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SE CONVERSION AND EMPLOYEE PARTICIPATION

Fresenius AG was converted into a European Company – Fresenius SE – on July 13, 2007. This was preceded by the successful conclusion of the procedure for the involvement of employees in the conversion process. All the employees and their representative bodies from the Fresenius companies in the EU Member States and in the signatory states of the European Economic Area (EEA) had to delegate one member* per country to the so-called Special Negotiating Body (SNB). The SNB’s constitutive meeting, attended by 22 employees and trade union representatives from 16 countries, took place on January 16 and 17, 2007. In the following months, the Company’s management team, with the representatives of the SNB, negotiated the framework for the involvement of employees. In particular, this concerned determining the composition of the employee representatives on the Supervisory Board of Fresenius SE, their election and the activities of the new SE-works council. The employee participation procedure was completed with the conclusion of a joint agreement on the involvement of employees in Fresenius SE on July 13, 2007.

Information on employee numbers can be found in our Management Report.

* Seven members were delegated from Germany because of the large number of employees in this country.