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Provisions of the Articles of Association governing profit appropriation

The Executive Board does not consider it necessary to add profit to the reserves pursuant to Article 39, paragraph 2, of the Articles of Association. As a result, the profit is at the free disposal of the General Meeting of Shareholders.

The company may make distributions to shareholders and other persons entitled to receive part of the distributable profit only insofar as its equity exceeds the total issued share capital plus the reserves that must be maintained by law.