Directors' Dealings

With commencement of the Fourth Financial Market Promotion Act (Viertes Finanzmarktförderungsgesetz) on July 1, 2002, members of the management and supervisory board as well as persons that have executive functions in the Company are obliged by the German Securities Trading Act (Wertpapierhandelsgesetz) to report all trades in the Company's shares if they exceed EUR 5,000 within one calendar year. This obligation includes exercising stock options or purchase rights on Interhyp AG shares. The duty to report trades also extends to spouses, registered domestic partnerships, dependent children and other relatives who belong to the household for at least one year before the trading date.

In 2010 no directors' dealings have been reported.