Dependency Report

Final declaration from the Executive Board's report on relations with affiliated companies pursuant to Section 312 of the German Stock Corporation Act (Aktiengesetz – AktG)
In fiscal 2010, Continental AG was a dependent company of Schaeffler GmbH, Herzogenaurach, as defined under Section 312 AktG. In line with Section 312 (1) AktG, the Executive Board has prepared a report on relations with affiliated companies, which contains the following final declaration:

"We declare that the company received an appropriate consideration for each transaction listed in the report on relations with affiliated companies from January 1 to December 31 under the circumstances known at the time the transactions were made or the measures were taken. To the extent the company suffered any detriment thereby, the company was granted the right to an appropriate compensation before the end of the 2010 fiscal year. The company did not suffer any detriment because of taking or refraining from measures."

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