Market Overview

Osram Initiates Sale of Its Luminaires Business (LS)

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- Osram continues to focus on high-growth future markets

The management board of Osram has decided to divest its luminaires
business. "Thanks to numerous measures, the earnings position of the
Lighting Solutions business unit has stabilized significantly, therefore
allowing us to initiate an organized sales process. This will result in
a more strategic focus with regards to applications with high growth
potential," said Olaf Berlien, CEO of OSRAM Licht AG. Talks will be held
with interested parties for the luminaires business. The management
board will provide an update on the progress of strategic plans for the
company at the Capital Markets Day in November.

As part of its strategic realignment, Osram is refining its positioning
with an increased focus on the growth markets in high-tech fields. The
financial figures of the Lighting Solutions (LS) business unit, combined
with the contribution of the Digital Systems business unit, are captured
within the Lighting Solutions & Systems (LSS) reporting segment. The
largest LS location is Traunreut, Germany, where luminaires for
industrial and commercial sites and street and stadium lighting, for
example, are produced.

ABOUT OSRAM
OSRAM, based in Munich, is a leading global
high-tech company with a history dating back more than 110 years.
Primarily focused on semiconductor-based technologies, our products are
used in highly diverse applications ranging from virtual reality to
autonomous driving and from smartphones to networked, intelligent
lighting solutions in buildings and cities. OSRAM utilizes the infinite
possibilities of light to improve the quality of life for individuals
and communities. OSRAM's innovations will enable people all over the
world not only to see better, but also to communicate, travel, work, and
live better. As of the end of fiscal year 2017 (September 30), OSRAM had
approximately 26,400 employees worldwide. It generated revenue of more
than €4.1 billion in fiscal year 2017. The company is listed on the
stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN:
LED400; trading symbol: OSR). Additional information can be found at www.osram.com.

Disclaimer
This document contains forward-looking statements
and information, i.e. statements about events that lie in the future
rather than the past. These forward-looking statements can be identified
by words such as 'expect', 'want', 'anticipate', 'intend', 'plan',
'believe', 'seek', 'estimate', 'will', and 'predict'. Such statements
are based on current expectations and certain assumptions made by
OSRAM's management, so they are subject to various risks and
uncertainties. A wide range of factors, many of which are beyond OSRAM's
control, have an influence on the business activities, success, business
strategy, and results of OSRAM. These factors may cause the actual
results, success, and performance of OSRAM to differ significantly from
those expressly or implicitly communicated in the forward-looking
statements or from those that are expected on the basis of past trends.
In particular, these factors include, but are not limited to, the
circumstances described in the report on risks and opportunities
contained in the annual report of the OSRAM Licht Group. If one or more
of these risks or uncertainties materializes, or should the underlying
assumptions prove incorrect, the actual results, performance, and
success of OSRAM may differ significantly from those described in
forward-looking statements as being expected, anticipated, intended,
planned, believed, sought, estimated, or projected. OSRAM assumes no
obligation, nor does it intend, to update these forward-looking
statements above and beyond the legal requirements or to adjust them in
light of unexpected developments. Due to rounding, numbers presented in
this and other reports may not add up precisely to the totals provided
and percentages may not precisely reflect the absolute figures to which
they relate.

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