Declaration of Conformity

 

The Management Board and Supervisory Board of Deutsche Wohnen SE (“Company”) have carefully reviewed the Company’s compliance with the recommendations of the German Corporate Governance Code (“Code”) and make the following declaration of conformity under section 161(1) of the German Stock Corporation Act (Aktiengesetz, “AktG”):

Since its last declaration of conformity in March 2024, the Company has complied with all recommendations of the Government Commission on the German Corporate Governance Code as published in the Federal Gazette on 27 June 2022, with the exception of G.10 and will continue to comply with the recommendations with the exception of G.10.

• G.10
  Recommendation G.10 was not and will not be complied with. According to recommendation G.10, first sentence, Management Board members’ variable remuneration is to be predominantly invested in company shares by the respective Management Board member or is to be granted predominantly as share-based remuneration, taking the respective tax burden into consideration. In accordance with the remuneration system approved by the Annual General Meeting on 2 June 2022 and the adjusted remuneration system as presented to the Annual General Meeting on 6 May 2024, the members of the Management Board receive their remuneration entirely in cash.

Berlin, 02 March 2025

On behalf of the Management Board		On behalf of the Supervisory Board
Lars Urbansky		Fabian Heß
Chief Executive Officer		Chair of the Supervisory Board