Report
Expert Corporate Governance Service (ECGS)
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Evotec - AGM 19 June 2019

General: Evotec was founded 1993 in Hamburg, Today, the Company is a publicly listed drug discovery and development company that operates globally, largely through external alliances with pharmaceutical and biotechnology companies, academic institutions, patient advocacy groups, and venture capitalists.

As of 3 April 2019, Novo Holdings A/S held between 10% and 15%, ROI Verwaltungsgesellschaft mbH/Roland Oetker, and The Goldman Sachs Group, Inc. each held between 5% and 10%, and Allianz Global Investors GmbH and DWS Investment GmbH each held between 3% and 5% of the Company's shares.

Note that Roland Oetker is Honorary President of DSW, the local partner of ECGS. This report has been prepared using standard ECGS guidelines.

Items 5.2 and 5.6: We recommend to oppose the re-election of Prof. Dr. Iris Löw-Friedrich and Dr. Elaine Sullivan to the Supervisory Board due to concerns over aggregate time commitments.

Item 8: We recommend to oppose the revised remuneration system for the Management Board due to concerns over the potential maximum level of remuneration that may be granted to Management Board members

Underlying
Evotec

Evotec is a holding company engaged as a drug discovery solutions company providing drug discovery capabilities to pharmaceutical and biotechnology companies as well as to academic institutions. These drug discovery solutions are provided in form of fee-for service work, integrated drug discovery alliances, development partnerships, licensing of drug candidates and consulting arrangements. Co. is primarily involved in the areas of neuroscience, pain, metabolic diseases, oncology and inflammation. Co. provides its drug discovery activities under the banners of EVT Execute, EVT Integrate and EVT Innovate. Co.'s operations are divided into two segments: EVT Execute and EVT Innovate.

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Proxinvest
Proxinvest

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