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People Performance Development Corporate Values Guide 2014

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Our Corporate Values

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Menschlichkeit Act with social responsibility Play an active role in Knauf Build an inclusive Knauf community Treat each other with fairness and respect Partnership Take on individual responsibilities and make decisions Encourage new ideas Establish and retain mutual trust and loyalty Act as one team Commitment Grow and develop our people Enjoy striving to be the best Go the extra mile Encourage people to take ownership and responsibility Entrepreneurship Think and act outside the box Drive change and innovation Be pragmatic and take calculated risks Take initiatives and be results-oriented Our Corporate Values

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Living according to the 4 values of Knauf and leaving your mark I am Knauf I AM KNAUF MenschlichkeitPartnership Commitment Entre- preneurship Four values make us unique: Menschlichkeit Everything we do, every decision we take, we have the well-being of everyone in society in mind Partnership We act as a team and support each other Commitment I am committed to my work and the results of my work Entrepreneurship How we get to be successful The uniqueness of Knauf

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The value Menschlichkeit MENSCHLICHKEIT

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Menschlichkeit Treat each other fairly and embrace diversity Principles of Menschlichkeit Play an active role in Knauf Act with social responsibility Build an inclusive Knauf community Treat each other with fairness and respect "We see our colleagues, our business partners and our stakeholders as part of a big family where traditional principles of integrity and humanity still count. By treating each other fairly and by embracing diversity, together we act with social responsibility. We take care of each other, for society and for the environment."

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The value Partnership PARTNERSHIP

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Partnership See each other as one team Principles of Partnership "We work to create an environment of mutual trust. This means that we are encouraged to take on individual responsibility and make decisions, because we trust each others judgment. We are one team. We are loyal. We support each other and all the members of the Knauf community." Encourage new ideas Take on individual responsibilities and make decisions Establish and retain mutual trust and loyalty Act as one team

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The value Commitment COMMITMENT

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Commitment Going one step further than needed Principles of Commitment "We are committed to our work, our colleagues and our community. Taking pride and pleasure in what we do comes naturally to us. We always go the extra mile, achieve sustainable results and provide our customers with high quality solutions. Knauf offers real opportunities for personal growth and development helping create a successful team." Grow and develop our people Enjoy striving to be the best Go the extra mile Encourage people to take ownership and responsibility

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The value Entrepreneurship ENTREPRENEURSHIP

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Entrepreneurship Entrepreneurial mindset runs in the family Principles of Entrepreneurship "Through an entrepreneurial style and a willingness to take risk, we have successfully grown from a small family company into a family-owned, globally active organisation. Our continued success is driven by a spirit of pioneering, innovation and change combined with a pragmatic and results oriented approach." Drive change and innovation Think and act "outside the box" Be pragmatic and take calculated risks Take initiatives and be results- oriented