Remuneration report

This remuneration report forms an integral part of the combined management report for KION GROUP AG. In accordance with statutory requirements and the recommendations of the German Corporate Governance Code (DCGK) as amended on 5 May 2015, the report explains the main features and structure of the remuneration system used for the Executive Board and Supervisory Board of KION GROUP AG and also discloses the remuneration of the individual members of the Executive Board and Supervisory Board for the work that they carried out on behalf of the Company and its subsidiaries in 2016. The report also reflects the requirements of German accounting standard (GAS) 17 and HGB.

KION GROUP AG considers that transparency and clarity surrounding both the remuneration system itself and the remuneration of the individual members of the Executive Board and Supervisory Board are fundamental to good corporate governance.