Notification concerning transactions by persons performing managerial responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a company of EquityStory AG. The person with duty of notification is solely responsible for the content of this announcement.

Details of the person subject to the disclosure requirement Last name: Hansen First name: Nils Company: Nils Hansen

Position: Member of an administrative or supervisory body

Information about the transaction with duty of notification

Description of the financial instrument: share ISIN/WKN of the financial instrument: DE 0007757007 Type of transaction: purchase Date: 18.08.2011 Price: 15.43695 Currency: EUR No. of items: 2375 Total amount traded: 36662.76 Place: Xetra

Information about the company with duty of publication

Issuer: H&R AG Neuenkirchener Str. 8 48499 Salzbergen Deutschland ISIN: DE0007757007 WKN: 775700

End of Directors' Dealings Notification (c) DGAP 19.08.2011

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