The Supervisory Board of Salzgitter AG

The Supervisory Board supervises and advises the Executive Board in its management of the company. It appoints Executive Board members and plans their successors on a long-term basis. It is involved in material decisions affecting the company which require its approval. The Supervisory Board determines the information and reporting duties of the Executive Board. In addition to the Presiding Committee, it has formed an audit, a strategic and a nomination committee. Alongside its primary tasks, the Audit Committee also concerns itself with issues arising from rules and regulations affecting the company (corporate compliance).

Pursuant to the provisions of the Co-Determination Amendment Act of 1956, applicable to the company since 2008, in conjunction with Section 7 of the company's Articles of Incorporation, the Supervisory Board consists of 21 members, namely 10 shareholder and 10 employee representatives, and one other member. The shareholder representatives and the additional member are elected by the General Meeting of Shareholders.

The Supervisory Board provides detailed information on its activities and decisions in the financial year 2008 in a separate report made to the General Meeting of Shareholders. It did not receive any reports of conflicts of interest, neither from the members of the Executive Board nor from members of the Supervisory Board.