There were no loan arrangements with members of the Board of Directors in fiscal 2006/2007. Furthermore, no benefits of a similar nature were granted.

The contracts for the Board of Directors contain the following provisions relating to severance payments in the event of contract termination, resignation or removal:

• Insofar as a member of the Board of Directors resigns from his/her post for no important reason, he/she shall receive no fixed basic salary and no bonus as from the resignation coming into force until the end of his/her contract.
• Insofar as a member of the Board of Directors resigns from his post for an important reason in accordance with Section 626 of the German Civil Code (Bürgerliches Gesetzbuch – BGB), he/she shall receive his/her specified fixed basic salary, without a bonus, as from this date to the end of his/her contract.
• Insofar as a member of the Board of Directors is removed for an important reason as defined by Section 84 (3) of the German Stock Corporation Act (Aktiengesetz – AktG), he/she shall receive his/her specified fixed basic salary, without a bonus, as from this date until the end of his/her contract. Bonus entitlements already vested up to the date of removal shall continue to be valid.
• If a contract of service pertaining to the Board of Directors is terminated, with or without a period of notice, for an important reason as defined by Section 626 BGB, the Board member in question shall receive no bonus for the current fiscal year nor any bonus for a special period of grace possibly agreed between the parties.

In the event of permanent incapacity to perform his/her duties, a member of the Board of Directors shall continue to receive his/her fixed basic salary in monthly installments for a period of up to 18 months; additionally, bonus entitlements shall be paid for six months up to the onset of the illness or the incapacity to the extent that the targets are attained.

The members of the Board of Directors receive no compensation for positions held within Group entities.

The contracts for the Board of Directors do not contain any provisions concerning the termination of the contract in the event of a change of control.

Remuneration of Former Members of the Board of Directors.
In fiscal 2006/2007, the emoluments received by former members of the Board of Directors and their surviving dependents amounted to €51k in total (2005/2006: €0k). Accruals in the amount of €1,338k (2005/2006: €0k) have been recognized in connection with pension obligations towards former members of the Board of Directors and their surviving dependents.