Excerpt from the Internal Rules of Procedure for the Supervisory Board of Semperit Aktiengesellschaft Holding

§ 7 

(1) Following every Annual General Meeting, the Supervisory Board formally elects a Chairman and one or more Deputy Chairmen from among its elected members.

(2) The Chairman of the Supervisory Board and his designated vice-chairperson(s) comprise the remuneration committee (executive committee) of the Supervisory Board.

(3) The personnel committee of the Supervisory Board is responsible for dealing with all issues pertaining to the relationship between the company and the members of the Management Board, with the exception of the appointment or revocation of the appointment of a member of the Management Board. Subsequently, the executive committee convenes and makes decisions concerning urgent matters. 

§ 8

The Supervisory Board is authorised to establish the following committees:

a) Executive and remuneration committee

b) Audit committee

c) Personnel and nominating committee

The committees may be comprised of the same members of the Supervisory Board. In any case, the Chairman and the Deputy Chairman must each be a member of the committees.

The audit committee must include a financial expert specified by the Supervisory Board. The chairman of the audit committee as well as the designated financial expert may not have served as a member of the Management Board, a top manager in the company or as one of the chartered accountants auditing the financial statements during the previous three year period. 

The personnel and nominating committee deals with succession planning for the Management Board and for the Supervisory Board.