init innovation in traffic systems AG announced that after 13 very successful years of service the Chairman of the Supervisory Board Prof. Dr. Günter Girnau is retiring from his position on June 30, 2014 of his own volition. Dipl. Ing.

Ulrich Sieg, until 30 June 2014 a member of the Managing Board of Hamburger Hochbahn AG, will become a member of the Supervisory Board of init innovation in traffic systems AG on 1 July 2014 subject to appointment by the Annual General Meeting.