Fresenius Group Fresenius Shares 
INVESTOR RELATIONS
Our Investor Relations activities are in accordance with the transparency rules of the German Corporate Governance Code. We pursue comprehensive, timely, and open communication with private and institutional investors as well as financial analysts. The equal treatment of all market actors is very important to us in our day-to-day communication.
In 2008, we again intensified our dialogue with the capital market in order to enable investors and analysts to make a fair assessment of Fresenius Group’s business situation and market conditions. In addition to the annual analysts’ meeting and the quarterly conference calls, Fresenius also made presentations in important financial markets in Europe and the United States. Regular contacts were further extended at ten international investor conferences, 17 roadshows, and numerous one-on-one meetings with institutional investors and analysts. A Capital Market Day was also held in December 2008 at which the managements teams of Fresenius Helios and Fresenius Vamed informed analysts and investors in detail about the business, strategies, and growth prospects.
We also used the Internet to intensify the dialogue with our private investors. Our private shareholders can follow live webcasts of the quarterly conference calls and annual analysts’ meeting on our website at www.fresenius.com. Presentations can be downloaded shortly before and, of course, after the events in the Investor Relations section under “Presentations.” We also publish all presentations by the Management Board given at international investor conferences. We intend to make further improvements in the ways we communicate with private shareholders, and would welcome any suggestions you may care to make. In 2009, we also plan to increase the information content of our website.
In 2008, we again received important commendations for the standard of our financial communications. In the competition for the best annual report conducted by the German business magazine manager magazin, which analyzed more than 200 annual reports published by German and European companies, we came fourth in the MDAX category and tenth in the overall ranking. In addition, we again received the Platinum Award for our annual report in the category “Health Care – Equipment&Supplies” from the League of American Communications Professionals (LACP). In the overall rating for all categories, Fresenius ranked a very good 21st, an improvement of four places over the previous year. Over 3,100 companies from 21 countries took part in this contest. Fresenius SE’s online annual report won a prize at the ARC Awards in the Honor Award category. The independent US organization Mercomm, Inc. has been making internationally renowned awards for annual reports published by listed and private companies since 1987. In 2008, the jury reviewed a total of 2,100 annual reports from 28 countries, including 98 online reports. The jury was particularly impressed by the low-key design used to convey our healthcare group’s image, the easy-to-read pages with a balanced mix of text and images, and the explanation of technical terms included directly in the text. In a study by the company NetFederation, Fresenius SE’s Investor Relations website was ranked 6th under 110 websites of companies, listed in a Deutsche Börse index. Major criteria were story, service, technology and design. The annual study shows the quality of online Investor Relations of German companies.
Fresenius SE was awarded “Deal of the Year Award 2008” in the category Corporate Finance for its July issue of a Mandatory Excheangable Bond, to partially finance the acquisition of APP Pharmaceuticals. It was the last major equity-linked transaction in the market in 2008 and the only mandatory security in Europe during the year. The award was awarded by the Association of Corporate Treasurers (ACT), London.
