Rieter

Statutory and Group auditors

Duration of mandate and term of office of the lead auditor

PricewaterhouseCoopers AG, Zurich (PwC), have been the statutory and group auditors of Rieter Holding Ltd. and the Rieter Group since 1984. Most of the companies in the Rieter Automotive Systems Division are audited by KPMG. Urs Honegger has officiatedas lead auditor for the Rieter mandate at PwC since 2009.

Audit fees and additional fees

PwC, KPMG and other auditors charged the Rieter Group approximately 2.0 million CHF (2.9 million CHF in 2008) for services in connection with auditingthe annual financial statements of the group companies and Rieter’s consolidated accounts in the 2009 financial year. PwC, KPMG and other auditorsinvoiced some 0.8 million CHF (1.3 million CHF in 2008) for additional services. 0.3 million CHF (0.3 million CHF in 2008) of this total were for auditrelated services, and 0.5 million CHF (0.6 millionCHF in 2008) for tax consulting.

Supervisory and monitoring instruments regarding the auditors

The audit committee of the Board of Directors makes an annual assessment of the performance, fees and independence of the statutory and group auditors. It submits a proposal to the Annual General Meeting regarding who should be elected as statutory auditors.