In financial year 2009/2010, there were a number of changes to the membership of the Supervisory Board. Mr. Alfred Hack stepped down from the Supervisory Board on entering the passive period of his early retirement arrangement on 31 December 2009. His successor, Mr. Horst Thelen, was appointed a member of the Supervisory Board in a ruling by the Düsseldorf local court dated 12 February 2010. Mr. Klaus Ginsel also stepped down from the Supervisory Board of Demag Cranes AG on retiring on 30 April 2010. His successor, Mr. Harry Hansen, was appointed to the Supervisory Board of Demag Cranes AG in a ruling by the Düsseldorf local court dated 26 April 2010.

There were further changes to the membership of the Supervisory Board in current financial year 2010/2011. Following Dr. Martin Posth’s resignation from the Supervisory Board with effect from 15 October 2010, Mr. Jens Tischendorf was appointed a member of the Supervisory Board in a ruling by the Düsseldorf local court dated 22 October 2010. Mr. Tischendorf was appointed by the court to serve until the close of the next Annual General Meeting on 2 March 2011. Dr. Posth will remain available to the Company as a consultant.

We would like to thank the former members of the Supervisory Board for their constructive and successful cooperation over the last few years.