Corporate Governance

Declaration of Conformity 2011

Declaration of Conformity with the German Corporate Governance Code 2011

Joint declaration by the Executive Board and the Supervisory Board of Analytik Jena AG on conformity with the recommendations of the German Corporate Governance Code (GCGC) in accordance with section 161 of the Aktiengesetz (AktG – German Public Companies Act):

In the period between its last declaration of conformity dated December 15, 2010, and the Ordinary General Meeting on April 19, 2011, Analytik Jena AG conformed with the recommendations of the Government Commission on the German Corporate Governance Code as amended on May 26, 2010, subject to the following exceptions:

Section 3.8 of the Code:

Section 3.8 of the Code recommends arranging a D&O insurance policy for the Supervisory Board with a deductible of at least 10.0% of damages up to at least 1.5 times the fixed annual remuneration of the Supervisory Board member. Despite this recommendation, the D&O insurance contract for the Supervisory Board of Analytik Jena AG does not provide for a deductible. The Executive Board and Supervisory Board of Analytik Jena AG do not believe that such a deductible would improve the attitude toward work or the sense of responsibility of members of the Supervisory Board, who by virtue of their office already conduct themselves in a responsible manner and in the interest of the Company.

Section 4.2.3 of the Code:

According to 4.2.3 (2) sentence 4 of the Code, both the possible positive and the possible negative development of the Company must be taken into account when defining variable remuneration components. The variable, performance-related components included in the remuneration of the Executive Board at Analytik Jena AG take the negative development of the Company into account insofar as the right to receive a bonus payment only exists if a specified positive result defined as an EBIT of at least EUR 2.0 m is achieved. If the result is below the agreed level, there is no right to a variable bonus payment. The Executive Board and the Supervisory Board consider this arrangement to be sufficient given the conservative remuneration policy for the Executive Board at Analytik Jena AG.

In addition, according to section 4.2.3 (3) sentence 3 of the Code, the subsequent amending of the defined success parameters or comparison parameters shall be prohibited. Though the subsequent amending of the defined success parameters is not explicitly prohibited in the Executive Board contracts, a corresponding option is not granted either. The Executive and Supervisory Boards are in agreement that the contractually agreed success parameters shall not be amended retroactively.

Finally, section 4.2.3 (4) of the Code envisions that in the case of premature termination of the Executive Board contracts without good reason, the severance payment shall not exceed two years’ remuneration and that compensation shall not exceed the remaining term of the employment contract. Analytik Jena AG does not always make full use of the allowance made in the Code with regard to the term used for calculation of the severance payment. However, the Executive Board contracts do not include a limitation of the severance payment to the remaining term of the relevant employment contract. Taking into consideration the fact that the remuneration of the Executive Board at Analytik Jena AG is at a conservative level and that the period used to calculate severance payment is in part shorter than that stipulated by the Code, management deems a further limitation of the severance payment to the remaining term of the contract to be neither necessary nor appropriate.

Section 5.3 of the Code:

Section 5.3 of the Code recommends that the Supervisory Board establishes qualified committees to handle different aspects of the Supervisory Board’s remit. Due to the fact that the Supervisory Board consists of only three members, the formation of professionally qualified committees as recommended in the Code is not feasible for Analytik Jena AG. The members of the Supervisory Board shall jointly dedicate their energies to all topics which according to the Code should be transferred to special committees, and thereby comply with the objectives of the Code.

Section 5.4.1 (2) and (3) of the Code:

Section 5.4.1 (2) and (3) of the Code recommend that the Supervisory Board should specify goals for its composition. Within the framework of the given situation of the company, these goals shall take into account the international activities of the company, potential conflicts of interest, setting an age limit for Supervisory Board members, and diversity. In particular, these specific goals should provide for appropriate participation by women. Proposals by the Supervisory Board to the responsible election bodies should take these goals into account. Due to the small number of Supervisory Board members, Analytik Jena AG believes that technical competence should remain the overriding consideration for the composition of the Supervisory Board, irrespective of gender. Therefore, Analytik Jena AG does not regard setting an absolute number of female Supervisory Board members as expedient.

Section 5.4.1 (4) sentence 2 of the Code:

In section 5.4.1 (4) sentence 2 of the new version of the Code dated May 26, 2010, a new recommendation has been introduced that a company provide appropriate support for training and continuing education programs for Supervisory Board members to aid them in fulfilling their responsibilities.
Initially, there was no explicit provision for this in the Articles of Association. Therefore, as a precautionary measure, a deviation was declared from section 5.4.1 (4) sentence 2 of the Code. The General Meeting on April 19, 2011 passed a corresponding provision supplementing the Articles of Association of Analytik Jena AG. As a result, this deviation from section 5.4.1 (4) sentence 2 of the Code no longer applies.

Subject to the remaining above exceptions, Analytik Jena AG complied with the recommendations of the Government Commission on the German Corporate Governance Code as amended on May 26, 2010, after its General Meeting on April 19, 2011, and the Company will continue to conform to them with the said exceptions.

Analytik Jena AG
Jena, December 13, 2011

For the Executive Board                    For the Supervisory Board
Klaus Berka                                     Andreas Krey

Declaration of Conformity 2010

Declaration of Conformity with the German Corporate Governance Code 2010

Joint declaration by the Executive Board and the Supervisory Board of Analytik Jena AG on conformity with the recommendations of the German Corporate Governance Code (GCGC) in accordance with section 161 of the Aktiengesetz (AktG - German Public Companies Act):
Since its last declaration of conformity dated December 16, 2009, Analytik Jena AG has conformed with the recommendations of the Government Commission on the German Corporate Governance Code as amended on June 18, 2009, subject to the deviations mentioned therein and the following exception:

Section 3.8 of the Code:

Section 3.8 of the Code recommends agreeing to a D&O insurance policy for the Supervisory Board of at least 10% of damages up to at least 1.5 times the fixed annual remuneration of the Supervisory Board member. Despite this recommendation, the D&O insurance contract for the Supervisory Board of Analytik Jena AG does not provide for a deductible. The Executive Board and Supervisory Board of Analytik Jena AG do not believe that such a deductible would improve the attitude toward work or the sense of responsibility of members of the Supervisory Board, who by virtue of their office already conduct themselves in a responsible manner and in the interest of the Company.

In the future, Analytik Jena AG will conform with the recommendations of the Government Commission on the German Corporate Governance Code as amended on May 26, 2010, with the following deviations:

Section 3.8 of the Code:

In the future as well, D&O insurance for the Supervisory Board will not provide for a deductible in view of the above-mentioned considerations by Analytik Jena AG.

Section 4.2.3 of the Code:

According to section 4.2.3 (2) sentence 4 of the Code, both the possible positive and the possible negative development of the Company must be taken into account when defining variable remuneration components. The variable, performance-related components included in the remuneration of the Executive Board at Analytik Jena AG take the negative development of the Company into account insofar as the right to receive a bonus payment only exists if a specified positive result defined as an EBIT of at least EUR 2.0 m is achieved. If the result is below the agreed level, there is no right to a variable bonus payment. The Executive Board and the Supervisory Board consider this arrangement to be sufficient given the conservative remuneration policy for the Executive Board at Analytik Jena AG.

In addition, according to section 4.2.3 (3) sentence 3 of the Code, the subsequent amending of the defined success parameters or comparison parameters shall be prohibited. Though the subsequent amending of the defined success parameters is not explicitly prohibited in the Executive Board contracts, a corresponding option is not granted. The Executive and Supervisory Boards are in agreement that the contractually agreed success parameters shall not be amended retroactively.

Finally, the section 4.2.3 (4) of the Code envisions that in the case of premature termination of the Executive Board contracts without good reason, the severance payment shall not exceed two years' remuneration and that compensation shall not exceed the remaining term of the employment contract. Analytik Jena AG does not always make full use of the allowance made in the Code with regard to the term used for calculation of the severance payment. However, the Executive Board contracts do not include a limitation of the severance payment to the remaining term of the relevant employment contract. Taking into consideration the fact that the remuneration of the Executive Board at Analytik Jena AG is at a conservative level and that the period used to calculate severance payment is in part shorter than that stipulated by the Code, management deems a further limitation of the severance payment to the remaining term of the contract to be neither necessary nor appropriate.

Section 5.3 sentence 4 of the Code:

Section 5.3 sentence 4 of the Code is concerned with the formation of committees and stipulates that qualified committees be formed for the various tasks of the Supervisory Board.
Due to the fact that the Supervisory Board consists of only three members, the formation of professionally qualified committees as recommended in the Code is not feasible for Analytik Jena AG. The members of the Supervisory Board shall jointly dedicate their energies to all topics which according to the Code should be transferred to special committees, and thereby comply with the objectives of the Code.

Section 5.4.1 (2) and (3) of the Code:

In the new version of the Code dated May 26, new recommendations were introduced in section 5.4.1 (2) and (3) of the Code, according to which the Supervisory Board shall specify goals for its composition. Within the framework of the given situation of the company, these goals shall take into account the international activities of the company, potential conflicts of interest, setting an age limit for Supervisory Board members, and diversity. In particular, these specific goals should provide for appropriate participation by women. Proposals by the Supervisory Board to the responsible election bodies should take these goals into account. Due to the small number of Supervisory Board members, Analytik Jena AG believes that technical competence should remain the overriding consideration for the composition of the Supervisory Board, irrespective of gender. Therefore, Analytik Jena AG does not regard setting an absolute number of female Supervisory Board members as expedient.

Section 5.4.1 (4) sentence 2 of the Code:

In section 5.4.1 (4) sentence 2 of the new version of the Code dated May 26, 2010, a new recommendation has been introduced that a company provide appropriate support for training and continuing education programs for Supervisory Board members to aid them in fulfilling their responsibilities.
The Articles of Association do not yet include explicit wording to this effect, but a corresponding amending of the Articles of Association is anticipated at the next General Meeting. Therefore, as a precautionary measure, a deviation is declared until then from section 5.4.1 (4) sentence 2 of the Code.

Analytik Jena AG
Jena, December 15, 2010

For the Executive Board                    For the Supervisory Board
Klaus Berka                                     Andreas Krey

Corporate Governance 2009

Declaration of Conformity with the German Corporate Governance Code 2009

Joint declaration by the Executive Board and the Supervisory Board of Analytik Jena AG on conformity with the recommendations of the German Corporate Governance Code (GCGC) in accordance with section 161 of the Aktiengesetz (AktG – German Public Companies Act):

Since its last declaration of conformity dated December 16, 2008, Analytik Jena AG has conformed with the recommendations of the Government Commission on the German Corporate Governance Code regarding the management and supervision of companies as amended on June 6, 2008, subject to the deviations mentioned therein.

In the future, Analytik Jena AG will conform with the recommendations of the Government Commission on the German Corporate Governance Code as amended on June 18, 2009, with the following exceptions:

Section 3.8 of the Code:

According to section 3.8 of the German Corporate Governance Code (the Code), a deductible is to be agreed for the members of the Supervisory Board in a D&O insurance policy. The D&O insurance policy currently in existence does not provide for such a deductible. Analytik Jena AG will agree a corresponding deductible within the time set by the regulatory authorities for amendment of the existing D&O policy.

Section 4.2.3 of the Code:

According to section 4.2.3 of the Code, both the possible positive and the possible negative development of the Company must be taken into account when defining the variable remuneration components. The variable components included in the remuneration of the Executive Board take the negative development of the Company into account insofar as the right to receive a bonus payment only exists if a specified positive result defined as an EBIT of at least EUR 2.0 m is achieved. If the result is below the agreed level, there is no right to a bonus payment. The Executive Board and the Supervisory Board consider this arrangement to be sufficient given the conservative remuneration policy for the Executive Board at Analytik Jena AG. The Executive Board and Supervisory Board preclude the possibility of a negative development of the Company due to speculation or other extraordinary dealings.

In addition, according to section 4.2.3 the subsequent amending of the defined success parameters or comparison parameters shall be prohibited. Though the subsequent amending of the defined success parameters is not explicitly prohibited in the Executive Board contracts, a corresponding option is not granted. The Executive and Supervisory Boards are in agreement that the contractually agreed success parameters shall not be amended retroactively.

Finally, the Code also envisions in this section that in the case of premature termination of the Executive Board contracts without good reason, the severance payment shall not exceed two years` remuneration and that compensation shall not exceed the remaining term of the employment contract. Analytik Jena AG does not always make full use of the allowance made in the Code with regard to the term used for calculation of the severance payments. However, the Executive Board contracts do not include a limitation of the severance payment to the remaining term of the relevant employment contract. Taking into consideration the fact that the Company remuneration of the Executive Board is at a conservative level and that the period used to calculate severance payment is in part shorter than that stipulated by the Code, management deems a further limitation on severance payment, namely to the remaining term of the contract, to be neither necessary nor appropriate.

Section 5.3 of the Code:

Section 5.3 of the Code is concerned with the formation of committees and stipulates that qualified committees be formed for the various tasks of the Supervisory Board. Due to the fact that the Supervisory Board consists of only three members, the formation of professionally qualified committees as recommended in the Code is not feasible for Analytik Jena AG. The members of the Supervisory Board shall jointly dedicate their energies to all topics which according to the Code should be transferred to special committees, and thereby comply with the objectives of the Code.

Analytik Jena AG
Jena, December  16, 2009

For the Executive Board                                For  the Supervisory Board
Klaus Berka                                                  Andreas Krey

Corporate Governance 2008

Declaration of Conformity with the German Corporate Governance Code 2008

Joint declaration by the Executive Board and the Supervisory Board of Analytik Jena AG on conformity with the recommendations of the German Corporate Governance Code (GCGC) in accordance with section 161 of the Aktiengesetz (AktG – German Public Companies Act):

Since its last declaration of conformity dated December 11, 2007, Analytik Jena AG has conformed with the recommendations of the Government Commission on the German Corporate Governance Code regarding the management and supervision of companies as amended on June 14, 2007, subject to the deviations mentioned therein.

In the future, Analytik Jena AG will conform with the recommendations of the Government Commission on the German Corporate Governance Code as amended on June 6, 2008, with the following exceptions:

1. The stock option plan is not related to comparison parameters, and the Supervisory Board has not
   passed a resolution covering extraordinary unforeseen developments (section 4.2.3 of the Code).
   
2. As the Supervisory Board is composed of only three members, no committees have been formed
   (section 5.3 of the Code).

Analytik Jena AG
Jena, December 16, 2008

For the Executive Board                                   For the Supervisory Board
Klaus Berka                                                     Andreas Krey

Corporate Governance 2007

Declaration of Conformity with the German Corporate Governance Code 2007

Gemeinsame Erklärung des Vorstands und des Aufsichtsrats der Analytik Jena AG zur Einhaltung der Empfehlungen des Deutschen Corporate Governance Kodex (DCGK) gemäß § 161 AktG:

Die Analytik Jena AG hat den Verhaltensempfehlungen der Regierungskommission Deutscher Corporate Governance Kodex zur Unternehmensleitung und -überwachung in der Fassung vom 12. Juni 2006 seit der letzten Entsprechenserklärung vom 14. Dezember 2006 mit den dort genannten Abweichungen entsprochen.
Die Analytik Jena AG wird den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex in der Fassung vom 14. Juni 2007 künftig mit folgenden Ausnahmen entsprechen:

1. Das Aktienoptionsprogramm bezieht sich nicht auf Vergleichsparameter und eine Regelung durch den Aufsichtsrat für außerordentliche nicht vorhergesehene Entwicklungen wurde nicht getroffen (Ziffer 4.2.3 DCGK).
2. Auf Grund der Zusammensetzung des Aufsichtsrats aus nur drei Mitgliedern wer-den keine Ausschüsse gebildet (Ziffer 5.3 DCGK).
3. Die Vergütung der Aufsichtsratsmitglieder beinhaltet gegenwärtig nur eine feste Vergütungskomponente. In der kommenden Hauptversammlung soll jedoch zusätzlich eine erfolgsorientierte Komponente beschlossen werden (Ziffer 5.4.7 DCGK).

Analytik Jena AG
Jena, 11. Dezember 2007

Für den Vorstand                  Für den Aufsichtsrat
Klaus Berka                          Alexander von Witzleben

Corporate Governance 2006

Entsprechenserklärung zum Deutschen Corporate Governance Kodex 2006

Gemeinsame Erklärung des Vorstands und des Aufsichtsrats der Analytik Jena AG zur Einhaltung der Empfehlungen des Deutschen Corporate Governance Kodex (DCGK) gemäß § 161 AktG:

Die Analytik Jena AG hat den Verhaltensempfehlungen der Regierungskommission Deutscher Corporate Governance Kodex zur Unternehmensleitung und -überwachung in der Fassung vom 2. Juni 2005 seit der letzten Entsprechenserklärung vom 9. Dezember 2005 mit den dort genannten Abweichungen entsprochen. Die Analytik Jena AG wird den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex in der Fassung vom 12. Juni 2006 künftig mit folgenden Ausnahmen entsprechen:

1. Die Vergütung des im Juni 2006 neu bestellten Finanzvorstands beinhaltet lediglich für die Zeit des Rumpfgeschäftsjahres seiner Bestellung keinen variablen Bestandteil. (Ziffer 4.2.3 DCGK)
2. Das Aktienoptionsprogramm bezieht sich nicht auf Vergleichsparameter und eine Regelung durch den Aufsichtsrat für außerordentliche nicht vorhergesehene Entwicklungen wurde nicht getroffen. (Ziffer 4.2.3 DCGK)
3. Auf Grund der Zusammensetzung des Aufsichtsrats aus nur drei Mitgliedern werden keine Ausschüsse gebildet. (Ziffer 5.3 DCGK)
4. Die Vergütung der Aufsichtsratsmitglieder beinhaltet nur eine feste Vergütungskomponente. (Ziffer 5.4.7 DCGK)

Analytik Jena AG
Jena, 14. Dezember 2006

Für den Vorstand             Für den Aufsichtsrat
Klaus Berka                    Alexander von Witzleben

Corporate Governance 2005

Declaration of Conformity with the German Corporate Governance Code 2005

Joint declaration by the Executive Board and the Supervisory Board of Analytik Jena AG on conformity with the recommendations of the German Corporate Governance Code (GCGC) in accordance with section 161 of the Aktiengesetz (AktG - German Public Companies Act):

Since its last declaration of conformity dated December 9, 2004, Analytik Jena AG has conformed with the recommendations of the Government Commission on the German Corporate Governance Code regarding the management and supervision of companies as amended on May 21, 2003, subject to the deviations mentioned therein.

In future, Analytik Jena AG will conform with the recommendations of the Government Commission on the German Corporate Governance Code as amended on June 2, 2005, with the following exceptions:

1. The stock option program is not related to comparison parameters and the Supervisory Board has not passed a resolution covering extraordinary unforeseen developments (section 4.2.3 of the Code).
2. As the Supervisory Board is composed of only three members, no committees have been formed (section 5.3 of the Code).
3. The compensation of the Supervisory Board members comprises a fixed component only (section 5.4.5 of the Code).

Analytik Jena AG
Jena, December 9, 2005

For the Executive Board            For the Supervisory Board
Klaus Berka                             Alexander von Witzleben

Corporate Governance 2004

Declaration of Conformity with the German Corporate Governance Code 2004

Joint declaration by the executive board and the supervisory board of Analytik Jena AG on conformity with the recommendations of the German Corporate Governance Code in accordance with section 161 of the German Stock Corporation Act (AktG):

Since its last declaration of conformity dated June 15, 2004, Analytik Jena AG has conformed with the recommendations of the Government Commission on the German Corporate Governance Code regarding the management and supervision of companies as amended on May 21, 2003, subject to the deviations mentioned therein. In future, Analytik Jena AG will conform with the recommendations of the Government Commission on the German Corporate Governance Code as amended on May 21, 2003, with the following exceptions:

1. The stock option program is not related to comparison parameters and the supervisory board has not
   passed a regulation covering extraordinary unforeseen developments (GCGC 4.2.3).
2. The compensation of the executive board will continue to be reported on an aggregate basis
   (GCGC 4.2.4.).
3. As the supervisory board is composed of only three members, no committees have been formed
   (GCGC 5.3).
4. The compensation of the supervisory board members comprises a fixed component only and is reported on
   an aggregate basis in the notes to the consolidated financial statements (GCGC 5.4.5).

Analytik Jena AG
Jena, December 9, 2004

On behalf of the Board of Executive Directors      On behalf of the Supervisory Board
Klaus Berka                                                          Alexander von Witzleben

Corporate Governance 2003

Gemeinsame Erklärung des Vorstands und des Aufsichtsrats der Analytik Jena AG zur Einhaltung der Empfehlungen des Deutschen Corporate Governance Kodex (DCGK) gemäß § 161 AktG:

Den Verhaltensempfehlungen der "Regierungskommission Deutscher Corporate Governance Kodex" zur Unternehmensleitung und -überwachung wurde im vergangenen Jahr entsprochen und soll auch künftig entsprochen werden. Die wenigen Ab-weichungen sind der speziellen Struktur und vor allem der effektiveren Wertschöpfung des Analytik Jena Konzerns geschuldet. Die Abweichungen von den Empfehlungen des Deutschen Corporate Governance Kodex werden in den folgenden Punkten benannt.

1. Die in Ziff. 4.2.4 empfohlenen Regelungen zur Gestaltung und Veröffentlichung von Vorstandsvergütungen
   werden auf die gesetzlichen Verpflichtungen (insbesondere gem. §§ 87 AktG, 285 Nr. 9 bzw. 314 Nr. 6 HGB)
   beschränkt. Vorstand und Aufsichtsrat sind diesbezüglich übereinstimmend der Auffassung, dass diese Form des Ausweises für die Gesellschaft angesichts der Höhe der Vorstandsvergütung vollkommen ausreichend ist.
2. Aufgrund der Zusammensetzung des Aufsichtsrates aus nur drei Mitgliedern, wird der Bestimmung des Kodex, die eine Bildung von fachlich qualifizierten Ausschüssen empfiehlt, nicht entsprochen. (Ziff. 5.3 DCGK).
3. Die Vergütung des Aufsichtsrats der Analytik Jena AG orientiert sich ausschließlich an festen Bestandteilen
   (Ziff. 5.4.5 DCGK).
4. Die Fristen von 90 Tagen nach Geschäftsjahresende zur Veröffentlichung des Konzernabschlusses und 45 Tagen nach Ende des Berichtszeitraums für die Veröffentlichung der Zwischenberichte werden letztmalig im
   Geschäftsjahr 2003/2004 von der Analytik Jena AG nicht eingehalten. (Ziff. 7.1.2 DCGK).

Analytik Jena AG Jena, Juni 2004

Für den Vorstand            Für den Aufsichtsrat
Klaus Berka                  Alexander von Witzleben