Numerous German as well as international financial analysts monitor Henkel's  performance. The following list includes banks and securities companies that publish regular research reports on Henkel. This list does not claim to be exhaustive.

Disclaimer
The analyses prepared by the banks and securities companies listed above are not based on Henkel research and are completely outside the influence and control of Henkel AG & Co. KGaA.  These analyses solely reflect the opinions, estimates, forecasts or recommendations of the above-mentioned institutions, or those of their employees, relating to Henkel’s performance and capabilities, and do not represent the opinion, estimate, forecast or any form of recommendation of or by Henkel AG & Co. KGaA or its management.

The fact that Henkel AG & Co. KGaA makes reference to these institutions neither implies, nor should be inferred to signify, that Henkel AG & Co. KGaA or its management confirms or approves the content of the analyses prepared by these institutions or their employees. Henkel assumes no liability for the selection, validity, completeness or correctness of the listing or of the analyses prepared by the listed banks and securities companies. The listing has been provided solely for information only, without responsibility, and should not be regarded as soliciting or promoting the purchase, sale or holding of Henkel shares.