2 Shareholders and the General Meeting

2.1 Shareholders

2.1.1 
Shareholders exercise their rights at the general meeting and vote there.

2.1.2 
In principle, each share carries one vote. There are no shares with multiple voting rights, preferential voting rights (golden shares), or maximum voting rights.

2.2 General meeting

2.2.1 
The executive board submits to the general meeting the annual financial statements and the consolidated financial statements. The general meeting resolves on the appropriation of net income and on ratification of the acts of management of the executive board and of the supervisory board, and it selects the shareholders' representatives to the supervisory board and, as a rule, the auditor.
Furthermore, the general meeting resolves on the articles of association, the object of the company, amendments to the articles of association and essential corporate measures, such as, in particular, inter-company agreements and changes of corporate form, the issuing of new shares, of convertible bonds and of bonds with warrants, and the authorization to purchase own shares.

2.2.2 
In issuing new shares, shareholders, in principle, have purchase rights corresponding to their share of the equity capital.

2.2.3 
Each shareholder is entitled to participate in the general meeting, to take the floor on matters on the agenda and to submit relevant questions and proposals.

2.2.4 
The chair of the meeting ensures that the items on the agenda of the general meeting are dealt with swiftly. In this, the chairman should be guided by the fact that an ordinary general meeting ends after 4 to 6 hours at the latest.

2.3 Invitation to the general meeting, proxies

2.3.1 
The shareholders' General Meeting is to be convened by the Management Board at least once a year, with details of the agenda being given. Shareholder minorities are entitled to demand that a General Meeting be convened and items added to the agenda. The management board shall publish the reports and documents, including the annual report, required by law for the general meeting in an easily accessible way on the company's internet site together with the agenda.

2.3.2 
The company shall send notification of the convening of the general meeting together with the convention documents to all domestic and foreign financial services providers, shareholders and shareholders’ associations by electronic means if the approval requirements are fulfilled.

2.3.3
The company shall make arrangements to make it easier for shareholders to exercise their voting rights in person. The company shall also assist the shareholders with regard to proxies. The executive board shall arrange the appointment of a representative to exercise shareholders' voting rights in accordance with instructions. This representative should also be available for contact during the general meeting.
The representative to exercise voting rights in accordance with instructions is available for contact only before the start of the general meeting of Krones AG.

2.3.4
The company should make it possible for shareholders to follow the general meeting using modern means of communication (e.g. internet)