Remuneration of the Boards

The remuneration of the members of the Board of Management conforms to the requirements of the German Stock Corporation Act as well as to the recommen­dations and, to a large extent, the suggestions set out in the German Corporate Governance Code. The remuneration system was most recently discussed by the Presidium of the Supervisory Board at its meeting on September 22, 2005; no changes were recommended to the Supervisory Board.

As at 31st December 2006