Shareholder structure of METRO AG

The shareholders Haniel, Schmidt-Ruthenbeck and Beisheim are the major shareholders of METRO AG. According to information available to METRO AG based on the notifications of voting rights according to the German Securities Trading Act (WpHG), they held 49.868 per cent of the voting rights as of 30 September 2016. As a result the three major shareholders hold the following shares of voting rights: The Haniel shareholder group is METRO AG’s largest shareholder with a voting share of 24.996 per cent. The Schmidt-Ruthenbeck shareholder group is METRO AG’s second-largest shareholder, with a share of voting rights of 15.772 per cent. The Beisheim shareholder group is METRO AG’s third-largest shareholder, with 9.100 per cent of the voting rights.

In addition, the Haniel shareholder group informed METRO AG that it had issued an exchangeable bond due in May 2020. The bond is linked to about 12 million METRO shares, or about 4 per cent of the company’s share capital. If it were fully exercised, Haniel’s interest in METRO AG would decline accordingly in the future.

METRO AG’s free-float share of 50.132 per cent is divided among a large number of national and international investors. Voting right notifications from fund management firms and other publicly available data sources indicate that US and British investors account for the largest share of institutional investors, followed by investors from France, the Bahamas and Germany. According to a notification of voting rights dated 20 November 2012, the mutual fund company Franklin Mutual Advisers remains METRO AG’s largest institutional investor, with a 3.06 per cent share of the voting rights. According to a voting rights announcement dated 11 September 2014, the investment company Templeton Global Advisors Limited holds nearly the same share of voting rights at 3.04 per cent. In addition, Franklin Mutual Series Funds notified the company on 16 July 2015 that it held 3.001 per cent of the voting rights. According to the information available to METRO AG, the share of voting rights of 3.001 per cent that is directly held by Franklin Mutual Series Funds is included in the share of voting rights of 3.06 per cent indirectly held by Franklin Mutual Advisers that was disclosed in the voting rights notification released on 20 November 2012.

The ten largest institutional investors hold about 37 per cent of the free float. In addition, METRO AG’s shareholder base includes an estimated 70,000 retail investors.