Press release of the Neumüller CEWE Color Foundation

Press release of the Neumüller CEWE Color Foundation:

Differences of opinion in the committee now also formally ended

Oldenburg, May 2, 2024: The legal proceedings pending at the Oldenburg Regional Court between the Neumüller CEWE Color Foundation and the former Chairman of the Foundation's Board of Trustees and various current and former members of the Board of Trustees regarding the effectiveness of the controversial extension of Dr. Hollander's term of office beyond December 31, 2022, which was resolved in November 2022, have been settled. The settlement has now also formally ended the dispute over the term of Dr. Hollander's Board of Trustees mandate. The parties have agreed not to disclose the details of the agreements reached. The Board of Management of the Neumüller CEWE Color Foundation and the other parties involved welcome the fact that an amicable solution has been found, which makes it possible to draw a line under the dispute and bring about a peaceful settlement. In this context, the Board of Management reiterates its thanks for Dr. Hollander's services to CEWE over the past decades.

Should you have any queries, please contact:
CEWE Stiftung & Co. KGaA, Axel Weber (Investor Relations)
Tel.: 0441 / 404 - 552, Fax: 0441 / 404 - 421, Email: IR@cewe.de

About CEWE

The CEWE Group is Europe's leading photo service and online printing supplier.

From its beginnings in 1912, CEWE has progressed to become the leading photo service company for all those wanting to make more of their photos. This is mainly due to the much-awarded CEWE PHOTOBOOK, with about six million books being sold each year. Customers can purchase other personalised photo products under the brand names of CEWE, Cheerz, DeinDesign, Pixum and WhiteWall – and from many leading retailers in Europe. They are inspired to produce a variety of creative designs from their personal photos in these brand environments, entrusting the company with more than 2 billion photos every year.

The CEWE Group has also set up a highly efficient production system for advertising prints and business prints for the online printing market. Every year billions of high-quality printed products are delivered reliably to their purchasers through the SAXOPRINT, LASERLINE and viaprinto sales platforms.

The CEWE Group, through the founder family of Neumüller as an anchor shareholder, focuses on sustainable corporate management and has already received many awards for this effort:  economically sustainable in the long term; cooperative and fair in dealings with customers, employees and suppliers; socially responsible and protective of the environment and resources.

The CEWE Group has a staff of 4,000 employees and operates in 21 countries. CEWE is listed on the SDAX. More information is available at company.cewe.de.