PRESS RELEASE

Limo appoints new managing director

LIMO management has a new look: With the expiration of his contract on December 31, 2014, Dr. Lutz Aschke has left the company after serving his full term as a Managing Director. Aschke's former areas of responsibility will now lie in the capable hands of some familiar faces. Current Managing Director Dr. Paul Harten will be joined by Anton X. Schmölz, who was appointed as a Managing Director effective January 1, 2015. Schmölz has been with the company as Chief Financial Officer since November 2013 and will now oversee LIMO's Production and Finance segments. Dr. Paul Harten, part of LIMO management since 2002, will continue to head Sales, Marketing, IT, and Project and Quality Management, and is now also in charge of Research & Development. Company founder and president Dr. Vitalij Lissotschenko wishes to extend his gratitude to Dr. Aschke for over a decade of valuable service to the organization and is looking forward to working with the new management duo at the LIMO Group.