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Directors' Dealings

Effective October 30, 2004, according to Article 15a of the German Wertpapierhandelsgesetz - WpHG, members of QSC AG´s Executive Board and Supervisory Board must report the purchase or sale of QSC shares or corresponding rights (eg., purchase or sale options of QSC shares). Spouses, legal partners, as well as immediate relatives of board members are also required to disclose QSC share activities. Disclosure requirements are also not applicable for share business that does not exceed a total value of € 5,000 within calendar year period. To date, QSC AG has filed following report:

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