Transparency & Governance Report of the Supervisory Board 
At its meeting on March 10, 2008, the Supervisory Board approved the financial statements of Fresenius SE (formerly Fresenius AG) for the fiscal year 2007 as presented by the Management Board, thereby adopting them as official. The Supervisory Board also approved the consolidated financial statements of Fresenius SE (formerly Fresenius AG) prepared according to IFRS standards and the consolidated financial statements prepared voluntarily according to US GAAP for 2007.
The auditors delivered a detailed report on the results of the audit during this meeting. The auditors attended all four regular meetings of the Supervisory Board and all meetings of the Audit Committee.
The Supervisory Board concurs with the proposal by the Management Board on the appropriation of the 2007 retained earnings.
The Supervisory Board would like to thank the Management Board and all employees for their achievements and commitment during the fiscal year 2007.
Bad Homburg v.d.H., March 10, 2008
The Supervisory Board
Dr. Gerd Krick
Chairman
