Corporate Governance

Declaration on the German Corporate Governance Code for the Year 2002

The Management Board and the Supervisory Board of Evotec OAI AG stated in accordance with § 161 German Stock Corporation Act (AktG):

"Evotec OAI AG complies with the recommendations of the "Government Commission's German Corporate Governance Code" with the following exception:

For the members of the Management Board and Supervisory Board, there is a directors' and officers' liability insurance policy in place for the year 2002 with no deductible (Code No. 3.8). It is planned to include a suitable deductible with the renewal of the policy."

December 2002

Management Board     Supervisory Board