Analysts recommendations

The recommendations published by financial analysts are an important guide for institutional as well as private investors when making investment decisions. According to our survey, as of February 19, 2010 we were rated with 22 “buy” recommendations, 3 “hold” recommendations, and 2 “sell” recommendations. This reflects analysts’ confidence in the long-term earning power of the Fresenius Group and the potential both for our business and for our shares. The following table lists the banks which provide regular analyst coverage of Fresenius and their latest recommendations.