(as of December 31, 2011)
As in previous years, the majority of LANXESS’s stockholders in 2011
were institutional investors whose strategy is oriented toward growth or
value. At December 31, 2011, these investors held roughly 89 percent
of the stock, a slight increase on the previous year (2010: roughly
88 percent).
Voting Rights Announcement
Some of the investors in this group own a stake of at least three
percent in LANXESS, which they are required to report in mandatory
notices regarding shareholdings in LANXESS. Since 2007, these investors
have included U.S.-based Dodge & Cox. Fidelity and Norway’s
Norges Bank also have reportable holdings. Of the institutional investors
based in Germany, Allianz Global Investors last year reported
holding more than three percent of LANXESS’s voting rights for the
fi rst time (see table on page 64).
In addition to the stakes held by institutional investors, around
11 percent of our shares are in the hands of private investors and
LANXESS employees. This represents a slight decrease from 2010
(around 12 percent). As in the prior year, these investors were primarily
located in Germany.

The United States, United Kingdom and Germany remain the top countries in the regional breakdown of LANXESS’s investors. With a share of about 36 percent (2010: roughly 42 percent), the United States has held the lead since our initial listing. The share held by investors in Germany remained stable in 2011, standing at around 27 percent as of December 31, 2011 (2010: roughly 27 percent).
Investors in the United Kingdom held around 17 percent of our stock on the reporting date (2010: roughly 21 percent). Investors from other European countries, including, in particular, France, Norway, Denmark, Switzerland and the Netherlands, increased their share signifi cantly to 18 percent, from nine percent in 2010. Last year, we strengthened our investor communications and roadshow activities to other European countries in addition to the major global financial centers (see Investor Relations Activities).
