Remuneration report

The following report describes the remuneration received by the Management Board and the Supervisory Board of METRO AG for financial year 2013/14 (1 October 2013 to 30 September 2014) compared with the short financial year 2013 (1 January 2013 to 30 September 2013) paid in accordance with the standards laid down by the German Commercial Code (HGB) and the German Corporate Governance Code. It outlines the system of compensation for the Management and Supervisory Boards and contains information about share-based compensation for METRO GROUP executives.

The remuneration system for the Management Board is approved by the Supervisory Board of METRO AG and is prepared by its Personnel Committee. The current remuneration system, including the performance-based remuneration scheme with a long-term incentive effect (sustainable performance plan) that was introduced at the beginning of financial year 2013/14, was approved by a majority of 98.43 per cent at the Annual General Meeting held on 12 February 2014.