Within the framework of an inspection ordered by the Commission of the European Communities in Brussels,
representatives of the General Directorate for Competition and of the German Federal Antitrust Authority, Bundeskartellamt, have been carrying out an investigation into Schenker AG in Essen. Similar investigations
have been conducted at Schenker's offices in South Africa, Switzerland and the US by the competent authorities of the various countries.
A number of other international freight forwarding companies have also been targeted by the investigations carried out by the competition authorities in Germany, Switzerland, South Africa and the US. Based on
information emanating from the European Commission, they have reason to believe that the EU Treaty rules with reference to competition may have been violated.
Free and unhampered competition is a top priority for Schenker. Consequently the company has assisted the representatives of the competition authorities in all matters connected with these investigations. Schenker will continue to contribute to the clarification of the facts of the case.