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Continental AG Investigating Spin-off of Powertrain Division with Listing

The Executive Board of Continental AG has decided to consider a spin-off of up to 100% of the Powertrain division with subsequent listing as an additional alternative to the potential partial IPO currently in preparation and to investigate its legal and technical feasibility. A decision regarding the actual implementation of a spin-off with subsequent listing will be taken by the Executive Board and the Supervisory Board after the conclusion of the investigation.