The Board of Directors has been authorized to increase the Company’s subscribed capital, with the Supervisory Board’s approval, by up to €1,654,249.00 (Authorized Capital I 2004) through the issue for cash of new bearer shares under single or multiple initiatives up to May 13, 2009. Shareholders must be granted a right of subscription. However, subject to the consent of the Supervisory Board, the Board of Directors is authorized to exclude fractional amounts from a shareholder’s right of subscription. The Board of Directors is also entitled, subject to the consent of the Supervisory Board, to exclude shareholders’ subscription rights where the issue price does not lie significantly below the current stock market trading price. This authorization shall only apply subject to the condition that the total shares issued without shareholder subscription rights, in accordance with Section 186 (3) Sentence 4 AktG, may not exceed 10% of the subscribed capital at the time of the resolution. In calculating this 10% limit, an allowance shall be made for the grant of option or conversion rights for Company shares subsequent to this authorization, i.e., after May 14, 2004, if the grant excludes subscription rights, in accordance with Section 186 (3) Sentence 4 AktG, and for any sale of the Company’s treasury shares excluding subscription rights, in accordance with Section 186 (3) Sentence 4 AktG. The Board of Directors is also authorized, with the consent of the Supervisory Board, to determine the additional rights attaching to the shares and the terms and conditions of the share issue.