies.
     • Sale of assets will not affect any technology, R&D or manufacturing
       strategies of ams OSRAM outlined in its “Re-establish the Base”
       program
     • ams OSRAM continuously expands its operations in Malaysia and fosters
       additional employment opportunities in the country in the field of
       science and high-tech semiconductors.
     • ams OSRAM also closed the divestment of a phased-out manufacturing
       facility located in Asia  with proceeds of EUR mid double digit
       millions.

   Premstaetten, Austria, and Kulim, Malaysia (30 October 2023) -- ams OSRAM
   (SIX: AMS) Today, ams OSRAM signed Sale and Leaseback agreements totaling
   up to Malaysian Ringgit 2 billion (approximately EUR 400 million) in gross
   proceeds (“Lease Financing”). The Sale and Leaseback transaction is part
   of the previously announced financing plan and limited to the newly
   constructed Kulim 8-inch semiconductor facility’s primary and secondary
   structures. The Lease Financing transaction is expected to close in winter
   2023/2024 and runs for a term of 10 years, subject to certain conditions.

   “We are progressing fast in implementing our recently announced
   comprehensive financing plan. The Sale and Leaseback transaction of our
   new 8-inch LED manufacturing facility in Kulim is a key element to
   optimize the borrowing cost in today’s high interest environment,” said
   Rainer Irle, CFO of ams OSRAM. “I would like to recognize particularly our
   partners, Permodalan Nasional Berhad (PNB), the Employees' Provident Fund
   (EPF) and Retirement Fund (Incorporated) (KWAP) for their engagement in
   this transaction.”

   On September 27, 2023 ams OSRAM announced its financing plan of EUR 2.25
   billion, with around EUR 1.9 billion expected to be financed in the coming
   months comprising of EUR 800 million capital raise, around EUR 800 million
   in new senior bond issuances and around EUR 300 million asset-level
   transactions. As announced today, these asset-level transactions are now
   expected to yield close to EUR 450 million in proceeds. The Kulim 8-inch
   facility Sale and Leaseback transaction is the key element amongst these
   asset-level transactions.

   In 2022, ams OSRAM started an approximately EUR 1 billion investment in
   manufacturing, facilities and R&D for state-of-the-art LED and microLED.
   The new facility in Kulim is expected to be the world’s first fully
   automated 8-inch LED manufacturing facility. The facility shows the
   company’s dedication to sustainability, featuring highly energy and cost
   efficient green building practices in compliance with the LEED green
   building standards. The certification process is in progress, with the
   goal of becoming the first LEED GOLD certified semiconductor front-end
   facility in Malaysia, enabling the production of future generations of
   cutting-edge products.

   In 2022, ams OSRAM celebrated 50 years in Malaysia. Over the course of
   this time, the company chose to develop a strong manufacturing base,
   research and development activities, sales and marketing functions, a
   global business center and IT service centers in the country due to the
   excellent infrastructure and education standards. The company´s continued
   investment stands as a testament to the excellent economic partnership
   between ams-OSRAM and Malaysia.

   ams OSRAM continues to deliver on its plan to optimize its footprint in
   line with its recently announced strategy focusing the semiconductor
   segment on its profitable core of intelligent sensors and emitters. Within
   this context, the company closed a transaction to divest an already
   phased-out manufacturing facility in Asia, receiving proceeds of EUR
   mid-double digit million. The sale of the assets will not affect any
   technology, R&D or manufacturing capability of ams OSRAM outlined in its
   “Re-establish the Base” program.

    

   About Permodalan Nasional Berhad (PNB):

   Permodalan Nasional Berhad (PNB) is one of the largest fund management
   companies in Malaysia with assets under management (AUM) exceeding RM300
   billion. PNB's portfolio covers strategic investments in Malaysia's
   leading corporates, global equities, private investments and real estate.
   For more information, please visit www.pnb.com.my.

    

   About Retirement Fund (Incorporated) (KWAP): KWAP was established on 1st
   March 2007 under the Retirement Fund Act 2007 (Act 662) replacing the
   repealed Pensions Trust Fund Act 1991 (Act 454).

   KWAP manages contributions from the federal government and relevant
   agencies made into the Retirement Fund to obtain optimum returns on its
   investments through sound management and investment of the Fund in equity,
   fixed-income securities, money market instruments, and other forms of
   investments as permitted under the Retirement Fund Act 2007 (Act 662). The
   Fund shall be applied towards assisting the Federal Government in
   financing its pension duties. In 2015, KWAP was officially appointed as an
   agent of the Federal Government for the purpose of pension payment,
   gratuity, or other benefits granted under any written law from the
   Consolidated Fund as agreed between the Federal Government and KWAP.

   Visit www.kwap.gov.my for more information.

   About Employees' Provident Fund (EPF): 

   The Employees Provident Fund (EPF) is one of the oldest retirement funds
   in the world. Established in 1951, the EPF is a social-security
   organization focused on safeguarding member savings and delivering
   excellent services. In recent years, in line with its vision of helping
   members achieve a better future, the EPF has expanded its role to
   encompass the creation of a comprehensive social well-being ecosystem.
   Today, the EPF remains steadfast in its commitment to members through
   consistent efforts to update and improve itself, in order to build the
   foundation for sustainable, holistic and equitable well-being for all
   Malaysians.

    

    

   Disclaimer

   This announcement constitutes neither an offer to sell nor a solicitation
   to buy securities. Any offer regarding any publicly offered securities of
   ams-OSRAM AG (“ams-OSRAM AG” or the “Company,” and together with its
   subsidiaries, the “Group”) in Austria will be made solely by means of, and
   on the basis of, a securities prospectus (including any supplements
   thereto, if any) to be approved by the Austrian Financial Market Authority
   (Finanzmarktaufsichtsbehörde, the “FMA”) and to be published in accordance
   with the Regulation (EU) 2017/1129 (the “Prospectus Regulation”) on the
   website of the Company (www.ams-osram.com). An investment decision
   regarding any publicly offered securities of ams-OSRAM AG should only be
   made on the basis of a prospectus. Any orders relating to securities of
   ams-OSRAM AG received prior to the commencement of a public offering will
   be rejected. If a public offering is to be made in Austria, a securities
   prospectus will be published promptly upon approval by FMA in accordance
   with the Prospectus Regulation and will be available free of charge from
   ams-OSRAM AG during usual business hours, or on the ams-OSRAM AG website.

   This announcement is not a prospectus according to Articles 35 et seqq. of
   the Swiss Financial Services Act (the “FinSA”) and as such does not
   constitute an offer to sell nor a solicitation to buy securities of
   ams-OSRAM AG or any other company. This announcement is made for
   information purposes only and shall not constitute investment advice. Any
   offer regarding any publicly offered securities of ams-OSRAM AG in
   Switzerland will be solely made by means of, and on the basis of, a
   prospectus (including any supplements thereto, if any) that is deemed
   approved  in Switzerland without additional approval procedure in
   accordance with the FinSA, which will be made available free of charge
   from ams-OSRAM AG and UBS AG during regular business hours, or on the
   ams-OSRAM AG website prior to the public offering. An investment decision
   regarding any publicly offered securities of ams-OSRAM AG should only be
   made on the basis of the prospectus published for such purpose.

   This announcement does not constitute or form a part of any offer or
   solicitation to purchase or subscribe for securities in the United States,
   Australia, Canada or Japan, or any other jurisdiction in which such offer
   or solicitation may be unlawful. Any failure to comply with these
   restrictions may constitute a violation of United States, Canadian,
   Australian, Japanese or other applicable securities laws. The securities
   mentioned herein have not been, and will not be, registered under the US
   Securities Act of 1933, as amended (the “Securities Act”).  The securities
   may not be offered or sold in the United States, absent registration or an
   exemption from the registration requirements of the Securities Act. There
   will be no public offer of the securities in the United States.

   This announcement is not a prospectus for the purposes of Prospectus
   Regulation or Regulation (EU) 2017/1129 as it forms part of domestic law
   in the United Kingdom by virtue of the European Union (Withdrawal) Act
   2018 (the “UK Prospectus Regulation”) and does not constitute an offer to
   sell or the solicitation of an offer to purchase securities of ams-OSRAM
   AG. Investors should not subscribe for any securities referred to in this
   document except on the basis of the information contained in any
   prospectus relating to the securities, the former of which may be
   published by the Company in final form on its website (www.ams-osram.com).
   Any such prospectus would include a description of risk factors in
   relation to an investment in the Group. You should conduct your own
   independent analysis of all relevant data provided in any prospectus and
   you are advised to obtain independent expert advice as to the legal, tax,
   accounting, financial, credit and other related aspects before making any
   investment decision.

    

   No representation, warranty or undertaking, express or implied, is made by
   the Group, its shareholders, or any of the Group’s or its shareholders’
   respective affiliates or any of its or their respective directors,
   officers, employees or agents (the “Representatives”) or any other person
   as to, and no reliance should be placed on, the fairness, accuracy,
   completeness or correctness of the information set forth in this
   announcement or the opinions contained therein or any other statement made
   or purported to be made in connection with the Company or the Group, for
   any purpose whatsoever. No responsibility, obligation or liability
   whatsoever, whether arising in tort, contract or otherwise, is or will be
   accepted by the Group, the Company or its shareholders or any of their
   respective Representatives or any other person for any loss, cost or
   damage howsoever arising from any use of the information contained in this
   announcement, or for information or opinions or for any errors, omissions
   or misstatements contained therein or otherwise arising in connection
   therewith.

   The information in this announcement is of an abbreviated nature and is
   subject to updating, revision, amendment, verification, correction,
   completion and change without notice. None of the Group, the Company or
   its shareholders or any of their respective Representatives or any other
   person undertakes any obligation to provide the attendee or recipient with
   access to any additional information or to update the information in this
   announcement or to correct any inaccuracies in any such information,
   including any financial data or forward-looking statements. Such
   information should be considered in the context of the circumstances
   prevailing at the time and has not been, and will not be, updated to
   reflect material developments which may occur after the date thereof. None
   of the Group, the Company or its shareholders  or any of their respective
   Representatives have independently verified any of the information in this
   announcement.

   This announcement may contain statements about ams-OSRAM AG or the Group
   that are or may constitute or include forward-looking statements.
   Forward-looking statements are statements that are not historical facts
   and may be identified by words such as “plans”, “targets”, “aims”,
   “believes”, “expects”, “anticipates”, “intends”, “estimates”, “will”,
   “may”, “continues”, “should” and similar expressions. These
   forward-looking statements reflect, at the time made, the Group’s beliefs,
   intentions and current targets/aims concerning, among other things, the
   Company’s or the Group’s results of operations, financial condition,
   liquidity, prospects, growth and strategies. Forward-looking statements
   include statements regarding: objectives, goals, strategies, outlook and
   growth prospects; future plans, events or performance and potential for
   future growth; economic outlook and industry trends; developments of the
   Company’s or the Group’s markets; and the strength of the Company’s or any
   other member of the Group’s competitors. Forward-looking statements
   involve risks and uncertainties because they relate to events and depend
   on circumstances that may or may not occur in the future. The
   forward-looking statements in this announcement are based upon various
   assumptions, many of which are based, in turn, upon further assumptions,
   including without limitation, management’s examination of historical
   operating trends, data contained in the Group’s records and other data
   available from third parties. Although the Group believes that these
   assumptions were reasonable when made, these assumptions are inherently
   subject to significant known and unknown risks, uncertainties,
   contingencies and other important factors which are difficult or
   impossible to predict and are beyond its control. Forward-looking
   statements are not guarantees of future performance and such risks,
   uncertainties, contingencies and other important factors could cause the
   actual outcomes and the results of operations, financial condition and
   liquidity of the Company and other members of the Group or the industry to
   differ materially from those results expressed or implied in this
   announcement by such forward-looking statements. No assurances can be
   given that the forward-looking statements will be realized. The
   forward-looking statements speak only as of the date of this announcement.
   The Group expressly disclaims any obligation or undertaking to release any
   updates or revisions to any forward-looking statements to reflect any
   change in the Group’s expectations with regard thereto or any changes in
   events, conditions or circumstances on which any forward-looking
   statements are based. No representation or warranty is made that any of
   these forward-looking statements or forecasts will come to pass or that
   any forecast result will be achieved. Undue influence should not be given
   to, and no reliance should be placed on, any forward-looking statement.

     

   About ams OSRAM

   The ams OSRAM Group (SIX: AMS) is a global leader in intelligent sensors
   and emitters. By adding intelligence to light and passion to innovation,
   we enrich people’s lives.

   With over 110 years of combined history, our core is defined by
   imagination, deep engineering expertise and the ability to provide global
   industrial capacity in sensor and light technologies. We create exciting
   innovations that enable our customers in the automotive, industrial,
   medical and consumer markets maintain their competitive edge and drive
   innovation that meaningfully improves the quality of life in terms of
   health, safety and convenience, while reducing impact on the environment.

   Our around 21,000 employees worldwide focus on innovation across sensing,
   illumination and visualization to make journeys safer, medical diagnosis
   more accurate and daily moments in communication a richer experience. Our
   work creates technology for breakthrough applications, which is reflected
   in over 15,000 patents granted and applied. Headquartered in
   Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany),
   the group achieved over EUR 4.8 billion revenues in 2022 and is listed as
   ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4).

    

   Find out more about us on [1]https://ams-osram.com

    

   ams is a registered trademark of ams-OSRAM AG. In addition many of our
   products and services are registered or filed trademarks of ams OSRAM
   Group. All other company or product names mentioned herein may be
   trademarks or registered trademarks of their respective owners.

   Join ams OSRAM social media channels: [2]>Twitter  [3]>LinkedIn 
   [4]>Facebook  [5]>YouTube

    

    

   For further information

   Investor Relations   Media Relations       

   ams-OSRAM AG     ams-OSRAM AG   

   Dr Juergen Rebel    Bernd Hops  

   Senior Vice President    Senior Vice President   

   Investor Relation    Corporate Communications 

   T: +43 3136 500-0                    T: +43 3136 500-0 

   [6]investor@ams-osram.com   [7]press@ams-osram.com     

   End of Inside Information

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   30-Oct-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     ams-OSRAM AG
                Tobelbader Straße 30
                8141 Premstaetten
                Austria
   Phone:       +43 3136 500-0
   E-mail:      investor@ams-osram.com
   Internet:    https://ams-osram.com/
   ISIN:        AT0000A18XM4
   WKN:         A118Z8
   Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
                Munich, Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock
                Exchange (Vienna MTF)
   EQS News ID: 1758737


    
   End of Announcement EQS News Service


   1758737  30-Oct-2023 CET/CEST

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