On 25 January 2012, the European Commission concluded the formal state aid investigation that it had initiated on 12 September 2007. The issues are described in detail in the Notes. According to its decision, the Commission is requiring Deutsche Post AG to repay this state aid to the Federal Republic of Germany in the amount of €500 million to €1 billion, plus interest. No other state aid proceedings involving the Group are pending at the European Commission. Deutsche Post AG is of the opinion that the European Commission’s decision of 25 January 2012 cannot withstand legal review and will appeal to the European Court of Justice in Luxembourg. Accounting will take place in accordance with the envisaged procedures.