Neways Witnessed Year of Transition in 2015; Revenue Up 21%

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On 16 April 2015, the term of Mr. Dick Boers as chairman and member of the Supervisory Board expired. Mr. Peter van Bommel has succeeded Mr. Boers as member of the Supervisory Board. Mr Van Bommel is CFO and a member of the Management Board of ASMI.

He is also a member of the Supervisory Board of KPN and a non-executive director of ASM-PT (Hong Kong). Mr. Van Bommel has previously held CFO positions at companies such as NXP and at various divisions within Philips.

In the new composition, Mr. Henk Scheepers has been appointed as chairman of the Supervisory Board and Mr. René Penning de Vries as the vice-chairman. Mr Scheepers’ first four-year term will expire this year, and according to the schedule he can be reappointed during the AGM on 12 April 2016 for a second term of four years. Mr. Scheepers has made himself available for reappointment.

Composition of the Board of Directors

As per 1 January 2015, Mr. Adrie van Bragt was appointed as COO and member of the Neways Board of Directors. Mr. Van Bragt has worked at Neways since 1992 and as COO is responsible for operational matters. As per 1 April 2015, Mr. Paul de Koning was appointed as member of the Board of Directors and CFO of Neways. Mr. De Koning was until recently the CFO at Scheuten Glas and succeeds Mr. Vincent de Bok, who stepped down from the Board of Directors at his own request. As CEO, Mr. Huub van der Vrande will continue to be responsible for the general management of the company and commercial matters.

Outlook

Neways has to deal with the relatively high volatility typical of the EMS market. This therefore makes it difficult to give concrete forecasts for the short and medium term. The structural long-term outlook for the EMS market is largely positive for specialist companies like Neways, which can differentiate themselves in terms of quality, flexibility and added value.

Neways started the year 2016 with a strong order book. The financial basis for this year is healthy and offers room for investments and continued growth.

About Neways

Neways Electronics International N.V. (Neways) is an international company active in the EMS (Electronic Manufacturing Services) market. Neways offers its clients custom-made solutions for the complete product life cycle (from product development to after-sales service) of both electronic components and complete (box-built) electronic control systems. Neways operates in a niche of the EMS market and focuses primarily on small to medium-sized specialist series, in which quality, flexibility and time-to-market play a crucial role. Neways products are used in sectors such as the semi-conductor, medical, automotive, telecom and defence industries. Neways has operating companies in the Netherlands, Germany, the Czech Republic, Slovakia and China, with a total of 2,530 employees at year-end 2015. Neways recorded net turnover of € 374 million in 2015. Neways shares are listed on the Euronext Amsterdam stock exchange (symbol: NEWAY).

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