Combined Management Report of the WACKER Group and of Wacker Chemie AG

In this combined management report, we have merged the management reports of the WACKER Group and Wacker Chemie AG for the first time.

Wacker Chemie AG significantly influences the WACKER Group’s business. For 2010, the consolidated financial statements of Wacker Chemie AG were compiled in accordance with IFRS, and Wacker Chemie AG’s separate financial statements with the German Commercial Code (HGB).