Corporate Governance Statement 2007

Statement
The Managing Board, Supervisory Board and executives at SINGULUS TECHNOLOGIES endorse the principles of corporate transparency, accountability and control which serve to preserve and strengthen the confidence of shareholders, employees, business partners and the public in general.

SINGULUS TECHNOLOGIES AG – Declaration in Accordance with § 161 AktG
The Federal Department of Justice published an amendment of the German Corporate Governance Code in 2006. During the previous business year 2006 the recommendations of the German Corporate Governance Code as amended by the Federal Department of Justice as of June 2, 2005 were adhered to. During the current business year 2007 the SINGULUS TECHNOLOGIES AG will adhere to the recommendations of the German Corporate Governance Code as amended by the Federal Department of Justice as per June 12, 2006. Exceptions are the following recommendations under Para. 1 - 4 for the business years 2006 and 2007 as well as Para. 5 for the business year 2007 only:
  1. In connection with the conclusion of a personal liability insurance for the members of the Boards (“D&O insurance") the company agreed with them that the members of the Boards will pay their own insurance premiums for the D&O insurance (c. Sec. 3.8 Para 2 of the Code).
  2. Instead of the determination of the maximum age of a member of the Executive Boar Boards according ding to the by-laws, the by-laws of the Supervisory Board state that the age limit has to be considered for the succession planning (c. Sec. 5.1.2 Para. 2 of the Code).
  3. As long as the Supervisory Boar Boards is only comprised of three members, there have not been and there will be no committees (c. Sec. 5.3.1 and 5.3.2 of the Code).
  4. Instead of the determination of the maximum age of a member of the Supervisory Board according to the by-laws, the by-laws of the Supervisory Board state that the age limit has to be considered for the proposal of new members to be elected (c. Sec. 5.4.1 of the Code).
  5. There is no individualized information about the annual contribution to the provisions for pensions or pension funds for pension benefits for members of the Executive Board (with respect to Art. 4.2.5 Para. 2 of the Code) and no information about the kind of the fringe benefits granted to the members of the Executive Board by the company (with respect to Art. 4.2.5 Para. 3 of the Code).
Kahl, January 26, 2007
SINGULUS TECHNOLOGIES AG

Roland LacherWilliam SleeThomas Geitner
Stefan A. BaustertDr.-Ing. Anton Pawlakowitsch
OK

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