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Shareholder structure

The following describes the shareholder structure by the end of 2011. The Else Kröner-Fresenius-Stiftung was the largest shareholder of Fresenius SE & Co. KGaA, with approximately 29% of the shares. In addition, we received several notifications pursuant to the German Securities Trading Act (WpHG). For further information on these notifications, please see the Notes.

As of December 31, 2011, a shareholder survey identified the ownership of about 90% of our subscribed capital. According to this survey, a total of 425 institutional investors held about 90.2 million shares (55% of subscribed capital). 9.2 million shares were identified as retail holdings. The top ten investors held 19% of the share capital. Our shares were mostly held by investors in Germany, Great Britain, and the United States.

The performed survey showed that our shareholder base is solid also after the conversion. This confirms we are right in pursuing our path of intensifying the dialogue with institutional investors and conduct our roadshow activities in Europe and the United States.

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