The subscribed capital (capital stock) of Wacker Chemie AG amounts to € 260,763,000. It consists of 52,152,600 no-par-value shares (total). This corresponds to a notional par value of € 5 per share. There are no different classes of shares. All of the shares are common shares.

In the course of the IPO in April 2006, the number of shares outstanding increased due to the sale of some shares previously held as treasury shares. The following table shows the development in the year under review and in the previous year:

For more information on Wacker Chemie AG’s shareholder structure, please refer to Note 24 – Related Party Disclosures.

Capital reserves include the amounts generated with share issues over and above their nominal values in previous years, as well as other contributions made to equity.

Retained earnings include the amounts set aside at Wacker Chemie AG in previous fiscal years, transfers from the Group’s earnings for the year, the earnings of the consolidated companies less amounts due to non-controlling interests, changes to consolidated items affecting income, and changes in the scope of consolidation.

The differences arising from the translation of the financial statements of foreign subsidiaries with reporting currencies other than the euro – and the effects of the valuation of financial instruments and pensions with no immediate effect on income – are recognized in other equity items.

The net result attributable to non-controlling interests is made up of the following profits and losses:

In managing its capital, Wacker Chemie AG complies with the legal stipulations on capital maintenance. The company’s Articles of Association do not stipulate any capital requirements. No special capital terminology is used.

The Group’s policy on dividends is generally oriented toward distributing at least 25 percent of net income to shareholders, assuming the business situation allows this and the corporate bodies responsible agree.