Share Repurchase Offer 2014

Disclaimer

On the following pages, you will find information on the 2014 share repurchase program of RHÖN-KLINIKUM Aktiengesellschaft. The relevant document for the share repurchase program is the Offer Document. The knowledge of the other provided documents and information does not replace the accurate reading of the Offer Document.

The Repurchase Offer is made solely under the law of the Federal Republic of Germany and in accordance with certain applicable provisions of U.S. securities laws. The issuance or disclosure of the Repurchase Offer in accordance with legislation in other jurisdictions than that of the Federal Republic of Germany or the United States of America, or any public advertisement for the Repurchase Offer subject to the regulations of jurisdictions other than the aforementioned shall not take place, are not provided for and not intended. Rhön Shareholders therefore cannot rely on the application of other foreign laws for the protection of investors. Rhön Shareholders resident or ordinarily resident abroad should be aware that outside the Federal Republic of Germany and the United States of America, this Offer Document is not a public purchase offer pursuant to the foreign law applicable there. Publication, dispatch, distribution or dissemination of the Offer Document or a summary or other description of the Repurchase Offer or other information concerning the Repurchase Offer may be subject to the regulations of jurisdictions other than that of the Federal Republic of Germany or the United States, in particular to the limitations applicable there. Publication under a jurisdiction other than that of the Federal Republic of Germany and the United States of America is not intended by the Company. The acceptance of the Repurchase Offer outside the Federal Republic of Germany and the United States of America may be subject to jurisdictions other than the aforementioned. Persons who come into the possession of the Repurchase Offer or other information concerning the Repurchase Offer outside the Federal Republic of Germany or the United States of America, wish to pass it on or who wish to accept the Repurchase Offer are asked to inform themselves about the applicable laws and abide by them. The Company does not guarantee that the publication, dispatch, distribution or dissemination of the Offer Document or the Repurchase Offer outside the Federal Republic of Germany or the United States of America is compatible with the statutory provisions applicable there, which also includes access to the following pages. Furthermore, the Company does not warrant that the acceptance of the Repurchase Offer outside the Federal Republic of Germany or the United States of America is compatible with the relevant applicable statutory provisions. A responsibility of the Company for non-compliance with foreign statutory provisions is expressly excluded.

All information, opinions, intentions and forward-looking statements contained in the Offer Document or the following pages are based, unless otherwise expressly stated, on the currently available information, plans and certain assumptions of the Company at the date of the Offer Document, which are subject to change in the future without notice. In the event of changes to such information, the Company assumes no obligation to update the Offer Document or other information. Statutory disclosure obligations of the Company shall remain unaffected.

The Company points out that its statements and assessments in the Offer Document or the following pages do not bind the Rhön Shareholders and the Offer Document or other information does not purport to be complete. Rather, the Rhön Shareholders must reach their own decision on the acceptance or non-acceptance of the Repurchase Offer on the basis of the Offer Document and the basis of all other sources of knowledge available to them, taking into consideration their individual economic, fiscal and other concerns. For this purpose, they should seek advice if necessary. The Company expressly does not issue a recommendation to the Rhön Shareholders for acceptance or non-acceptance of the Repurchase Offer.