13th Annual General Meeting of ThyssenKrupp AG

Essen (ots) -

13th Annual General Meeting of ThyssenKrupp AG: Evolution into
diversified industrial group on track

Portfolio optimization running according to plan - solid earnings
contributions of Technologies units continuing in Q1 2011/2012

ThyssenKrupp is making good progress in implementing the strategic
development program launched in May 2011. Dr. Heinrich Hiesinger,
Chairman of the Executive Board of ThyssenKrupp AG, will report to
shareholders about progress so far at today's 13th Annual General
Meeting at the RuhrCongress in Bochum.

"In the long term we see ThyssenKrupp as a diversified industrial
group with several strong businesses in attractive growth markets.
This also means that we want to further reduce our dependence on
individual businesses and regions. In the future we will be focusing
on our technology businesses even more strongly than in the past.
Global trends such as population growth, urbanization and
globalization provide enormous growth opportunities, which we intend
to seize," Hiesinger will say according to his speech text.

Portfolio optimization running according to plan

To create the financial latitude necessary for investment in
growth, ThyssenKrupp's strategic development plans include an
extensive divestment program. The company is disposing of businesses
for which there are stronger alternative strategic options. With the
sale of the Metal Forming group and the Xervon group, two
transactions have already been completed. On December 11, 2011
ThyssenKrupp signed a sale and purchase agreement with UK-based Star
Capital Partners for the civil shipbuilding operations of
ThyssenKrupp Marine Systems. The approvals under the Foreign Trade
Act and the antitrust clearances have already been received.
ThyssenKrupp is therefore confident that the closing will take place
shortly. The disposal processes for Waupaca and Tailored Blanks are
also making progress. For Waupaca, ThyssenKrupp's US foundry
business, promising bids from potential buyers are currently being
evaluated. The integration of the chassis businesses has also
started. The combination of the Bilstein group with Presta Steering
will create a major chassis full-service provider with a global
presence and sales of around EUR 3 billion. A small part of this
group, the spring and stabilizer business, is also being sold. The
Brazilian Automotive Systems business has already been sold to Cosma
International, a subsidiary of the automotive supplier Magna.

The divestment of Inoxum, formerly Stainless Global, is also
proceeding according to plan. The new brand Inoxum has been launched.
The legal, organizational and contractual measures to carve out
Inoxum were completed on September 30, 2011. Inoxum is already
reported as a discontinued operation in the financial statements of
the ThyssenKrupp Group for 2010/2011. ThyssenKrupp is continuing to
examine all three options for the disposal of the unit: an IPO,
spin-off or sale. The Group is sticking to its timetable to complete
the disposal of the unit by the end of 2012.

Growth potential through investment in Technologies businesses

The aim of this portfolio optimization is to reduce ThyssenKrupp's
debt, improve its rating and in the medium term once again open up
more financial opportunities for investment. A further objective is
to significantly improve the Group's earnings power.

"In many areas we already lead the way with our engineering
expertise and offer intelligent product solutions with which we
profit from the big global trends such as population growth,
urbanization and globalization," says Dr. Heinrich Hiesinger. "Around
the world there is rising demand for consumer and capital goods,
infrastructure, energy and raw materials. But set against these
demands for "more" is the finite nature of our natural resources.
Global climate change and the ever increasing requirements for energy
and resource efficiency and environmental protection make clear that
the world doesn't just need "more", above all it needs "better"
solutions. With our engineering expertise we enable our customers to
meet this demand for "more" in "better" ways and so gain a
competitive edge." To fully leverage these growth opportunities,
ThyssenKrupp will be investing more strongly in its Technologies
businesses in the medium and long term, focusing on core businesses
in which the Group holds leading market positions.

Technologies units deliver dependable earnings contributions

The company's performance in the 2010/2011 fiscal year confirms
the chosen strategy: The Technologies businesses accounted for around
75 percent of the Group's earnings. But overall these positive
earnings contributions were unable to offset the loss at Steel
Americas and the effect of the impairment charges. As the start-up
difficulties at the new plants in Brazil and the USA have not yet
been fully solved, the situation at Steel Americas - as already
announced - is not expected to improve appreciably until the second
half of the fiscal year. In the medium and long term, however, Steel
Americas offers enormous value growth opportunities and great
prospects for ThyssenKrupp.

Outlook

As expected, the Materials and Technologies divisions showed a
mixed picture in the first quarter of 2011/2012, for which the Group
will be publishing figures on February 14, 2012. Steel Europe and
Material Services reported declining volumes and earnings
year-on-year. Steel Americas continued to make losses. On the other
hand, the Technologies businesses delivered dependably positive
earnings contributions. The Group continues to expect first-quarter
adjusted EBIT in 2011/2012 to be significantly lower than a year
earlier.

"It cannot be reliably predicted how the economy in Germany,
Europe and the world will develop in the coming months. Against this
background we are currently unable to provide a reliable forecast for
the 2011/2012 fiscal year. At ThyssenKrupp we are focusing on the
levers we can control ourselves and feel we are well on track with
our Strategic Way Forward," says Dr. Heinrich Hiesinger.

The Annual General Meeting can be viewed as a live stream via the
Internet, beginning at 10.00 a.m. (09.00 a.m. UK) at this link:

http://www.thyssenkrupp.com/en/investor/hauptversammlung.html

Contact:
Alexander Wilke
Corporate Communications
Telephone +49 (201) 844-536043
Fax +49 (201) 844-536041
E-mail: press@thyssenkrupp.com
www.thyssenkrupp.com