Closure of TSTG Schienen Technik GmbH & Co KG

As already set forth in the Annual Report 2012/13, negotiations with employee representatives regarding reconciliation of interests and a social compensation plan for the remaining approximately 350 employees, which were initiated after the resolution by the Management Board in March 2012 to close the rail production of TSTG Schienen Technik GmbH & Co KG in Duisburg, were successfully completed in May 2013. The final closure took place as scheduled in the fourth calendar quarter of 2013 after all still remaining orders were completed (regarding provisions formed for the closure, please see the section “Antitrust proceedings relative to railway superstructure material.”)