Notification requirement for managers’ transactions
With effect from July 03, 2016, the new Market Abuse Regulation (MAR) entered into force. Article 19 MAR requires members of the Executive Board and the Supervisory Board of Salzgitter AG to notify the company and the German Federal Financial Services Supervisory Authority [Bundesanstalt für Finanzdienstleistungsaufsicht] forthwith of any transactions involving company securities or debt instruments or financial instruments linked thereto (so-called directors' dealings). Salzgitter AG is required to publish such reports on the Internet. This new regulation replaced the previously valid regulation of 15a of the German Securities Trading Act [Wertpapierhandelsgesetz].