Since 1999 STADA has owned 60% of the shares in the Thailand-based sales company
STADA Asiatic Company, Ltd. in Bangkok.
In Thailand, sales decreased by 9% applying the exchange rates of the previous year. In euro, sales declined by 5% to EUR 0.6 million (1-3/2011: EUR 0.6 million).
| 1) | Sales below EUR 0.05 million were rounded to EUR 0.0 million. |