The Austrian Corporate Governance Code

The purpose of the Austrian Corporate Governance Code is to promote responsible management and supervision of companies with the aim of long-term value creation. It incorporates not only all internationally accepted standards for good governance but also all those regulations of Austrian corporation law that are of significance in this context.

Statement to the Austrian Corporate Governance Code

Austrian Post is committed to abide by the current and valid version of the Austrian Corporate Governance Code, in the spirit of ensuring a responsible and transparent management of the company. Austrian Post adheres to all “L-Rules” (legal requirements), and also all of the “C-Rules” (Comply or Explain) contained in the Austrian Corporate Govern ance Code, with the exception of those rules specified below:

Rule 39: In urgent cases, the Supervisory Board is authorised to make decisions by circulation procedure. Moreover, the by-laws of the Supervisory Board stipulate that meetings may be convened in particularly urgent cases without adhering to the specified period of advance notice.

Rule 41: The duties of the nominating committee are assumed by the presidential committee, so that an appropriate forum is assured.

Rule 43: The duties of the compensation committee are assumed by the executive committee of the Supervisory Board, so that an appropriate forum is assured.