Renumeration Report

Overall Management Board compensation comprises a number of components. These include a fixed salary, a performance-based bonus, in two cases, a long-term incentive component, the normal fringe benefits and contributions towards pensions and surviving dependents’ pensions. Members of the Supervisory Board receive fixed compensation and attendance fees as well as being reimbursed for their expenses. For more details, including the compensation received by each member of the Management and Supervisory Boards, please see the Remuneration Report in the Corporate Governance section of this report. The Remuneration Report of this report forms an integral part of the Management Report.