At its meeting on March 2, 2001 the Supervisory Board of ThyssenKrupp AG agreed on personnel changes on the Supervisory Board and Executive Board effective October 1, 2001 and announced in this context that it would decide on further Executive Board changes as soon as possible.

At its meeting today, the Chairman of the Supervisory Board, Dr. Heinz Kriwet, put forward a proposal on this basis which met with the unanimous approval of the Supervisory Board.

Prof. Dr. Ekkehard Schulz (59) has been reappointed as member of the Executive Board and Chairman of the Executive Board of ThyssenKrupp AG until February 28, 2005. From October 1, 2001 he will be sole Chairman of the Executive Board of ThyssenKrupp AG. At this time he will resign as chairman of the executive board of ThyssenKrupp Steel AG. His successor will be Dr. Ulrich Middelmann (56), currently responsible for Controlling and Mergers & Acquisitions on the parent company Executive Board. At the same time Middelmann has been appointed Vice Chairman of the Executive Board of ThyssenKrupp AG effective October 1, 2001.

By mutual agreement Dr. Wolfgang Kohler (57) will resign as vice chairman of the executive board of ThyssenKrupp Steel and chairman of the executive board of ThyssenKrupp Stahl effective September 30, 2001. He will however continue to hold seats on supervisory boards and other bodies of the ThyssenKrupp Group and will thus remain associated with the company. His successor as vice chairman of the executive board of ThyssenKrupp Steel and chairman of the executive board of ThyssenKrupp Stahl will be Dr. Karl-Ulrich Köhler (45), currently member of the executive board of Thyssen Krupp Stahl AG and responsible for Technology.

Dr. Gerhard Cromme (58) will take over from Dr. Heinz Kriwet as Chairman of the Supervisory Board of ThyssenKrupp AG on October 1, 2001. His successor as chairman of the executive board of ThyssenKrupp Automotive AG will be Dr. Jürgen Harnisch (58), currently vice chairman of the executive board of ThyssenKrupp Automotive. Dr. Harnisch has also been appointed as a member of the Executive Board of ThyssenKrupp AG effective October 1, 2001.

Dr. Hans-Erich Forster (60), Jürgen Rossberg (61) and Dr. Heinz-Gerd Stein (60) have agreed to have their term of appointment shortened by a year in each case (termination of the appointment of Dr. Forster effective December 31, 2002, that of Rossberg effective December 31, 2001 and that of Dr. Stein effective September 30, 2002). The Supervisory Board will adopt a resolution to this effect at its next meeting on November 9, 2001.

For the functions of Dr. Jooss (60) and Dr. Stein and for the function currently headed by Dr. Middelmann, two new Executive Board members will be appointed. Dr. Jooss and Dr. Stein will leave the Board - as soon as their successors are clarified - after an appropriate induction period. Telephone Fax E-Mail:

Further information can be obtained from:

ThyssenKrupp AG
- Attn: Dr. Jürgen Claassen, Corporate Communication
- Tel. +49 (211) 824-36002
- Fax. +49 (211) 824-36005
- Email.