Auditors

The Annual General Meeting on 11 May 2016 has appointed PricewaterhouseCoopers Aktiengesellschaft  Wirtschaftsprüfungsgesellschaft, Frankfurt, as the auditors for 2016.

The audit by PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Frankfurt, comprises the Group financial statements, which are prepared according to the international reporting standards IFRS as well as the financial statements of KSB AG, which are prepared in accordance with the HGB, the German Commercial Code.