Performance conversion plan

A performance conversion plan was introduced in 2007 for a range of senior executives and staff. Under the terms of the plan, the eligible managers, with the exclusion of the members of the Executive Board, are entitled, but not obliged, to invest part of the proceeds of the annual performance payment which is awarded to them (if any) in shares of the Company. After a three-year period, the Company will match the eligible managers’ investment in a ratio ranging from a guaranteed 25% linearly up to maximum 300% depending on the Company’s TSR performance over the three-year period. In the year under review, 51 (2008: 53) managers opted to invest in a total of 11,994 (2008: 9,365) shares. The performance conversion plan, which started in 2007, will be matched for 139.58% on 2 April 2010.

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