Dr. Jürgen Olbrich (50) has been appointed Chairman of the Management Board of ThyssenKrupp VDM GmbH, Werdohl, effective September 1, 2005. The other members of the Management Board are Burkhard Becker (45), Ulrich-W. Leggewie (60) and Dr. Franz-Josef Wahles (52).

Until June 30, 2005, Dr. Olbrich was Chairman of the Management Board of Edelstahl Witten-Krefeld GmbH. As part of ThyssenKrupp Steel AG?s focus on the flat steel business, EWK was acquired by Swiss Steel AG, Emmenbrücke/Switzerland, which is part of the Düsseldorf-based Schmolz + Bickenbach group, at October 1, 2004.

This press release is also available on the internet at: www.thyssenkrupp-steel.de