Share Buyback

For the further optimization of Daimler’s capital structure, the Board of Management of the company decided to carry out a new share buyback program. The Supervisory Board of Daimler AG has approved this decision. In exercise of the authorization granted by the Annual Meeting of April 9, 2008, the decision of the Board of Management allows for the buyback of 10% or approximately 96.4 million of the outstanding shares for a maximum amount of EUR6 billion. In order to optimize the buyback, shares may also be acquired with the use of derivatives.

Daimler’s capital structure is to be further optimized with the goal of reducing the use of equity capital, which is more expensive than debt capital. This will avoid investment decisions being limited by excessively high capital costs.

The share buyback program will be carried out on the stock exchange, whereby derivatives may also be traded outside the stock exchange. The Board of Management decision limits the period of the share buyback until the Annual Meeting on April 8, 2009. The shares acquired will later be cancelled without any reduction in Daimler’s share capital. It will also be possible to use some of the shares to serve stock option plans.

In line with the decision by the Board of Management, the share buyback will be managed by a bank, which will make its decisions on the timing of individual share purchases and the use of derivatives independently and without any influence from Daimler AG.

The company started its first share buyback program at the end of August 2007. By March 28, 2008, 99.8 million shares had been bought back for EUR6.2 billion.

The table below shows the development of the share buy back program:

Share Buyback based on the Authorization of the 2008 Annual Meeting
Period	No. of Shares Acquired	Average Price (EUR)	Purchased Volume (EUR)
Total	23,900,000	39.56	945,556,086.63
August 11 - 15, 2008	1,865,000	42.09	78,499,393.88
August 4 -8, 2008	1,385,000	38.69	53,591,477.19
August 1, 2008	250,000	36.45	9,111,850.00
July , 2008	13,850,000	38.14	528,276,884.47
June 2008	6,550,000	42.15	276,076,480.09