• Shareholders
• Annual General Meeting
• Avoidance of conflicts of interest
• Directors’ dealings
• Transparency and communication
• Risk management and control system
• Financial accounting and reporting
• Directors & Officers Insurance

Disclosures on directors’ dealings and shareholdings in 2009

Members of the Management and Supervisory Boards, other executive officers, and persons closely related to them are required, pursuant to Section 15a of the German Securities Trading Act (WpHG), to disclose purchases and sales of shares of Fresenius SE and financial instruments based on them (Directors’ Dealings). Directors’ dealings in 2009 are disclosed in the table below.

In compliance with clause 6.6 of the German Corporate Governance Code, ownership of shares of the Company and financial instruments based on them must be disclosed by Management and Supervisory Board members if more than 1 % of the shares issued by Fresenius SE are held either directly or indirectly. No member of either board holds, directly and indirectly, more than 1 % of these shares. Members of the Management and Supervisory Boards together held 1.3 % of the Fresenius SE shares outstanding as of December 31, 2009, in the form of shares or financial instruments and stock options under the stock option plans respectively, based on them. Of the total, the Management Board held 0.6 % and the Supervisory Board 0.7 %.

We received no notifications that the shareholdings of members of the Management and Supervisory Boards had reached, exceeded, or fallen below the reporting thresholds stipulated in the German Securities Trading Act.