1 PFLEIDERER AG NINE-MONTH FINANCIAL REPORT 2007

total of 10.65 percent of the shares and voting rights of Pfleiderer AG at the September 30, 2007,
reporting date via various investment and asset management companies.
The Group discloses interest-bearing receivables of €2,513 thousand from MSG Musterservice
GmbH, Leutkirch.
Transactions with related party individuals
In accordance with IAS 24, Pfleiderer AG also reports on transactions between Pfleiderer AG and
related party individuals or close members of their families. Related party individuals are defined as
members of the Executive and Supervisory Boards and their families. In addition to their
compensation, members of the Executive Board are also granted other benefits. These primarily
comprise the use of company cars, the reimbursement of traveling expenses, and the reimbursement
of telephone costs. The Executive Board was not granted any new stock option rights in conjunction
with the stock option plan during the first nine months of fiscal 2007.
9. Shareholdings of Executive Board and Supervisory Board members, stock
option plans
As of September 30, 2007, members of Pfleiderer AG’s Executive Board held a total of 170,500
shares and 555,044 stock options. Members of the Supervisory Board held a total of 25,263 shares
and 3,108 stock options.
Members of the Executive Board were not granted any options to subscribe for shares in return for a
contribution of a personal investment as part of Pfleiderer AG's stock option plan during the first three
quarters of 2007.
The Executive Board and the Supervisory Board made a proposal to the Annual General Meeting on
June 13, 2006, to create contingent capital to service the Pfleiderer Stock Option Plan 2006 and to
resolve a new authorization to grant stock options in order to implement this stock option plan. The
proposal was accepted by the Annual General Meeting.
With the approval of the Supervisory Board, Pfleiderer AG has each year since 2001 granted nontransferable
options on shares of the Company members of the Executive Board and senior
executives. Participation in the plans is conditional on the beneficiary making a personal investment.
The strike price for exercise is based on average prices, whereby the stock options can be exercised
at between 110 and 125 percent of the strike price.
A total of 280,610 stock options were "in the money" as of September 30, 2007, and therefore
resulted in a notional dilution of earnings per share.
36 PFLEIDERER AG NINE-MONTH FINANCIAL REPORT 2007