Declaration of conformity with only one exception

In 2018, the Board of Management and the Supervisory Board once again carefully considered to what extent it was proper and consistent with the Company’s objectives for DEUTZ to apply all the guidelines and recommendations of the DCGK. As a result, DEUTZ AG complies with the recommendations of the Code, as amended on 7 February 2017, with the following exception:

1. The D&O insurance taken out by DEUTZ AG for the members of the Supervisory Board does not provide for any excess, contrary to article 3.8 (2) and (3) DCGK. In the case of Supervisory Board members, an excess of this type is, as before, not considered an appropriate means of control.

The current declaration of conformity in accordance with section 161 AktG, which the Board of Management and Supervisory Board submitted on 13 December 2018, can be accessed in the ‘Investor Relations / Corporate Governance’ section of the Company’s website at www.deutz.com. The previous declarations of conformity can also be viewed and downloaded there.