Declaration of compliance, Section 161 AktG

At the meeting of the Supervisory Board on 4 December 2018, the following declaration of compliance with the German Corporate Governance Code (GCGC) was adopted:

“In accordance with Section 161 of the German Stock Corporation Act (AktG), the Executive Board and Supervisory Board of Deutsche Lufthansa AG declare that between the last declaration of compliance of the German Corporate Governance Code in accordance with the currently valid version (the Code), the recommendations of the Code have, with the following exception, been complied with and will continue to be complied with in future:

In accordance with clause 4.2.3 paragraph 2 of the Code, the total remuneration of the Executive Board members and the variable bonus components are to be capped. The service contracts with Board members cap all the main elements of remuneration, including the fixed salary, the variable bonus and the retirement benefit commitment. However, ancillary benefits at Deutsche Lufthansa AG are not subject to an overall cap. In particular, private flights in line with IATA regulations and with restricted booking status as full-fare passengers should not be capped for members of the Executive Board of Deutsche Lufthansa AG. Since the booking status is restricted, the related ancillary benefit is small. The members of the Executive Board should be able to use the company’s main product and the opportunity to meet employees and passengers on board as widely as possible in line with international practice, including for private travel.”