DGAP-News: HELLA GmbH & Co. KGaA: Extraordinary General Meeting resolves change of fiscal year

Lippstadt, 29 April 2022

Extraordinary General Meeting of HELLA GmbH & Co. KGaA resolves change of fiscal year

- Fiscal year rhythm to be harmonized with the calendar year as of 1 January 2023

- A one-off short fiscal year will be inserted from 1 June to 31 December 2022; the current fiscal year 2021/2022 will not be affected by the change and will end as planned on 31 May 2022

- Adjustment increases comparability with other companies as well as with macroeconomic and industry-specific key figures; reporting effort with Faurecia as the new majority shareholder is also reduced

HELLA GmbH & Co. KGaA today resolved at its Extraordinary General Meeting to change its fiscal year to the calendar year with effect from 1 January 2023. For this purpose, a transitional short fiscal year will be inserted from 1 June 2022 to 31 December 2022; the current fiscal year 2021/2022 (1 June 2021 to 31 May 2022) is therefore not affected by the changeover adopted today. The resolution proposed by the Management Board, the Shareholder Committee and the Supervisory Board was approved by the shareholders of the Company with a majority of 99.9 percent of the capital stock represented.

First, changing the fiscal year to the calendar year increases comparability with other companies as well as macroeconomic and industry-specific indicators, the majority of which are collected on the basis of the calendar year. Second, HELLA has been included in Faurecia's financial reporting as a fully consolidated subsidiary since the acquisition by Faurecia was successfully completed on 31 January 2022. This financial reporting already follows the rhythm of the calendar year. By also merging the fiscal year with the calendar year, HELLA is standardizing accounting dates and thus significantly reducing the reporting effort required.

Due to the ongoing Corona pandemic, the Extraordinary General Meeting was held as a purely virtual event without the physical presence of shareholders and shareholder representatives. At the time of the vote, around 84 percent of the voting capital was represented. Further information as well as the voting result on today's agenda item will be published on the HELLA homepage in the Investor Relations section.
Please note: This text and corresponding photo material can also be found in our press database at: www.hella.com/press

About HELLA

HELLA is a listed subsidiary of Faurecia. Together they operate under the overarching umbrella brand FORVIA. Within the factual group, HELLA stands for high-performance lighting technology and automotive electronics. At the same time, the company covers a broad service and product portfolio for the spare parts and workshop business as well as for manufacturers of special vehicles with its Business Group Lifecycle Solutions. HELLA has 36,000 employees at more than 125 locations worldwide and generated currency and portfolio-adjusted sales of € 6.5 billion in the fiscal year 2020/2021.

About FORVIA

FORVIA comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 300 industrial sites and 77 R&D centers, 150,000 people, including more than 35,000 engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of six Business Groups with 24 product lines, and a strong IP portfolio of over 14,000 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMS worldwide. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. www.forvia.com

For more information, please contact:

Dr. Markus Richter HELLA GmbH & Co. KGaA

Company spokesman Rixbecker Straße 75

Tel.: +49 (0)2941 38-7545 59552 Lippstadt / Germany

[email protected] www.hella.com