Components, amount, and structure of Supervisory Board remuneration

According to the provisions defined in the Articles of Incorporation, each member of the Supervisory Board receives fixed annual basic remuneration in the amount of EUR 70,000. The Chairman of the Supervisory Board and the Deputy Chairman receive increased basic remuneration for the increased organizational and administrative efforts associated with their activities and for their responsibility for the successful, efficient collaboration of the overall Board. The increase amounts to EUR 70,000 for the Chairman and EUR 35,000 for the Deputy Chairman.

Additional compensation is paid for membership of committees of the Supervisory Board in light of the importance of committee work and the increased preparation and work required. The amounts differ between individual committees. Accordingly, the Chairman of the Audit Committee receives EUR 80,000, each other member of the Audit committee receives EUR 40,000, the Chairman of the General Committee receives EUR 70,000, each other member of the General Committee receives EUR 30,000, the Chairman of the Nomination Committee receives EUR 25,000, and each other member of the Nomination Committee receives EUR 12,500. For all other committees with the exception of the Mediation Committee, the respective committee chairman receives EUR 40,000 and each other committee member receives EUR 25,000. Chairpersonship and membership of the Mediation Committee are not remunerated.

To take proper account of the time required by meeting attendance in Supervisory Board remuneration, members of the Supervisory Board also receive an attendance fee of EUR 1,000 for each meeting of the Supervisory Board and its committees that they attend.

The remuneration and the attendance fee shall fall due at the end of the shareholders’ meeting to which the consolidated financial statements for the financial year in question are presented or which decides on its approval.

In the interest of the Company, the Supervisory Board members are covered by a directors and officers (D&O) liability insurance policy. The Company shall pay the premiums.

The Company shall reimburse all Supervisory Board members for their expenses and for the value-added tax on their remuneration. The Company shall also support the members of the Supervisory Board, within reason, with their induction and with further education and training measures.