Declaration of Commitment to the ACCG

Lenzing AG respects the ACCG and, for the first time in 2010, committed itself to compliance with the documented provisions. The Supervisory Board also passed a unanimous resolution to adhere to the ACCG in full. The current version of the code is available on the Internet at https://www.corporate-governance.at.

Lenzing AG and its executives fulfil all binding L-rules (‘Legal Requirements’) and comply with all C-rules with one exception as described below.

C-Rule 27 of the ACCG is the only rule that is not fully complied with, as no non-financial criteria have been established in one board member’s contract. The explanation is provided in Chapter “Remuneration of the Managing Board and the Supervisory Board”. In accordance with L-Rule 60 of the ACCG, Lenzing AG is required to prepare and publish a Group Corporate Governance Report. The Group Corporate Governance Report of Lenzing AG also represents the Corporate Governance Report for the Lenzing Group.

This Corporate Governance Report is published on the website of Lenzing AG in accordance with C-Rule 61 of the ACCG at https://www.lenzing.com/investors/corporate-governance/evaluations-reports.