Share-price relevant figures relate to the closing price in Xetra® trading on the Frankfurt Stock Exchange.
[1] The calculation of the theoretical number of shares is based on the fact that the general partner's equity capital is not represented by shares. As the share capital of € 168.0 million as of December 2010 was divided into 64.6 million shares, the corresponding calculation for the general partner's capital of € 397.2 million resulted in 152.8 million theoretical shares.
[2] Based on the theoretical number of shares on December 2010
In 2010, an average of about 574,000 Merck shares were traded daily on the trading platforms of Deutsche Börse. On February 23, the date on which we published the annual results for 2009 and the outlook for 2010, 4.4 million Merck shares changed hands, making this the record-high trading day for 2010. Generally, the tradability of shares, expressed as the liquidity or the trading volume, is an important indicator that influences not only the buying behaviour of investors, but also serves, in addition to the free-float market capitalization, as a key criterion in the composition of share indices. Based on a free-float market capitalization of EUR 3,868 million, Merck shares ranked 32nd among the largest German DAX companies at the end of the year. Based on a trading volume of EUR 9,226 million over the past 12 months, Merck shares took 28th place.