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Declaration of conformity 2006

Joint declaration of conformity of the Executive and Supervisory Boards pursuant to Art. 161 German Stock Corporation Act ("AktG") on the recommendations of the German Corporate Governance Code Government Commission

"Rheinmetall AG's Executive and Supervisory Boards declare

1. THAT, since the issuance of the preceding declaration of conformity in November 2005, Rheinmetall AG had fully carried out the recommendations of the German Corporate Governance Code Government Commission as amended up to June 2, 2005, and officially published on July 20, 2005, in the digital Federal Gazette, except for the following recommendations that were not implemented:

  • Neither was the remuneration paid to each individual Executive Board member disclosed in the notes to the consolidated financial statements (§ 4.2.4 of the Code), nor was that paid to each Supervisory Board member reported in the corporate governance section (§ 5.4.7).
  • Court appointments of Supervisory Board members are not limited to the succeeding annual stockholders' meeting (§ 5.4.3) but were applied for to cover the residual term of the resigned Supervisory Board member.

2. THAT Rheinmetall AG will fully carry out the recommendations of the German Corporate Governance Code Government Commission as amended up to June 12, 2006, and officially published on July 24, 2006, in the digital Federal Gazette, except for the following recommendation that will not be implemented:

  • Court appointments of Supervisory Board members are not limited to the succeeding annual stockholders' meeting (§ 5.4.3) but will be applied for to cover the residual term of the resigned Supervisory Board member."

Düsseldorf, December 2006
Rheinmetall AG
Executive Board / Supervisory Board