• Extraordinary General Meeting on the historic realignment of Daimler AG
• Initial listing of Daimler Truck Holding AG anticipated by end of 2021
• Daimler AG to focus on cars and vans in the luxury and premium segment
• Renaming of Daimler AG as Mercedes-Benz Group AG planned for February 2022

Stuttgart (Germany) – At the virtual Extraordinary General Meeting this Friday, Daimler AG (ticker symbol DAI) is setting the course for a historic realignment of the company. The planned spin-off of Daimler Truck by the end of 2021 will make the success story of Daimler AG into two: with the intended listing of Daimler Truck Holding AG on the Frankfurt Stock Exchange, shareholders will hold shares of the global market leader in the commercial vehicle business in addition to their shares in Daimler AG. Also on the agenda for the shareholders’ approval is the renaming of Daimler AG as Mercedes-Benz Group AG effective 1 February 2022, emphasizing the future focus on the car and van business with the brands Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach and Mercedes-EQ.

Bernd Pischetsrieder, Chairman of the Supervisory Board of Daimler AG: “Our company is making the right decision at the right time to sustainably safeguard success. Daimler Truck and Mercedes-Benz will be able to master the transformation of the industry even more successfully with full entrepreneurial freedom and an independent management structure. By spinning off the commercial vehicle business, we aim to create value for our shareholders, increase our profitability and fully exploit our potential.”

Ola Källenius, Chairman of the Boards of Management of Daimler AG and Mercedes-Benz AG: “Daimler is splitting into two strong and independent companies. With this decisive realignment into pure-play entities, we aim to create value for all stakeholders. Now is the right time to take this step: self-determined and from a position of strength. By unlocking the full potential of both companies, we are establishing two undisputed innovation leaders who will set the pace in the transformation of their industries.”

Martin Daum, Chairman of the Board of Management of Daimler Truck AG and designated Chairman of the Board of Management of Daimler Truck Holding AG: “As a technologically leading manufacturer of trucks and buses, we will do everything we can around the world to offer our customers the best products, our shareholders an attractive return on their investment, and our employees sustainable jobs. That’s why we are accelerating the development of battery and fuel-cell vehicles in all segments along the way to emission-free transport. As an independent company, we will be able to make even greater use of our growth opportunities and further increase our financial success.”

Michael Brecht, Deputy Chairman of the Supervisory Board and Chairman of the General Works Council of Daimler AG: “The employees are the most valuable asset of both companies. Our colleagues make financial success possible. As labour representatives, we will continue ensuring that employee interests are strongly represented. A strong sign of this is the willingness to invest and safeguard our plants so that we can concentrate on our work in a focused manner and without worrying about losing jobs. We have achieved this, and we look with confidence to a future that will now give us even more opportunities.”

Two companies’ shares in the DAX

As a result of the realignment of Daimler AG and the planned spin-off of Daimler Truck by the end of this year, the shareholders will hold a 65% stake in the new Daimler Truck Holding AG, which will then be listed on the stock exchange as an independent company. As consideration for the spin-off Daimler shareholders are to receive one additional share in Daimler Truck Holding AG for every two shares they hold in Daimler AG. Daimler will retain a minority interest of 35% in Daimler Truck Holding AG and plans to transfer 5% to Daimler Pension
Trust e.V., a registered association according to German law.

Daimler assumes that the share of Daimler Truck Holding AG – after the listing in the Prime Standard of the Frankfurt Stock Exchange – will be included in the enlarged DAX share index with 40 members at the first possible date, probably in the first quarter of 2022. The shares of Daimler AG will also continue to fulfil the criteria for Germany’s most important share index.

See www.daimler.com/focus/ for additional information.