▪  Appreciation of first-rate quality and service

Munich, 24 July 2020 – Knorr-Bremse, the world market leader in braking and othersystems for rail and commercial vehicles, yesterday officially received the "BestBrand" award in the brakes category from ETM publishing house. Knorr-Bremse hasnow won the ETM Award for the 15th consecutive time, also reaching a new recordthis year by garnering over 70% of the votes.

Once more in 2020, EuroTransportMedia publishing house (ETM) asked the readers of themost widely read commercial vehicle magazines in Germany – "trans aktuell", "lastautoomnibus" and "Fernfahrer" – to vote for the best brands in the industry in its readers' poll.Knorr-Bremse was voted "Best Brand 2020" in the brakes category by the trade readershipof its three commercial vehicle magazines. As well as an indicator of brand image, thisaccolade is regarded as a seal of quality for the safety and reliability of the winning brandsand products.

Dr. Peter Laier, Member of the Executive Board of Knorr-Bremse AG and responsible for theCommercial Vehicle Systems division, comments: "Winning the 'Best Brand' award onceagain underscores our technology leadership in the market segments we serve. With ourinnovations we make a vital contribution to the industry trends of traffic safety, emissionsreduction and e-mobility, connectivity and automated driving. Knorr-Bremse, with its solutionsand systems expertise and global presence, plays a key role in ensuring that state-of-the-artcommercial vehicle technologies and products find their way into every region of the world."

Bernd Spies, Chairman of the Management Board of Knorr-Bremse Commercial VehicleSystems, says: "Our special thanks go to our customers for appreciating our quality andservice and showing their trust in us, especially in the challenging times of the Covid-19 crisis.We have been working with many of our customers for years, even decades, and we continueto develop our products and services in close cooperation with them. The ETM Award showshow closely we are in touch with the needs and wishes of our customers. The way we worktogether reflects our motto: 'Shaping tomorrow's transportation. Together.'"

The award ceremony of Germany's largest readers' poll for commercial vehicles was heldonline for the first time, as the in-person event originally planned for 18 June 2020 could notbe held due to the restrictions imposed following the Covid-19 pandemic. In a virtual awardceremony, ETM and DEKRA announced the winners of the renowned ETM Awards on23 July 2020.

Image caption: For the fifteenth time in a row, Knorr-Bremse received the "Best Brand" award in thebrakes category from ETM publishing house. From left to right: Dr. Peter Laier, Member of theExecutive Board of Knorr-Bremse AG and responsible for the Commercial Vehicle Systems division,Bernd Spies, Chairman of the Management Board of Knorr-Bremse Commercial Vehicle Systems, Dr.Jürgen Steinberger and Wolfgang Krinner, Members of the Management Board of Knorr-BremseCommercial Vehicle Systems | ? Knorr-Bremse

About Knorr-Bremse
Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX) is the global market leader for brakingsystems and a leading supplier of other safety-critical rail and commercial vehicle subsystems. Knorr-Bremse’s products make a decisive contribution to greater safety and energy efficiency on rail tracksand roads around the world. About 29,000 employees at over 100 sites in more than 30 countries usetheir competence and motivation to satisfy customers worldwide with products and services. In 2019,Knorr-Bremse’s two divisions together generated revenues of EUR 6.9 billion (IFRS). For more than115 years the company has been the industry innovator, driving innovation in mobility andtransportation technologies with an edge in connected system solutions. Knorr-Bremse is one ofGermany’s most successful industrial companies and profits from the key global megatrends:urbanization, sustainability, digitization and mobility.