Declaration of conformity 2021

Joint declaration by the Executive Board and the Supervisory Board pursuant to section 161 of the German Stock Corporation Act (AktG) on the recommendations of the Government Commission on the German Corporate Governance Code

“Since issuing its last declaration of conformity on August 18, 2020, Rheinmetall AG has complied and will in future comply with the recommendations of the "Government Commission on the German Corporate Governance Code" (version dated December 16, 2019 – the "Code") published by the Federal Ministry of Justice and Consumer Protection in the official section of the Federal Gazette on March 20, 2020, with the exception described below:

The recommendation in B.5 of the Code is not fully complied with. According to this, an age limit is to be specified for members of the Executive Board and stated in the corporate governance declaration (Erklärung zur Unternehmensführung). The service contracts with the members of the Executive Board provide for an age limit in such a way that the contract ends at the end of the month in which the member of the Executive reaches the standard retirement age under the statutory pension scheme or at the point in time from which he draws a statutory retirement pension (section 35 - 42 German Social Code VI – SGB VI), irrespective of the legal basis, before reaching the standard retirement age. Accordingly, the Chief Financial Officer Helmut P. Merch would originally have left his office on December 31, 2021. However, his service contract was extended for a limited period until December 31, 2022. Due to this time limit a provision on the standard retirement age was not included in the new service contract. Therefore, Mr. Merch will leave the Executive Board on December 31, 2022 at the age of 66. From the Company's perspective, the individual case deviation from recommendation B.5 of the Code is in the interests of the Company. In view of the recent strategic realignment of the Group and the associated restructuring of the Group, it is in the interests of the Company that Mr. Merch, with his many years of experience in the Group and on the Executive Board, should be able to assist in the completion of this restructuring.”

Düsseldorf, August 2021
Rheinmetall Aktiengesellschaft

The Executive Board | The Supervisory Board

Rheinmetall Platz 1

40476 Dusseldorf


Phone: +49 211 473-01

Fax: +49 211 473-4727

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