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1.4 To our shareholders ThyssenKrupp stock<br />

Stock performance impacted by financial crisis<br />

ThyssenKrupp’s stock performed well in the 1st quarter 2010/2011. Key factors in this were the strategic<br />

measures we implemented and the general economic situation, which also favored our business.<br />

Subsequently, however, the capital markets weakened due to rising raw material prices and the natural<br />

disaster in Japan. This trend shaped our share performance in the 2nd quarter.<br />

Performance of ThyssenKrupp stock relative to DAX and DJ STOXX, indexed,<br />

September 30, 2010 to September 30, 2011<br />

160<br />

140<br />

120<br />

100<br />

80<br />

60<br />

Oct<br />

2010<br />

Nov Dec Jan<br />

2011<br />

ThyssenKrupp stock DAX DJ Stoxx<br />

Feb Mar Apr May Jun Jul Aug Sept<br />

In the 3rd quarter the stock initially recovered its previous losses. In particular after the announcement of<br />

our strategic development plans in early May 2011 it surged to a reporting year high of €35.84 at the end<br />

of June. The 4th quarter was then dominated by the turbulence on the international financial markets.<br />

ThyssenKrupp’s stock lost all its gains and closed the fiscal year at €18.55, a low for the reporting year and<br />

down 22.5% from twelve months earlier.<br />

42

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