Declaration of Conformity
DECLARATION OF CONFORMITY 2025 by the Executive Board and the Supervisory Board of Salzgitter AG pursuant to Section 161 of the German Stock Corporation Act (Aktiengesetz) on the recommendations of the "Government Commission on the German Corporate Governance Code"
In accordance with Section 161 of the German Stock Corporation Act, the Executive Board and Supervisory Board of Salzgitter AG declare:
Since the submission of the last Declaration of Conformity dated December 5, 2024, Salzgitter AG has complied with all recommendations of the "Government Commission on the German Corporate Governance Code" in the version dated April 28, 2022, published by the Federal Ministry of Justice in the official section of the Federal Gazette, and will continue to do so in the future, with the following exception:
- Recommendation G.10 sentence 1 is not complied with according to which the variable remuneration amounts should predominantly be invested in shares of the company or granted on a share-based basis.
36 % of the variable compensation amounts granted to the members of the Executive Board are granted on a share-based basis. The Supervisory Board considers this portion to be appropriate.
Salzgitter, December 4, 2025