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The following banks and security firms cover Beiersdorf AG on a regular basis. The list is by no means complete.

Please note that Beiersdorf AG has no influence whatsoever on the opinions, estimates, or forecasts given by the above-mentioned institutions or their employees about Beiersdorf AG or its performance. They are provided for information purposes only and do not represent the opinions, estimates, or forecasts of Beiersdorf AG, but are exclusively attributable to the above-mentioned institutions or their employees.

Reference to these institutions in no way constitutes the confirmation or approval of the content of the research prepared by these institutions or their employees. On no account does this compilation constitute an invitation or solicitation to buy, sell, or hold shares of Beiersdorf AG or any other recommendation for an investment decision.

Beiersdorf AG is not obliged to update or supplement the above information and makes no representation or warranty as to the accuracy and completeness of this list.