Change in the Board of Directors of Hilti Corporation

Schaan (FL), November 2, 2016 – Calvin Grieder has decided to resign from the Board of Directors of Hilti Corporation as of December 31, 2016.

The rationale for Mr. Grieder’s decision is the heavier workload involved in his new role as Chairman of the Board of Givaudan SA, the Swiss-based manufacturer of flavor and fragrances. Mr. Grieder is also Chairman of the Board of Directors of Bühler Group and member of the Board of Directors of Implenia AG.

The Board of Directors and the Executive Board of Hilti Corporation wish to thank Mr. Grieder for his contributions and inputs in view of the company’s development. Mr. Grieder has served as a member of the Board of Directors since April 2016.