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Antitrust proceedings relative to railway superstructure material

As of December 31, 2013, the provisions recognized in the annual financial statements 2012/13 in the amount of EUR 204.4 million for the antitrust proceedings and associated actions and costs as well as for the closure of TSTG Schienen Technik GmbH & Co KG were reduced by the amount of the compensatory damages paid for direct and indirect rail deliveries to Deutsche Bahn and by the costs involved in the closure of TSTG Schienen Technik GmbH & Co KG. All the remaining provisions were adjusted as of December 31, 2013 in accordance with the current estimate, resulting in non-recurring income (balance of reversal and appropriation) of EUR 7.3 million.

Please note that we are invoking the safeguard clause in accordance with IAS 37.92, according to which detailed information about provisions is not provided if this could seriously and adversely impact the Company’s interests.

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  • Share price as of December 31, 2013 (euros) 34.93    EPS – Earnings/share (euros) 2.61    Dividend/share (euros) 0.90
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