Recommendation for the approval of the annual financial statements and the appropriation of the profit of Henkel AG & Co. KGaA

It is proposed that the annual financial statements of Henkel AG & Co. KGaAAbbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).
be approved as presented and that the unappropriated profit of 345,171,082.50 euros for the year ended December 31, 2011 be applied as follows:

a) Payment of a dividend of 0.78 euros per ordinary share 
(259,795,875 shares)= 202,640,782.50 euros
b) Payment of a dividend of 0.80 euros per preferred share
 
(178,162,875 shares)= 142,530,300.00 euros
 345,171,082.50 euros

According to Section 71 German Stock Corporation Act [AktG], treasury shares do not qualify for a dividend. The amount in unappropriated profit which relates to the shares held by the corporation (treasury stock) at the date of the Annual General Meeting will be carried forward as retained earnings. As the Annual General Meeting can change the number of such treasury shares, a correspondingly adapted proposal for the appropriation of profit will be submitted to it, providing for an unchanged payout of 0.78 euros per ordinary share qualifying for a dividend and 0.80 euros per preferred share qualifying for a dividend, with corresponding adjustment of the other retained earnings and retained earnings carried forward to the following year.

Düsseldorf, January 27, 2012

Henkel Management AG
(Personally Liable Partner of Henkel AG & Co. KGaAAbbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).
)

Management Board