Share plan

A share plan for the Directors of the operating companies was introduced in 2005. This plan provides for the allocation of shares in Kendrion as payment in kind. After the General Meeting of Shareholders in each year the number of shares awarded to individual Directors of the operating companies in that year is determined by the Supervisory Board, on the basis of the Executive Board’s recommendations. 2,700 shares were awarded pursuant to this plan in 2008. The plan does not extend to the Executive Board. The plan does not apply to the Executive Board.