Declaration of Conformity

Declaration of Conformity by the Management Board and the Supervisory Board of DEUTZ AG according to Article 161 of the German Stock Corporation Act


Pursuant to section 161 AktG, the Board of Management and Supervisory Board of DEUTZ AG declare that DEUTZ AG has complied with, and continues to comply with, the recommendations of the government commission for the German Corporate Governance Code (DCGK) as amended on 5 May 2015 since issuing the last declaration of conformity in September 2015, with the following exceptions:

The D&O insurance taken out by DEUTZ AG for the members of the Supervisory Board does not provide for any deductible, contrary to item 3.8 (2) and (3) DCGK. In the case of Supervisory Board members, a deductible of this type is, as before, not considered an appropriate means of control.

There is no age limit at DEUTZ AG for members of either the Board of Management or Supervisory Board, contrary to items 5.1.2 (2) sentence 3 and 5.4.1 (2) sentence 1 DCGK. Furthermore, there is no regular limit of length of membership for the Supervisory Board, contrary to item 5.4.1 (2) sentence 1 DCGK. These exceptions enable DEUTZ AG to retain the option of benefiting from the experience brought to the Company by older members of the Board of Management and Supervisory Board and by long-standing members of the Supervisory Board, respectively.

Cologne, September 2016