March 30, 2010
Fresenius SE has announced today that it will propose at its annual general meeting on May 12, 2010, the conversion of its non-voting preference shares into ordinary shares in combination with the change of its legal form into a “KGaA” (Kommanditgesellschaft auf Aktien / partnership limited by shares).
The Else Kröner-Fresenius Foundation endorses this initiative by Fresenius SE. Thus, the foundation is acting in accordance with the mandate of its benefactress to safeguard the company’s long-term interests and, if possible, to maintain the Fresenius Group as an independent company. The unified share structure will further strengthen Fresenius’ position on the capital market. This will facilitate the pursuit of future growth opportunities in the interest of all shareholders. At the same time, the conversion into a KGaA will preserve the foundation’s influence in the company, as required by applicable laws.
The Else Kröner-Fresenius Foundation will retain its shareholding in Fresenius.
Else Kröner-Fresenius Foundation
Executors of the will on behalf of Else Kröner