Remuneration Systems and Report
            

                Remuneration Report
            

The Remuneration Report is prepared in accordance with the recommendations of the German Corporate Governance Code from February 7, 2017 (hereinafter referred to as GCGC) and the provisions of the German financial reporting standard in its revised 2017 version no. 17 (DRS 17). It contains the information required and / or recommended by the German Commercial Code (HGB), the GCGC and the International Financial Reporting Standards (IFRS). The Remuneration Report is part of the Group Management Report and provides details on the compensation system for the Management and Supervisory Boards as well as the amounts and structure of their compensation.

As required by the new GCGC, remuneration of Board members is presented as individual members’ total amounts, broken down into non-performance-based components and one-year and multi-year performance-based components with longterm share-based incentive components. Furthermore, as recommended by the GCGC, the allocation of different compensation components is shown for the year under review.

                Management Board Remuneration System
            

The current Management Board remuneration system has been in effect since the 2021 financial year. It was resolved by the Supervisory Board, taking into account the requirements of Section 87a I AktG and the Corporate Governance Code, and approved by the Annual General Meeting on May 12, 2021 under agenda item 6 with a majority of 94.83% of the applicable votes.

A full description of the remuneration system can be found in the invitation, agenda and information on attending the Annual General Meeting under agenda item 6 “Resolution on the approval of the remuneration system for members of the Management Board”.

The corresponding voting results of the Annual General Meeting on May 12, 2021 can be found here.

                Supervisory Board Remuneration System
            

In accordance with Section 113 (3) AktG and Section 14 of the Articles of Association, the Annual General Meeting on May 12, 2021 passed a resolution on the remuneration of the members of the Supervisory Board. The system presented to the Annual General Meeting, on which the remuneration of the members of the Supervisory Board is based, was approved with a majority of 99.91% of the valid votes.

The system adopted can be found in the invitation, agenda and information on attending the Annual General Meeting under agenda item 7 "Resolution on the determination of the remuneration for members of the Supervisory Board in accordance with Section 14 of the Articles of Association".

The corresponding voting results of the Annual General Meeting on May 12, 2021 can be found here.

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