General: Supervisory Board member Ulrich M. Harnacke is a member of the Presidency of DSW, the local partner of ECGS. This report has been prepared using standard ECGS guidelines.
Item 5: PwC, Düsseldorf, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit fees. However, we note that PwC has audited the Company since at least the financial year 2008 (no earlier data available) which exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of PwC as auditor.