Lufthansa's declaration of Compliance from 23 September 2022

With effect of 23 September 2022 Executive Board and Supervisory Board have adopted the following declaration of compliance with the German Corporate Governance Code (GCGC):

“In accordance with Section 161 AktG, the Executive Board and the Supervisory Board of Deutsche Lufthansa AG declare that since the last declaration of compliance, the recommendations of the German Corporate Governance Code as amended have been complied with the following exceptions and will continue to be complied with in future with the following exceptions:

According to Recommendation C.5 of the Code, Supervisory Board members being an Executive Board member of a listed company shall not hold more than two Supervisory Board mandates in non-group listed companies or similar bodies. Mrs. Titzrath currently holds a total of three such Supervisory Board mandates. Mrs. Titzrath has declared to Deutsche Lufthansa AG that she has sufficient time to perform her Supervisory Board duties and that she can perform these duties with due regularity and care.

In addition, restrictions on the implementation of the recommendations on the remuneration of the Executive Board in Section G of the Code resulted from the significant restrictions on Board remuneration within the framework agreement between Deutsche Lufthansa AG and the Economic Stabilization Fund. In particular, the members of the Executive Board were not allowed to receive bonuses or other variable or comparable compensation components during the agreed stabilization measures. With the final termination of the stabilization measures as of 13 September 2022 the compensation system of the Executive Board is applicable again without restrictions so that the recommendations in Section G of the Code will be complied with again.“

Lufthansa's declaration of Compliance from 21 September 2021

With effect of 21 September 2021 Executive Board and Supervisory Board have adopted the following declaration of compliance with the German Corporate Governance Code (GCGC):

“In accordance with Section 161 AktG, the Executive Board and the Supervisory Board of Deutsche Lufthansa AG declare that since the last declaration of compliance, the recommendations of the German Corporate Governance Code as amended have been complied with the following exceptions and will continue to be complied with in future with the following exceptions:

According to Recommendation C.5 of the Code, Supervisory Board members being an Executive Board member of a listed company shall not hold more than two Supervisory Board mandates in non-group listed companies or similar bodies. Mrs. Titzrath, who has been appointed by the Economic Stabilization Fund according to the Framework agreement between Deutsche Lufthansa AG and the Economic Stabilization Fund currently holds a total of three such Supervisory Board mandates. Mrs. Titzrath has declared to Deutsche Lufthansa AG that she has sufficient time to perform her Supervisory Board duties and that she can perform these duties with due regularity and care.

In addition, restrictions on the implementation of the recommendations on the remuneration of the Executive Board in Section G of the Code result from the significant restrictions on Board remuneration within the framework agreement between Deutsche Lufthansa AG and the Economic Stabilization Fund. In particular, the members of the Executive Board may not receive bonuses or other variable or comparable compensation components during the agreed stabilization measures. Subject to the contractual restrictions on the compensation of the Executive Board, the Supervisory Board will review its appropriateness at regular intervals in view of its competence under stock corporation law.”