Summary：Munich, June 08, 2018Knorr-Bremse AG issues additional corporate bond§ Volume: EUR 750 million§ Fixed coup

Munich, June 08, 2018
Knorr-Bremse AG issues additional corporate bond
§  Volume: EUR 750 million
§  Fixed coupon rate 1.125 percent p. a. over seven-year term
§  Revenue will serve to finance growth and improve capital structure
§  Listing on Luxembourg Stock Exchange’s EURO MTF market
Knorr-Bremse AG, the leading global manufacturer of braking systems and supplier
of additional sub-systems for rail and commercial vehicles, is issuing an additional
corporate bond following its 2016 bond issue, this time with a volume of EUR 750
million. The bond has a fixed coupon rate of 1.125 percent p. a. and a seven-year
term.
The subscription period began on June 7, 2018. In just under three hours, the bond was
already round about three times oversubscribed. The order book was filled by 155 inves-
tors, reaching a total volume of more than EUR 2 billion.
Ralph Heuwing, CFO of Knorr-Bremse, says: “By issuing this corporate bond, we gain more
flexibility – we can use the additional liquid assets to take advantage of growth opportuni-
ties. At the same time, we are optimizing our capital structure.”
The new corporate bond has received an ‘A2’ rating from Moody’s. Issued in denominations
of EUR 1,000, the bond is designed to attract both private and institutional investors. The
bond issue is underwritten by Deutsche Bank, HSBC and Bayern LB as joint bookrunners.
In 2016, Knorr-Bremse issued a corporate bond with a volume of EUR 500 million. That
bond has a fixed coupon rate of 0.50 percent p. a. and a five-year term.
About the bond
Issuer: Knorr-Bremse AG
Issuer ratings: A2/outlook stable (Moody’s), A/outlook stable (Standard & Poor’s)
Volume:  EUR 750 million
Term: 7 years
Settlement:  June 14, 2018
Maturity:  June 13, 2025
Coupon:  1.125% p. a.
Reoffer Yield: 1.188% p. a.
Listing:  EURO MTF Luxembourg
Denomination: EUR 1,000
Applicable law: German law
Bookrunners: Deutsche Bank, HSBC and Bayern LB
Caption: CFO Ralph Heuwing on the Knorr-Bremse bond: “By issuing this corporate bond, we gain
more latitude – we can use the additional liquid assets to take advantage of growth opportunities. At
the same time, we are optimizing our capital structure.” | © Knorr-Bremse

Knorr-Bremse Group
IMPORTANT NOTE:
This information constitutes neither an offer to purchase or subscribe for securities of Knorr-Bremse
AG nor an invitation to submit an offer for the acquisition of securities. The purchase of or subscrip-
tion for bearer bonds of Knorr-Bremse AG can only be based on the Prospectus approved by CSSF
and notified to the German Financial Supervisory Authority. The Prospectus of the Debt Issuance
Program which also applies to the bond can be obtained from the website of the Luxembourg Stock
Exchange.
Knorr-Bremse is the leading manufacturer of braking systems and supplier of additional sub-systems
for rail and commercial vehicles, with sales totaling over EUR 6 billion in 2017. In more than 30 coun-
tries, some 28,000 employees develop, manufacture, and service braking, entrance, control, and
energy supply systems, HVAC and driver assistance systems, as well as steering systems, and
powertrain and transmission control solutions. As a technology leader, through its products the com-
pany has been making a decisive contribution to greater safety by road and rail since 1905.
Contact:
Alexandra Bufe Knorr-Bremse AG
Head of Corporate Communications Moosacher Straße 80
Phone: +49 (0)89 3547 1402  D-80809 Munich
E-mail: alexandra.bufe@knorr-bremse.com www.knorr-bremse.com
Kai Gloystein
Head of Corporate Treasury
Phone: +49 (0)89 3547 2248
E-mail: Kai.Gloystein@knorr-bremse.com