Declaration of Conformity

2018 Declaration of Conformity to the German Corporate Governance Code

The last declaration of conformity was issued in January 2017 on the basis of the German Corporate Governance Code (the “Code”) in the version dated May 5, 2015. Since submitting that declaration, SINGULUS TECHNOLOGIES AG (the “Company”) has complied with the recommendations of the Code in that version, with the exceptions stated in the declaration. An amended version of the Code was approved on February 7, 2017. With the following exceptions, the Company likewise complied and complies with the amended version of the Code:

  1. As long as the Supervisory Board is comprised of only three members, no committees were or will be formed (regarding Articles 5.3.1, 5.3.2 and 5.3.3 of the Code), since the tasks of the Supervisory Board can be properly fulfilled in a plenary meeting of the three-person Supervisory Board. In this case, committees do not offer the prospect of either improved efficiency or improved treatment of complex matters, nor of more efficient or better performance of the tasks of the Supervisory Board with regard to issues of financial reporting, risk management or auditing. 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 the delegating of tasks is not appropriate.

  2. The Supervisory Board does not specify a standard limit to length of service on the Supervisory Board (regarding Article 5.4.1 Para. 2 of the Code). The Supervisory Board does not consider such a limit to be appropriate. The members of the Supervisory Board are to be selected exclusively on the strength of their expertise and qualifications. Their task is to advise and supervise the Executive Board competently and efficiently. The Company can thus also have access to the expertise of experienced, proven Supervisory Board members. A standard limit to the length of service would inordinately restrict flexibility in human resources decisions and the pool of potential candidates.

With the exception of the above departures, SINGULUS TECHNOLOGIES AG complies with the recommendations of the German Corporate Governance Code in the version dated February 7, 2017 and will also comply with it in the future.

Kahl am Main, January 2018

Dr.-Ing. Wolfhard Leichnitz
Supervisory Board Chairman

Christine Kreidl
Supervisory Board Deputy Chairman

Dr. rer. nat. Rolf Blessing
Supervisory Board member

Dr.-Ing. Stefan Rinck
Chief Executive Officer

Dipl.-Oec. Markus Ehret
Chief Financial Officer

OK

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