The term “Corporate Governance” is connected to a responsible corporate management and controlling which aims to a long-term creation of value.

Additional essential aspects in regards to “Corporate Governance” are an efficient cooperation between the board and the supervisory board, respecting the shareholder´s interest, and candor and transparency in the company´s communication.

This serves to support the confidence of international and national investors, customers, employees and of general public in the management and supervision of German stock corporations listed on the stock exchange.

ADLER Real Estate AG naturally supports the institution of the Corporate Governance Code and its codification in the Corporations Act. This instrument provides a basis for assessing good and responsible corporate management and governance.

We would like to point out that ADLER Real Estate AG cannot comply with all items in the Code. The Code is a standardized document applicable to both large international blue chips and to small exchange-listed enterprises sometimes active on only a national level. There are thus items that a small enterprise cannot fulfill, often leading to the differences that an enterprise must explain.

Pursuant to § 161 of the German Stock Companies Act, the supervisory board and the board of ADLER Real Estate AG have issued a declaration of conformity to the recommendation of the “Government Commission of the German Code of Corporate Governance”.