Long Term Incentive Plan (LTI) from FY 2014/15

The term of the LTI is three fiscal years (performance period).

At the beginning of the performance period, an initial value in euros is determined for each participant. This initial value is divided by the average price of thyssenkrupp shares in the first quarter of the first fiscal year of the performance period to give the number of stock rights for the participant.

The number of stock rights granted is adjusted at the end of the performance period according to the development of the Group's TKVA. The average TKVA over the performance period is compared with the set TKVA target value (determination by supervisory board of TKAG).

For participants every €200 million increase in average TKVA increases the number of stock rights by 10%; every €200 million decrease in average TKVA decreases the number of stock rights by 20%.

The final number of stock rights, adjusted to reflect the change in TKVA, forms the basis for the payout.

The stock rights are paid out in gross amounts after the plan ends based on the average thyssenkrupp share price in the first quarter of the fiscal year following the performance period.

The payout is limited to a maximum of 2.5 times the awarded initial value in euros.

Eligible to participate in the plan are Executive Board members and other selected executives of the thyssenkrupp Group worldwide.

A decision on the LTI plan specifics (participants, TKVA target value etc.) is made each year.