MANAGEMENT REPORT CORPORATE GOVERNANCE DECLARATION PURSUANT TO § 289F HGB Pursuant to § 289f of the German Commercial Code In accordance with § 289b (2) sentence 2 HGB, (Handelsgesetzbuch, "HGB"), listed German stock Borussia Dortmund GmbH & Co. KGaA is exempt corporations (Aktiengesellschaften) must prepare a from preparing a non-financial statement. corporate governance declaration. This declaration includes the declaration of conformity with the The separate non-financial report is published online German Corporate Governance Code, and presents at https://aktie.bvb.de/eng/Corporate-Governance/ the corporate governance practices and the working sustainability-report.* principles of the management and the Supervisory Board and its committees. The corporate governance declaration is not included in the management report and is instead published online at * In accordance with the statutory requirements, KPMG AG Wirtschaftsprüfungsgesellschaft has neither substantively https://aktie.bvb.de/eng/Corporate-Governance/ audited the cross-references nor the information to which the Corporate-Governance-Declaration.* cross-references refer. 49