SECURITIES TRANSACTIONS OF OUR MANAGEMENT

Since 1st July 2002, in accordance with Section 15a of the German Securities Trading Act (WpHG), members of the Board of Executive Directors and the Supervisory Board, as well as their spouses, registered partners and first-degree relatives, are required to disclose purchases and sales of shares in Südwestdeutsche Salzwerke AG without delay.

There are currently no disclosures to be made pursuant to Section 15a of the German Securities Trading Act (WpHG).