Change of legal form

This legal form establishes conditions necessary for further improved corporate governance and contributes to strengthening the international focus of the business of the GL Group. The transformation into an SE is now completed with the entry into the Commercial Register at Hamburg's local court. The headquarters and chief administrative offices of Germanischer Lloyd remain in Hamburg.

The transformation process took place over a period of one year. A new group of European employee representatives will be established, comprising members from several European countries. Germanischer Lloyd SE will copy the dual structure of Germanischer Lloyd AG, consisting of the Executive Board and the Supervisory Board. The Supervisory Board of Germanischer Lloyd SE consists of an unchanged nine members, with six shareholder and three employee representatives.