Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 PSI Software AG: Change in the Executive Board

Berlin, May 15, 2023 – The Supervisory Board appointed Mr. Dipl.-Ing. Robert Klaffus (43) as an additional member of the Executive Board for a period of five years and plans to permanently expand the Board of Management to three members. Robert Klaffus will take up his position in the second half of the year and, after a familiarization and transition period, is expected to take over as Chief Executive Officer from Dr. Harald Schrimpf (58), who will then step down prematurely after more than 20 years at the head of the Company.

With this step, the Supervisory Board is initiating the generation change on the Executive Board of PSI and supporting the further growth of PSI by expanding the Executive Board.

Robert Klaffus has worked for the Siemens-Group since 2005, most recently as Senior Vice President Operations in the Electrification division.