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Its own examination of the annual financial statements, the consolidated financial statements and the
joint management report did not lead to any objections. The Supervisory Board approved the findings
of the auditor’s review and ratified the annual financial statements. The financial statements were
thereby adopted. Having reviewed the proposal of the Executive Board on the appropriation of the
unappropriated retained earnings, the Supervisory Board gave its approval.
Changes in the Supervisory Board
In the Supervisory Board meeting on March 28, 2007, Dr. Wilfried Lochte laid down his mandate as
Chairman of this executive body for reasons of age. Dr. Lochte had headed the Supervisory Board
since 1999 during a phase of company stabilization and growth. He made a decisive contribution to
the positive development of the company through his commitment. The Supervisory Board and the
Executive Board thank Dr. Lochte for his outstanding service to the company. The Supervisory Board
elected Rainer Thieme to the position of Chairman of this executive body. Walter Skiba (employee
representative), Chairman of the Works Council of the Group company Salzgitter Mannesmann
Handel GmbH, laid down his mandate on December 31, 2007. In his place, the District Court of
Braunschweig appointed Uwe Pfante to the Supervisory Board, effective January 1, 2008.
The Supervisory Board thanks Mr. Skiba for his dedicated cooperation.
The Supervisory Board would like to thank the Executive Board and all of the Group’s employees for
their work and their commitment in the financial year 2007.
Salzgitter, March 27, 2008
The Supervisory Board
Rainer Thieme
Chairman
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