Media Information , 15th May 2015

BORGWARD Group AG Appoints Ulrich Walker as Chairman of the Board of Management and CEO

As announced at the Geneva International Motor Show in March this year, the Supervisory Board of the Group AG has appointed Ulrich Walker, former chairman and CEO of Daimler North East Asia as chairman of the Board of Management and CEO of the AG.

“Ulrich Walker has a profound industrial background and broad knowledge of the premium automotive segment in ”, Christian Borgward, Chairman of the Supervisory Board of the BORGWARD Group AG, said. The investor Foton said: “Ulrich Walker gained a lot of insight into global markets, especially in Asia and other emerging markets. He is the best candidate for leading Borgward growth globally.” The global headquarter of BORGWARD will be located at the Citygate Building in Stuttgart.

Engineer, expert and a pure ‘ guy’

Ulrich Walker has graduated as mechanical engineer from the University of Stuttgart. During his 35 years career, starting as an engineer, he worked in executive positions in manufacturing, marketing, product planning, quality management, sales and aftersales at Daimler, thus accumulating rich experience in international automotive operations and management.

From 2000 to 2004 he was member of the Board of Mitsubishi Motor Corporation and responsible for R&D, Production, Product planning and Procurement.

From 2004 to 2006, Mr. Walker worked as President & CEO of and was member of the Board of Directors of the Car Group. In this time, Ulrich Walker got smart back on course successfully, integrated smart into the Mercedes Car Group and introduced smart into the US and Chinese market.

From 2006 to 2013 he was Chairman and CEO of Daimler North East Asia. During his seven years tenure he was in charge of all Daimler operations in the Chinese mainland,

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Hong Kong, Macao, Taiwan and Korea. He strengthened the position of Daimler in and set the foundation for the success of Daimler in China.

Ulrich Walker describes his work philosophy, which he had kept for many years, as ‘double-C’: in an environment full of challenges and changes only intercultural flexibility and cooperation can lead to success.

“I’m honored to lead this respected German brand into the future. BORGWARD is a legendary global brand which has set industrial milestones and created brilliant stories in history. Several of its innovations and classic have been widely acclaimed in the industry and I am confident that BORGWARD will win back its place in the international . We will work hard to satisfy our customers with aesthetic design, highest quality as well as innovative and sustainable technology. The Borgward Group AG with its HQ in Germany will provide a wide range of products engineered and designed in Germany and will offer its customers accessible premium.”

As chairman and CEO of the BORGWARD Group AG, Ulrich Walker will be in charge of the global operations and management, executing the long-term strategy for brand development and marketing as well as supervising the R&D, design, manufacturing and global sales.

Ulrich Walker: ”Sure, we have a long way to go. But we have a solid base, strong financial background and a clear vision and strategy.”

Ends.

Further information

BORGWARD Group AG

Phone +49 -152-33 51 51 83 E-mail [email protected] Website www.borgward.com

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