DGAP-Stimmrechtsanteile: SHW AG

DGAP-PVR: SHW AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

SHW AG

18.04.2016 16:45

Dissemination of a Voting Rights Announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------

Notification of Major Holdings

1. Details of issuer

SHW AG Wilhelmstrasse 67 73433 Aalen-Wasseralfingen Germany

2. Reason for notification

X Acquisition/disposal of shares with voting rights Acquisition/disposal of instruments Change of breakdown of voting rights Other reason:

3. Details of person subject to the notification obligation

Name: City and country of registered office: Schroders plc London United Kingdom

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.



5. Date on which threshold was crossed or reached

13 Apr 2016

6. Total positions

% of voting % of voting rights total of total number rights attached through instruments both in % of voting to shares (total (total of 7.b.1 + (7.a. + rights of of 7.a.) 7.b.2) 7.b.) issuer Result- 2.95 % 0.00 % 2.95 % 6,436,209 ing situat- ion Previo- 3.03 % 0.00 % 3.03 % / us notifi- cation

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec.s 21, 22 WpHG)

ISIN absolute in % direct (Sec. indirect (Sec. direct (Sec. indirect 21 WpHG) 22 WpHG) 21 WpHG) (Sec. 22 WpHG) DE000A1JBPV9 0 190,157 0.00 % 2.95 % Total 190,157 2.95 %

b.1. Instruments according to Sec. 25 para. 1 No. 1 WpHG

Type of Expiration or Exercise or Voting Voting instrument maturity date conversion rights rights in period absolute % % Total %

b.2. Instruments according to Sec. 25 para. 1 No. 2 WpHG

Type of Expiration Exercise or Cash or Voting Voting instrume- or maturity conversion physical rights rights nt date period settlement absolute in % % Total %

8. Information in relation to the person subject to the notification obligation

Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.). X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting % of voting rights Total of both rights (if at through instruments (if at least least held 3% (if at least held 5% held 5% or or more) or more) more) Schroders plc % % % Schroder % % % Administration Limited Schroder % % % Investment Management Limited Schroder % % % Investment Management North America Limited Schroders plc % % % Schroder % % % Administration Limited Schroder % % % International Holdings Limited Schroder US % % % Holdings Inc. Schroder % % % Investment Management North America Inc. Schroders plc % % % Schroder % % % Administration Limited Schroder % % % Financial Services Limited Schroder Unit % % % Trusts Limited

9. In case of proxy voting according to Sec. 22 para. 3 WpHG

Date of general meeting: Holding position after general meeting: % (equals voting rights)

18.04.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: SHW AG Wilhelmstrasse 67 73433 Aalen-Wasseralfingen Germany Internet: www.shw.de End of Announcement DGAP News-Service ---------------------------------------------------------------------------