INFORM | First half of 2019

Dear Sir or Madam, In the first half of 2019, we increased our sales revenues by 3.7% compared to the prior year period. All segments contributed to this growth. The Wound Management segment has developed particularly dynamically. Here we achieved growth that was well above the Group average thanks to innovative wound treatment concepts. KNEIPP Group’s modern bath and body care products were another key driver behind the success. We were able to achieve an EBIT of EUR 53.4 million in the first half of the year, representing a year-on-year decline of EUR 7.7 million and an EBIT margin of 5.0% (previous year 5.9%). The lower EBIT margin is mainly attributable to higher raw material cost. With various strategic measures to further develop our growth and earnings strength, we intend to sustainably counteract this rise in cost. We reaffirm our full year targets for 2019. Despite difficult underlying economic conditions, we continue to forecast a moderate sales growth along with an EBIT of between EUR 102 and 112 million. With an equity ratio of 56.1% as of the half year reporting date, our financial position continues to be solid. We specifically invest in key technologies and innovations in order to create added value for our customers and to further strengthen our customer orientation. With last July’s acquisition of Safran Coating, one of Europe’s leading manufacturers of silicone coatings, we aim to strengthen our competitive position in the Advanced Wound Care business and offer an even wider and more innovative product portfolio. HARTMANN has been shaping the history of medical care for over 200 years and has been a driving force on the market on many occasions. We will continue to do everything in our power to continue this tradition in a successful way. Yours sincerely, PAUL HARTMANN AG Britta Fünfstück Stephan Schulz 2 Inform in the first half of 2019 | To our shareholders Contents To our shareholders 2 At a glance 3 Business development 4 HARTMANN share 6 Outlook 6 A European study and roadshow: Incontinence Management raises its profile in the end customer business 7 News from the HARTMANN GROUP 9 Imprint 12