Valid for the past and future Corporate Governance of Jungheinrich AG is the following declaration, which relates to the requirements of the Code in the version dated 21.5.2003.
Declaration according to ยง 161 German Stock Corporation Law
The Board of Management and the Supervisory Board declare that the recommendations of the "Government Commission German Corporate Governance Code" will be fulfilled by Jungheinrich to the widest extent and were so fulfilled in the past.
The exceptions to which reference is made relate to the fact that the definition of the structure of the remuneration system for the Board of Management falls within the sphere of competence of the Personnel Committee of the Supervisory Board, the fact that the D & O insurance policy of the company for the Board of Management and the Supervisory Board does not state any own-risk deductible, the fact that Jungheinrich does not run a stock option scheme so that the recommendations based on this are not relevant, the fact that the remuneration of the members of the Board of Management and of the Supervisory Board is not stated in the annex of the Annual Report in an itemised and individualised manner, the fact that no age limit is set for the members of the Supervisory Board, the fact that no information or reports are provided in respect of the so-called "directors' dealings" over and above those required by the statutory regulations and the fact that the consolidated financial statements will not yet be made publicly accessible within the recommended period of 90 days.
Hamburg, December 2004
