Statement 2010

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.

Declaration of conformity of the SINGULUS TECHNOLOGIES AG to the Corporate Governance Code pursuant to Art. 161 Stock Corporation Act (AktG):

The Executive and Supervisory Boards of the SINGULUS TECHNOLOGIES AG declare pursuant to Art. 161 AktG:

The Federal Department of Justice published an amendment of the German Corporate Governance Code in 2009. During the current business year 2010 the SINGULUS TECHNOLOGIES AG will adhere to the recommendations of the German Corporate Governance Code as per June 18, 2009. The recommendations of the German Corporate Governance Code as per June 6, 2008 and June 18, 2009 were adhered to during the past business year 2009. This excludes the following recommendations for the business years 2009 and 2010 listed under items 1-5:

  1. regarding Art. 3.8 Para. 2 of the Code
    In connection with the conclusion of a liability insurance the company has not agreed a deductible with the members of its Boards (“D&O insurance”). However, the company agreed with the members of the Board that they pay the respective insurance premiums for the D&O insurance themselves. Accordingly the members of the Executive and Supervisory Boards are economically treated as if the company had not concluded a D&O insurance but they themselves. A D&O insurance paid by a member of the Boards does not have to include a deductible.

  2. regarding Art. 5.1.2 Para. 2 of the Code
    A statutory age limit for members of the Executive Board does not exist. Such a limitation has not been incorporated since the by-laws of the Supervisory Board provide for an age limit for the members of the Executive Board, which has to be considered for the succession planning.

  3. regarding Art. 5.3.1, 5.3.2 and 5.3.3 of the Code
    As long as the Supervisory Board is only comprised of three members, there were and will not be committees, since a proper fulfillment of the tasks of the Supervisory Board can only be achieved in a plenary meeting of the three-person Supervisory Board. Moreover, regulations according to stock corporation law would require decision-making Supervisory Board committees to be comprised of three Supervisory Board members. For this reason a delegation of tasks is not reasonable either.

  4. regarding Art. 5.4.1 of the Code
    A statutory age limit for members of the Supervisory Board does not exist. Such a limitation has not been incorporated since the by-laws of the Supervisory Board provide for an age limit for the members of the Supervisory Board, which has to be considered for the succession planning. The limitation of a rigid maximum age policy for Supervisory Board members according to the by-laws would restrict the selection of suitable Supervisory Board members across-the-board.

  5. regarding Art. 4.2.5 in connection with Art. 4.2.3 of the Code
    There is no individual information about annual contributions to the provisions for pensions or pension funds for pension obligations for Executive Board members. The Compensation Report as part of the Group's Status Report already includes information about the compensation of the individual Executive Board members and the total extent of pension promises pursuant to the requirements of the Executive Board Compensation Disclosure Act (Vorstandsvergütungsoffenlegungs-Gesetz). The SINGULUS TECHNOLOGIES AG does not regard a more detailed reporting of the provisions for pensions as necessary.
Kahl, March 2010
SINGULUS TECHNOLOGIES AG
Dr.-Ing. Wolfhard LeichnitzGünter BachmannJürgen Lauer
Roland LacherDr.-Ing. Anton PawlakowitschDr.-Ing. Stefan Rinck
OK

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