Corection of an eror in accordance with IAS 8

Due to a ruling by the German Federal Fiscal Court (Bundesfinanzhof), there is a risk that we will not be able to continue applying the “extended trade tax deduction”. As a result, all of our domestic income would be subject to trade tax. This would also affect past financial years and undisclosed reserves contained in non-current domestic assets. The consolidated financial statements as at 31 December 2010 were therefore adjusted in accordance with IAS 8.41 ff. The restatement of the previous year’s values led to a consolidated profit of €-7.8 million (prior to restatement: €+81.8 million and to a reduction in equity of € 85.9 million from € 1,249.6 million to € 1,163.7 million. Please also see the explanatory notes to the accounts.

Where comparisons are made to the previous year in the additional explanatory notes to the results of operations, financial position and net assets, the figures referred to are the 2010 annual results restated in accordance with IAS 8.

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