Corporate Governance Statement 2006

Statement
The Managing Board, Supervisory Board and executives at SINGULUS TECHNOLOGIES endorse the principles of corporate transparency, accountability and control which serve to preserve and strengthen the confidence of shareholders, employees, business partners and the public in general.

SINGULUS TECHNOLOGIES AG – Declaration in Accordance with § 161 AktG
The Federal Department of Justice published an amendment of the German Corporate Governance Code in 2005. During the current business year 2006 the SINGULUS TECHNOLOGIES AG will adhere to the recommendations of the German Corporate Governance Code as amended by the Federal Department of Justice as per June 2, 2005. During the previous business year 2005 the recommendations of the German Corporate Governance Code as amended by the Federal Department of Justice as of May 21, 2003 were adhered to. This excluded – for the business year 2005 as well as for the business year 2006 – the following recommendations:

  1. In connection with the conclusion of a personal liability insurance for the member of the Boards (D&O insurance) the company agreed with them that the members of the Boards will pay their own insurance premiums for the D&O insurance (c. Sec. 3.8 Para 2 of the Code).
  2. Instead of the determination of the maximum age of a member of the Executive Boards according to the by-laws, the by-laws of the Supervisory Board state that the age limit has to be considered for the succession planning (c. Sec. 5.1.2 Para. 2 of the Code).
  3. As long as the Supervisory Boards is only comprised of three members, there have not been and there will be no committees (c. Sec. 5.3.1 and 5.3.2 of the Code).
  4. Instead of the determination of the maximum age of a member of the Supervisory Board according to the by-laws, the by-laws of the Supervisory Board state that the age limit has to be considered for the proposal of new members to be elected (c. Sec. 5.4.1 of the Code).
Kahl, January 2006
SINGULUS TECHNOLOGIES AG


Alexander von EngelhardtWilliam SleeThomas Geitner
Roland LacherStefan A. BaustertKlaus Hammen
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