Leoni holds dividend steady at EUR 1.50

All AGM draft resolutions adopted by shareholder majorities

Nuremberg – Leoni, the leading provider of cables and cable systems to the automotive sector and other industries, kept its dividend unchanged. Accordingly, shareholders will again receive EUR 1.50 per share for fiscal 2012, as decided at the Company's Annual General Meeting today.

The shareholders voted in favour of the Management Board’s and Supervisory Board’s proposal to once again pay out about one third of consolidated net income to shareholders as their profit share. With a figure of EUR 156 million, net income was exactly the same as in the previous year.

As expected, the shareholders ratified the actions of the members of the Management Board and the Supervisory Board, with majorities also voting in favour of all other draft resolutions. They voted in favour, for instance, of the amendment to the model for compensating members of the Supervisory Board, which provides for discontinuation of the performance-related variable component. Leoni is thereby following the German Corporate Governance Code, which no longer recommends such a component.

Approximately 800 shareholders, shareholder representatives and guests attended the Annual General Meeting held at Nürnberger Messezentrum, Nuremberg's trade fair centre.

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