Spin-off from Daimler AG

Martin Schrüfer,

Daimler Truck launched as an independent company on the stock exchange

The Board of Management of Daimler Truck Holding AG (from left to right): Jochen Götz, Karin Rådström, Marton Daum, John O'Leary, Jürgen Hartwig, Stephan Unger, Andreas Gorbach and Karl Deppen. © Daimler Truck Holding

The first day of trading on the Frankfurt Stock Exchange (December 10) marks the start of a new era for Daimler Truck.

Following the spin-off from Daimler AG, today's initial listing symbolizes the start of Daimler Truck's unrestricted entrepreneurial independence. This is probably the most important milestone in the company's history. In future, investors will have the opportunity to invest directly in the shares of one of the world's largest commercial vehicle manufacturers. Daimler Truck believes it is well positioned for the new era of independence. In preparation for the IPO, the company has specified its financial ambitions to increase the performance and profitability of the segments. Daimler Truck is consistently and continuously focusing on improving profitability in order to lead the industry on the path to CO2-neutral transportation. Due to its proven cash generation and strong balance sheet, Daimler Truck has received solid investment grade credit ratings. Daimler Truck expects its shares to be included in the expanded 40-member DAX index on the regulated market of the Frankfurt Stock Exchange at the earliest possible date, probably in the first quarter of 2022.

"Today is a historic day for Daimler Truck: for 125 years, our truck and bus business was part of the Daimler Group - now we are becoming an independent, listed company. Making this organizationally possible was a tour de force. I would therefore like to thank our entire team for their unprecedented commitment over the past weeks and months. In this respect, today is a finish line that we have been working hard towards. And yet this December 10, 2021 is above all the exact opposite, namely a starting line. Because now is the real start for Daimler Truck. We are now looking ahead with courage and confidence. We are now looking forward to taking advantage of the opportunities we have as an independent company with our great global team - for even more entrepreneurial success in the future. Everyone should benefit from this - our employees, our customers and, of course, our shareholders," said Martin Daum, Chairman of the Board of Management of Daimler Truck Holding AG in the trading hall in Frankfurt.

Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG, said: "Today marks the beginning of a new era for us. We are fully focused on building the most desirable cars in the world and taking the lead in e-mobility and vehicle software. At the same time, the listing of Daimler Truck turns one success story into two. The historic realignment into two "pure-play" companies should unleash the full potential of both companies and create decisive added value for all sides. We wish Daimler Truck a successful future and look forward with confidence to the beginning of a new era."

Jochen Goetz, CFO of Daimler Truck Holding AG, said: "Daimler Truck is also financially in a very good starting position for our entrepreneurial independence. Our balance sheet is rock solid and we have already proven in the past how reliably we can generate an attractive cash flow. We are now putting all our energy into fully exploiting our earnings potential and driving forward the transformation to emission-free transportation in a focused manner. We want to create sustainable value for our investors in particular."

Daimler Truck shares are traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the ticker symbol DTG. The International Securities Identification Number (ISIN) is DE000DTR0CK8, the German Securities Identification Number (WKN) is DTR0CK.

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