SURTECO completes conversion to SE

The conversion of SURTECO AG to a European company (Societas Europaea) came into effect on 19 November 2007. Now that the entry has been recorded in the Company Register, the company is trading as SURTECO SE. The conversion was approved by the Ordinary General Meeting on 31 August 2007 by a big majority (99.98 %). The SE is a form of incorporation established to accommodate international operations and which exists in all EU member states. Conversion to an SE requires an open and cross-border corporate culture. This move is in line with the international direction of the SURTECO Group. During the business year 2006, 64 % of consolidated sales revenues were generated in foreign markets. The dualist management system comprising Board of Management and Supervisory Board will be retained at SURTECO in future. The same is applicable to one-third parity co-determination in the Supervisory Board which has been the arrangement to date. The organizational structure of the Group will remain unchanged. The conversion will also have no effect on the shareholders or the stock-market listing of the company. According to the rules applicable to the SE, the Annual General Meeting of the company will be held during the first six months after the end of a business year.