Annual Report 2003 2004

ThyssenKrupp ag dividend payment in €
1999/2000
2000/2001
2001/2002
2002/2003
2003/2004
* Proposal to the Annual General Meeting
Capital stock unchanged
The capital stock remains unchanged at €1,317,091,952.64 and consists of 514,489,044 no-par-value
bearer shares. The shares are evidenced in global certificates. The right of shareholders to certification
of their shares is excluded under the Company's Articles of Association. Under Art. 19 of the Articles of
Association of ThyssenKrupp ag, each share grants one vote.
Great interest in 2004 employee share program
Value-oriented thinking must not be the preserve of management because ultimately all employees
contribute to the success of the Company and enhance its value. Employees should therefore also have
the opportunity to participate in this success. That is the purpose of employee shares.
The Group's second employee share program met with a positive response: with almost 47,000
entitled employees in Germany subscribing, the participation rate was 51% compared with 48% for the
first program in 2001.
The share issue was based on the 50/50 model pursuant to Art. 19a of the Income Tax Law: employees
received a company allowance free of tax and social security contributions in the same amount as their
own investment. They could choose between a large share package worth up to €270 (employee contribution
up to €135) and a small package worth up to €150 (employee contribution up to €75).
The share price which determined the number of shares per package was established at €15.60 on
March 01, 2004. Accordingly, the large package comprised 17 shares (worth €265.20) and the small
package 9 shares (worth €140.40). A total of 790,498 shares were transferred to the employees'
securities accounts. These shares were taken from treasury stock.
Stable stockholder structure
Following the surveys in 2003 and 2001, ThyssenKrupp conducted a further analysis of its stockholder
structure at the end of the fiscal year. These surveys are conducted to allow us to address investors more
directly and intensify our dialog with them.
As in the year before, private investors held 20% and institutional investors and investors with major
holdings held 80% of the Company's capital stock. Around 80% of stockholders are resident in Germany;
the remaining 20% of the capital stock is held by foreign investors.
0.40
0.50
0.60
0.60*
0.75
Private investors
continue to hold 20%
of the capital stock.
21
To our stockholders
ThyssenKrupp stock