Declaration of Conformity

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 2014 to the German Corporate Governance Code

The last declaration of conformity was published in January 2013 on the basis of the German Corporate Governance Code (the “Code”) amended as of May 15, 2012. Since publishing this declaration the SINGULUS TECHNOLOGIES AG adhered to the recommendations of the German Corporate Governance Code in that version with the exception of the deviations described in the Declaration of Conformity. On May 13, 2013 an amended version of the Code was resolved. Except for the following deviations the SINGULUS TECHNOLOGIES AG (the Company) adhered and adheres to the modified Code as well:

  1. As long as the Supervisory Board is comprised of three members, there were and will not be committees (cf. No. 5.3.1, 5.3.2 and 5.3.3 of the Code), 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. In this case committees will neither provide enhancements in efficiency nor an improved handling of complex subject matters nor a more efficient or improved fulfillment of the duties of the Supervisory Board with respect to issues regarding accounting principles, risk management or auditing can be expected from such committees. In addition, corporate law provides that decision-making Supervisory Board committees have to have at least three Supervisory Board members. For this reason a delegation of tasks is not reasonable either.

  2. The Supervisory Board does not determine a mandatory quota for the appropriate participation of women in the Supervisory Board (cf. Art. 5.4.1 Para. 2 of the Code). The Supervisory Board very much welcomes the appointment of Ms. Christine Kreidl to the Supervisory Board. However, the Supervisory Board does not regard it as reasonable to set a specific future target participation of women. The members of the Supervisory Board should exclusively be appointed according to expertise and qualification regardless of gender and nationality. They are to advise and monitor the Executive Board in a competent and efficient manner. Therefore, the members should have expertise and sector know-how in the areas of high-tech engineering or the management of complex development projects. Due to the traditionally low share of women in high-tech engineering or related sectors and due to the fact that the Supervisory Board is only comprised of three members, a mandatory quota cannot be specified in a reasonable manner.

Except for the aforementioned deviations the SINGULUS TECHNOLOGIES AG adheres to the recommendation of the German Corporate Governance Code as amended as of May 13, 2013 and will adhere to them in the future as well.

Kahl am Main, January 2014

Dr.-Ing. Wolfhard Leichnitz
Chairman of the Supervisory Board

Christine Kreidl
Deputy Chairwoman of the Supervisory Board

Dr. rer. nat. Rolf Blessing
Member of the Supervisory Board

Dr.-Ing. Stefan Rinck
Chief Executive Officer

Dipl.-Oec. Markus Ehret
Board Member Responsible for Finance, Controlling, Human Resources and IT, CFO

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