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Sennheiser EN

Consolidation Size of holding in % Currency Share of capital in thousand units Full consolidation Sennheiser electronic GmbH & Co. KG, Wennebostel, Germany - EUR 5,200 - Georg Neumann Gesellschaft mit beschränkter Haftung, Berlin, Germany 100.0 EUR 8001 - K + H Vertriebs- und Entwicklungsgesellschaft mbH, Wedemark, Germany 100.0 EUR 251 - Sennheiser Audio Labs GmbH, Wedemark, Germany 100.0 EUR 251 - Sennheiser Consumer Electronics GmbH, Wedemark, Germany 100.0 EUR 12,1911 - Sennheiser New Mexico LLC, Albuquerque, USA 100.0 USD 5,000 - Sennheiser Manufacturing USA Corp., Albuquerque, USA 100.0 USD 2 - Sennheiser Bondholding Company LLC, Albuquerque, USA 100.0 USD 2 - Sennheiser Global Operations GmbH, Wedemark, Germany 100.0 EUR 3,501 - Sennheiser Audio OOO, Moscow, Russia 100.0 RUB 3,340 - Sennheiser Australia Pty Ltd., Chatswood, Australia 100.0 AUD 0 - Sennheiser New Zealand Ltd., Auckland, New Zealand 100.0 NZD 3 - Sennheiser Belux B.V.B.A., Zellik, Belgium 100.0 EUR 150 - Sennheiser (Canada) Inc., Pointe-Claire, Canada 100.0 CAD 230 - Sennheiser Electronic Asia Pte. Ltd., Singapore 100.0 USD 338 - Sennheiser Electronic Corporation, Old Lyme, USA 100.0 USD 2 - Sennheiser Electronics (Beijing) Co., Ltd., Beijing, China 100.0 CNY 6,856 - Sennheiser Electronics India Private Limited, Haryana, India 100.0 INR 70,000 - Sennheiser France SAS, Ivry sur Seine, France 100.0 EUR 305 - Sennheiser Hong Kong Ltd., Hong Kong, China 100.0 HKD 10 - Sennheiser Innovation (Schweiz) AG, Zurich, Switzerland 100.0 CHF 100 - Sennheiser Japan K.K., Tokyo, Japan 100.0 JPY 90,000 - Sennheiser Mexico S.A. de C.V., Mexico City, Mexico 100.0 MXN 215 - Sennheiser Nederland B.V., Almere, Netherlands 100.0 EUR 182 - Sennheiser Nordic A/S, Copenhagen, Denmark 100.0 DKK 1,000 - Sennheiser (Schweiz) AG, Urdorf, Switzerland 100.0 CHF 1,000 - Sennheiser UK Ltd., Marlow, Great Britain 100.0 GBP 210 - Sennheiser Logistics Services GmbH, Wedemark, Germany 100.0 EUR 251 - Sennheiser Streaming Technologies GmbH, Wedemark, Germany 100.0 EUR 251 - Sennheiser Vertrieb und Service GmbH & Co. KG, Hanover, Germany 70.0 EUR 1,000 Partial consolidation ­Sennheiser ­Communications A/S, Copenhagen, Denmark 50.0 DKK 2,000 1) Profit transfer agreement with Sennheiser electronic GmbH & Co. KG, Wennebostel, Germany 2) Included in annual financial statements of Sennheiser New Mexico LLC, Albuquerque, USA 3) Included in annual financial statements of Sennheiser Australia Pty Ltd., Chatswood, Australia CONSOLIDATED FINANCIAL STATEMENTS 2014 23

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