Pursuant to Section 15 of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG), in the version of the Investor Protection Enhancement Act (Anlegerschutzverbesserungsgesetz – AnSVG) of 30 October 2004, an issuer of financial instruments that are admitted to trading on an organised market within Germany, or for which an application for admission has been lodged, is required to disclose immediately any inside information that is of direct relevance to that issuer.

Inside information within the meaning of Section 13 WpHG refers to concrete information about non-public circumstances, i.e. circumstances not known within the public domain, which relate to one or several issuers of insider securities or to the insider securities themselves and could possibly have a significant effect on the exchange or market price of the insider securities if they were to be made public.