Conflicts of interest

In accordance with the valid legal regulations according to § 34 b WpHG the following conflicts of interests applicable to B. Metzler seel. Sohn und Co. KGaA including its affiliates (in summary "Metzler") exist with the Companies and related securities named here:

Continental AG
1. As of the date of publication of this report, Metzler or persons who compiled this report or contributed to its compilation beneficially own 1% or more of the equity or any class of equity securities of the Company.

Fraport AG
8. A Managing Partner or an employee of Metzler serves as a member of the Supervisory Board or other regulatory body of the Company.

Porsche Automobil Holding SE
11. Metzler or persons who compiled this report or contributed to its compilation have significant financial interest in respect to the Company.

Volkswagen AG
6. Within the last twelve months, Metzler or persons who compiled this report or contributed to its compilation have been linked to the Company through an agreement on the provision of investment banking services or received compensation or a promise of compensation from the Company for investment banking services rendered under such an agreement.
8. A Managing Partner or an employee of Metzler serves as a member of the Supervisory Board or other regulatory body of the Company (here LeasePlan Corporation N.V.).
11. Metzler or persons who compiled this report or contributed to its compilation have significant financial interest in respect to the Company.

Types of Conflicts of interest according to § 34b WPhG
1. As of the date of publication of this report, Metzler or persons who compiled this report or contributed to its compilation beneficially own 1% or more of the equity or any class of equity securities of the Company.

2. Metzler holds a trading position in equity securities of the Company.

3. Metzler or persons who compiled this report or contributed to its compilation were members of a syndicate which has underwritten a public offering of financial instruments issued by the Company within the last twelve months.

4. Metzler or persons who compiled this report or contributed to its compilation place buy and sell orders on a stock exchange or market for financial instruments issued by the Company pursuant to an agreement with the Company.

5. As of the date of publication of this report, Metzler holds a net short position of 1% or more of the share capital of the Company.

6. Within the last twelve months, Metzler or persons who compiled this report or contributed to its compilation have been linked to the Company through an agreement on the provision of investment banking services or received compensation or a promise of compensation from the Company for investment banking services rendered under such an agreement.

7. In the next three months, Metzler expect to receive compensation from the Company for investment banking services.

8. A Managing Partner or an employee of Metzler serves as a member of the Supervisory Board or other regulatory body of the Company.

9. An employee of the Company serves as a member of the Supervisory Board or Advisory Board of Metzler.

10. The Metzler analyst responsible for coverage of the Company holds financial instruments of the Company.

11. Metzler or persons who compiled this report or contributed to its compilation have significant financial interest in respect to the Company.

Additional information is available upon request.