Graphic Ad-hoc

Ad hoc: Change Rating Moody's

Moody’s Investors Service informed us today that it has downgraded to Ba1 from Baa3 the senior unsecured long term ratings and to No Prime from Prime-3 the short term ratings of Continental AG and its subsidiaries. At the same time Moody’s assigned a Ba1 Corporate Family Rating. This concludes according to Moody’s the review of the grading for Continental.. The outlook on the ratings is negative.