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Exhibit 1.1


Articles of Association of Fresenius Medical Care AG &
Co. KGaA


I.              General
Terms


Art. 1 Name and Registered Office




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|--- | -------------------------------------------------------------------------------------
|(1) | The Company is a partnership limited by shares (KGaA).
    The name of the Company is

Fresenius Medical Care AG & Co. KGaA




|    |                                                             
|--- | ------------------------------------------------------------
|(2) | The registered office of the Company is in Hof an der Saale.

Art. 2 Objects of the Business




|    |                                
|--- | -------------------------------
|(1) | The objects of the Company are:



| |                                                                                                                                                                                                                                                      
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | a) the development, production and distribution of as well
    as the trading in health care products, systems and procedures,
    including dialysis;                                                                                               
|
| | b) the projecting, planning, establishment, acquisition and
    operation of health care businesses, including dialysis centers,
    also in separate enterprises or through third parties as well as
    the participation in such dialysis centers;
|
| | c) the development, production and distribution of other
    pharmaceutical products and the provision of services in this
    field;                                                                                                                
|
| | d) the provision of advice in the medical and
    pharmaceutical areas as well as scientific information and
    documentation;                                                                                                                      
|
| | e) the provision of laboratory services for dialysis and
    non-dialysis patients and homecare medical services.                                                                                                                                    





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|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | The Company shall be entitled to enter into any and all business
    transactions and take any and all measures which seem to be
    necessary or useful to achieve the objects of the Company and
    may, in particular, participate in other enterprises of the same
    or similar kind, take over the management and/or the
    representation of such enterprises, transfer company divisions,
    including essential company divisions, to enterprises in which
    the Company holds an interest and establish branches at home and
    abroad.

Art. 3 Notifications and Publications




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|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | All notifications of the Company shall be made in the electronic
    Federal Gazette (Elektronischer Bundesanzeiger).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   
|(2) | English short versions of the invitations to general meetings
    which must provide for the place, date and time and the items on
    the agenda of the general meeting and the prerequisites of
    participation in the meetings as well as English short versions
    of the other notifications shall also be published in The Wall
    Street Journal and in The New York Times. The newspapers
    mentioned above are not journals used by the Company for
    notifications in the sense of Article 3 paragraph (1);
    such publications shall not be a pre-condition for a valid
    notification of the Company. With the consent of the supervisory
    board the general partner may determine deviations from this
    provision.





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II.  Capital and Shares


Art. 4 Capital




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|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The capital of the Company amounts to EUR 250,271,178.24 (in
    words: two hundred and fifty million two hundred and seventy one
    thousand one hundred seventy eight Euro and twenty four Cent)
    and is divided into 96,629,422 (in words: ninety six million six
    hundred twenty nine thousand and four hundred twenty two) bearer
    ordinary shares and 1,132,757 (in words: one million one hundred
    thirty two thousand and seven hundred fifty seven) non-voting
    bearer preference shares.



| |                                                                                                                                                                                                                                                                                                                                                                                                                          
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | In case of issuance of non-voting bearer preference shares,
    particulars thereof are set forth in Article 19.                                                                                                                                                                                                                                                                                                         
|
| | No consent of the preferred shareholders shall be required for
    the issuance of non-voting bearer preference shares which, for
    the distribution of the profits or the corporate assets, will be
    equal to or be preferred to the non-voting bearer preference
    shares existing from time to time, if and to the extent that the
    subscription rights of the preference shareholders are not
    excluded.



|    |                                                                                                                                                                                                                                                                                                                                                            
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | The capital stock in the amount of DM 100,000.00 (in words:
    one hundred thousand Deutsche Mark) available at the
    transformation of the Company into a Stock Corporation was
    raised through change of the legal form of the legal entity of
    previous legal form, Fresenius Medical Care GmbH with registered
    office in Hof an der Saale.



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | The capital stock in the amount of EUR 250,271,178.24 (in words:
    two hundred and fifty million two hundred and seventy one
    thousand one hundred seventy eight Euro and twenty four Cent)
    available at the transformation of the Company into a
    partnership limited by shares (KGaA) was raised through change
    of the legal form of the legal entity of previous legal form,
    Fresenius Medical Care AG with registered office in Hof an der
    Saale.



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(3) | The general partner is authorized, in the period up to
    29 August 2010, with the approval of the supervisory board,
    to increase, on one or more occasions, the capital of the
    Company by up to a total of EUR 35,000,000.00 (in words:
    thirty five million Euro) for cash by the issue of new bearer
    ordinary shares (Authorized Capital I). The number of shares
    must increase in the same proportion as the capital. The general
    partner is further authorized, with the approval of the
    supervisory board, to decide on the exclusion of
    shareholders pre-emption rights. Exclusion of pre-emption
    rights is admissible, however, only for fractional amounts. The
    new shares may also be taken up by credit institutions to be
    specified by the general partner, with the obligation to offer
    them to the shareholders (indirect pre-emption rights). The
    general partner is further authorized, with the approval of the
    supervisory board, to determine the further details of the
    implementation of the capital increase out of Authorized Capital
    I. The supervisory board is authorized to amend the Articles of
    Association after complete or partial implementation of the
    capital increase out of Authorized Capital I or after the
    expiry of the authorized period in accordance with the amount of
    the capital increase out of Authorized Capital I.
|   
|(4) | The general partner is authorized, in the period up to
    29 August 2010, with the approval of the supervisory board,
    to increase, on one or more occasions, the capital of the
    Company by up to a total of EUR 25,000,000.00 (in words:
    twenty five million Euro) for cash and/or contributions in kind
    by the issue of new bearer ordinary shares (Authorized
    Capital II). The number of shares must increase in the same
    proportion as the capital. The general partner is further
    authorized, with the approval of the supervisory board, to
    decide on the exclusion of shareholders pre-emption
    rights. Exclusion of pre-emption rights is admissible, however,
    only if                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | in the case of a capital increase for cash the amount of capital
    attributable to the new shares does not exceed 10% of the share
    capital at the time of the issue of the new shares and the issue
    price for the new shares is not significantly lower than the
    stock exchange price of the listed shares of the same class and
    rights at the time of the final determination of the issue price
    by the general partner, or
|
| |  | in the case of a capital increase for contributions in kind the
    grant of shares should be for the purpose of acquiring an
    enterprise, parts of an enterprise or a participation in an
    enterprise.                                                                                                                                                                                                                                     

2



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| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | The general partner is further authorized, with the approval of
    the supervisory board, to determine the further details of the
    implementation of the capital increase out of Authorized Capital
    II. The supervisory board is authorized to amend the Articles of
    Association after complete or partial implementation of the
    capital increase out of Authorized Capital II or after the
    expiry of the authorized period in accordance with the amount of
    the capital increase out of Authorized Capital II.



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(5) | The capital of the Company is conditionally increased by up to
    EUR 3,728,215.04 (in words: three million seven hundred twenty
    eight thousand two hundred and fifteen Euro and four Cent) by
    the issue of up to 1,108,074 (in words: one million one hundred
    eight thousand and seventy four) new non-voting bearer
    preference shares and by up to 348,260 (in words: three hundred
    forty eight thousand two hundred and sixty) new bearer ordinary
    shares. The conditional capital increase will be implemented
    only to the extent that, in accordance with the employee
    participation program resolved on by the general meeting of
    24.09.1996 convertible bonds relating to non-par value shares
    will be issued and the holders of convertible bonds exercise
    their right of conversion. The new non-voting bearer preference
    shares and the new bearer ordinary shares shall participate in
    profits from the beginning of the fiscal year in which they
    arise by the exercise of the right of conversion.                                                             
|   
|(6) | The capital of the Company is conditionally increased by up to
    EUR 2,245,980.16 (in words: two million two hundred and forty
    five thousand nine hundred and eighty Euro and sixteen Cent) by
    the issue of up to 768,162 (in words: seven hundred sixty eight
    thousand one hundred and sixty two) new non-voting bearer
    preference shares and by up to 109,174 (in words: one hundred
    nine thousand one hundred and seventy four) new bearer ordinary
    shares. The conditional capital increase will be implemented
    only to the extent that, in accordance with the share option
    program resolved on by the general meetings of 10.06.1998 and
    30.05.2000, share options relating to non-par value shares have
    been issued and the holders exercise their options. The new
    non-voting bearer preference shares and bearer ordinary shares
    shall participate in profits from the beginning of the fiscal
    year in which they are issued.                                                                                                                                         
|   
|(7) | The capital of the Company is conditionally increased by up to
    EUR 8,964,738.56 (in words: eight million nine hundred and sixty
    four thousand seven hundred and thirty eight Euro and fifty six
    Cent) by the issue of up to 1,109,967 (in words: one million one
    hundred nine thousand nine hundred and sixty seven) new
    non-voting bearer preference shares and by up to 2,391,884 (in
    words: two million three hundred ninety one thousand eight
    hundred eighty four) new bearer ordinary shares. The conditional
    capital increase will be implemented only to the extent that, in
    accordance with the international employee participation program
    resolved on by the general meeting of 23.05.2001 convertible
    bonds relating to non-par value shares have been issued and the
    holders of convertible bonds exercise their right of conversion.
    The new non-voting bearer preference shares and the new bearer
    ordinary shares shall participate in profits from the beginning
    of the fiscal year in which they arise by the exercise of the
    right of conversion.
|   
|(8) | In case of a capital increase, the profit participation may be
    determined in derogation from Section 60, paragraph 2
    German Stock Corporation Act (AktG).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

Art. 5 Shares




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|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The shares will be non-par value bearer shares.                                                                                                                                                                                                                                                                                          
|   
|(2) | The Company shall be entitled to issue share certificates made
    out to bearer each evidencing a plurality of shares (collective
    share certificates). There is no claim of the shareholders to
    share certificates with respect to their individual
    participation.                                                          
|   
|(3) | The form of the share certificates and of the dividend coupons
    and renewal coupons shall be determined by the general partner
    with the consent of the supervisory board.                                                                                                                                                         
|   
|(4) | The Company shall take the necessary measures to achieve that
    its shares will, preferably, be admitted for official quotation
    on the stock exchange in Frankfurt am Main and in suitable
    form  e.g. as American Depositary Shares 
    on the New York Stock Exchange and that such admissions will be
    maintained. With

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| |                                                                                                                                                              
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------
| | the consent of the supervisory board which must decide
    unanimously on such consent, the general partner may determine
    deviations from this provision.

III. Constitution of the Company


A.  General Partner


Art. 6 General Partner, Capital Contribution, Legal
Relationships and Resignation




|    |                                  
|--- | ---------------------------------
|(1) | General partner of the Company is

Fresenius Medical Care Management AG




| |                                            
| | -------------------------------------------
| | with registered office in Hof an der Saale.



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|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | The general partner has not made a capital contribution. It
    shall neither participate in the profit or the loss of the
    Company nor in its assets.                                                                                                                                                                                                                                                                                                                                          
|   
|(3) | The general partner will cease to be general partner of the
    Company if and when all shares in the general partner are no
    longer held directly or indirectly by a person holding more than
    25 per cent of the capital of the Company, directly or
    indirectly via a controlled enterprise in the sense of
    § 17 (1) German Stock Corporation Act
    (AktG); this will not apply if and when all shares in the
    general partner are held directly or indirectly by the Company.



| |                                                                                                                                                         
| | --------------------------------------------------------------------------------------------------------------------------------------------------------
| | Additionally, the general partner will cease to be general
    partner of the Company, if the shares in the general partner are
    acquired by a person



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | who does not acquire shares of the Company in the amount of more
    than 25 per cent of the capital of the Company or                                                                                                                                                                                                                                                                                                                                                                            
|
| |  | who had not, within three months after the effectiveness of such
    acquisition, submitted a voluntary or mandatory takeover offer
    to the shareholders of the Company according to the rules of the
    German Takeover Act (WpÜG); the fair consideration offered
    to the shareholders must also reflect the consideration which
    the purchaser had paid for the share in the general partner, if
    the amount for such consideration is above the amount of its
    equity capital.



| |                                                                                                                   
| | ------------------------------------------------------------------------------------------------------------------
| | The other grounds for withdrawal as provided for by law remain
    unaffected with respect to the general partner.



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(4) | If the general partner withdraws from the Company or if such
    withdrawal can be foreseen, the supervisory board is authorized
    and obliged to admit immediately, or at the time of the
    withdrawal of the general partner, as new general partner of the
    Company a corporation whose shares are fully owned by the
    Company. If the general partner withdraws from the Company while
    no new general partner is admitted simultaneously as aforesaid,
    the Company shall for the time being be continued by the limited
    shareholders of the Company alone. In such case, the supervisory
    board shall immediately apply for the appointment of a
    substitute representative who will represent the Company until
    the admission of a new general partner according to sentence 1
    of this paragraph, in particular with respect to the acquisition
    or formation of such new general partner.



| |                                                                                                                                                     
| | ----------------------------------------------------------------------------------------------------------------------------------------------------
| | The supervisory board is authorized to adjust the version of the
    Articles of Association so as to reflect the change of the
    general partner.



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(5) | In the case of the continuing of the Company pursuant to
    Article 6 paragraph (4) of these Articles of
    Association or in the case that all shares in the general
    partner are held directly or indirectly by the Company an
    extraordinary general meeting or the next annual general meeting
    shall decide about the transformation of the Company into a
    stock corporation (Aktiengesellschaft). The resolution
    with respect to such transformation can be taken with a simple
    majority of the votes cast. The general partner is obliged to
    consent to such transformation decided by the general meeting.

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Art. 7 Management and Representation of the Company,
Reimbursement of


Expenses and Remuneration




|    |                                                                                                                                                                                                                                                                                                                  
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The Company shall be represented by its general partner.
    Vis-à-vis the general partner the Company shall be
    represented by the supervisory board.                                                                                                                                                        
|   
|(2) | The general partner shall be responsible for management of the
    Company. The general partners management authority also
    encompasses exceptional management measures. The right of the
    shareholders to consent to exceptional management measures at
    the general meeting is excluded.             
|   
|(3) | The general partner shall be reimbursed for any and all expenses
    in connection with management of the Companys business,
    which includes remuneration of the members of its executive
    bodies. The general partner shall invoice its expenses monthly;
    it is entitled to claim payment in advance.
|   
|(4) | As consideration for assuming the management of the Company and
    the liability, the general partner shall receive a
    non-profit-and-loss-based annual remuneration of
    4 per cent of its equity capital.                                                                                                
|   
|(5) | The general partner is not authorized to undertake transactions
    for its own or for anothers account outside the scope of
    its responsibilities within the Company.                                                                                                                                       

B.  Supervisory Board


Art. 8 Election and Term of Office of the Supervisory
Board




|    |                                                   
|--- | --------------------------------------------------
|(1) | The supervisory board consists of six (6) members.



| |                                                                                                                                                                                                                                                
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | All six (6) members shall be elected by the general meeting
    according to the provisions of the German Stock Corporation Act
    (AktG). The resolution can only be taken with a majority
    of a minimum of 75 per cent of the votes cast.



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | Unless expressly otherwise resolved by the general meeting, the
    supervisory board members shall be appointed to hold office
    until the end of the ordinary general meeting which resolves on
    the discharge for the fourth fiscal year after commencement of
    the term of office. The year in which the term of office
    commences shall not be considered for this calculation.
    Re-election of supervisory board members shall be permissible.                                                                                                                                                                                                                                                         
|   
|(3) | If a member elected by the general meeting withdraws from the
    supervisory board before expiration of his term of office, a new
    member is to be elected in the next general meeting to replace
    the withdrawing member. The newly elected member shall hold
    office for the remaining term of office of the withdrawing
    member.                                                                                                                                                                                                                                                                                                                                                                           
|   
|(4) | The general meeting may, for the supervisory board members to be
    elected by it, appoint substitute members who will become
    members of the supervisory board on the basis of a specific
    order to be determined upon election if and when supervisory
    board members withdraw before expiration of their term of
    office. Their position as substitute members shall revive if and
    when the general meeting elects a new member instead of the
    withdrawing supervisory board member replaced by such substitute
    member. The term of office of the substitute member shall end
    upon completion of the general meeting in which an election
    according to Article 8 paragraph (3) is made.
|   
|(5) | Each member of the supervisory board may resign from office by
    giving one months written notice even without good cause.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

Art. 9 Constitution of the Supervisory Board




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|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Following the general meeting in which the supervisory board has
    been newly elected, the supervisory board shall hold a meeting
    without special notice of meeting and, where necessary, shall
    elect in such meeting from among its members a chairman and a
    deputy chairman for the whole term of office of the elected
    persons as supervisory board members.

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|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | If the chairman or his deputy resigns his office before
    expiration of his term of office, the supervisory board shall
    immediately hold a new election to replace the resigning
    chairman/ deputy.

Art. 10 Meetings and Resolutions of the Supervisory Board




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The meetings of the supervisory board shall be called by the
    chairman by notice subject to a notice period of fourteen
    (14) days. The meetings may be called in writing, by fax or
    by other electronic means of communication. The items on the
    agenda must be stated in the invitation to the meeting.
    Notwithstanding sentence 2, in urgent cases, this period may be
    shortened and the meeting may be called by telegram, telex or
    telephone.                                                                                                                                                                                                                                                                                                               
|   
|(2) | The meetings of the supervisory board shall in the regular case
    be by personal attendance. It is, however, admissible that
    meetings of the supervisory board be held by way of a video
    conference or that individual supervisory board members
    participate by way of video link, provided that in these cases
    the passing of resolutions also takes place by way of a video
    conference or video link. Outside of meetings, resolutions in
    writing, telegraph, telex, fax, telephone or electronic
    communication (e-mail etc.) are admissible, if this is ordered
    by the chairman of the supervisory board, or in the event of his
    being unable to act, by his deputy.                                                                              
|   
|(3) | The supervisory board shall constitute a quorum if half the
    members making up the entire board take part in the adoption of
    the resolution.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   
|(4) | If members of the supervisory board are prevented from attending
    the meeting, they may have another member of the supervisory
    board submit their written votes. Such delivery of the written
    vote shall be deemed to be participation in the adoption of the
    resolution.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|(5) | Resolutions of the supervisory board shall require the majority
    of the votes cast unless otherwise provided by law or the
    Articles of Association. In case of a tie, a new vote shall be
    taken on the same issue at the request of the chairman of the
    supervisory board or of another member of the supervisory board.
    In the event that such new vote leads again to a tie, the
    chairman of the supervisory board shall have two (2) votes
    (to the legally permissible extent, this shall apply also to
    committees of the supervisory board of which he is a member).
    Article 10 paragraph (4) shall be applicable to the
    casting of the second vote. The deputy chairman of the
    supervisory board shall not be entitled to such second vote.
|   
|(6) | Minutes of the meetings of the supervisory board shall be
    prepared in the English language. The minutes shall be signed by
    the chairman of the meeting. Any minutes to be prepared outside
    of the meeting by personal attendance
    (Präsenzsitzung), as outlined in Article 10
    paragraph (2) with respect to resolutions shall be signed
    by the chairman of the supervisory board. On demand of a member
    of the supervisory board a German translation of the minutes
    shall be prepared.                                                                                                                                                                                                                                                                     

Art. 11 Rights and Duties of the Supervisory Board




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The supervisory board shall have the rights and duties defined
    by mandatory legal provisions and these Articles of Association.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   
|(2) | The supervisory board shall, at any time, have the right to
    supervise the entire management of the general partner and to
    inspect and audit all books and records, including the minutes
    of the meetings of the management board of the general partner,
    as well as the assets of the Company. This right to inspect and
    audit can also be claimed by any individual supervisory board
    member. The supervisory board member must direct his request to
    the chairman of the supervisory board who shall pass the request
    on to the chairman of the management board of the general
    partner or, in the case that a chairman does not exist, to the
    management board of the general partner.
|   
|(3) | The general partner shall regularly report to the supervisory
    board. In addition, the supervisory board may request the
    submission of a report if and when there is reasonable cause
    therefore including where such cause relates to a business event
    at an affiliated company which has become known to the general
    partner                                                                                                                                                                                                                                                                                                                                                                                 

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|    |                                                                                                                                                                                                                                          
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | and which may substantially influence the situation of the
    Company. Article 11 paragraph (2), sentences 2 and 3
    apply mutatis mutandis with the proviso that a report only to
    the supervisory board can be demanded.         
|   
|(4) | If the Company holds a participation in its general partner, all
    rights of the Company under and with respect to such
    participation (e.g. voting rights, information rights etc.) will
    be exercised by the supervisory board.
|   
|(5) | The supervisory board shall be entitled, without resolution of
    the general meeting, to make any amendments to the Articles of
    Association which concern only the wording.                                                        

Art. 12 Rules of Procedure of the Supervisory Board




Art. 13 Remuneration of Supervisory Board Members




|    |                                                                                                                                                                                                    
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The members of the supervisory board shall be reimbursed for the
    expenses incurred in the exercise of their office, including any
    value-added tax.                                         
|   
|(2) | Each member of the supervisory board shall receive a fixed fee
    of USD 80,000.00 per annum for each full fiscal year, payable in
    four equal instalments at the end of each calendar quarter.



| |                                                                                                                                                                                                                          
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | In the event that the general meeting, taking into consideration
    the annual results, resolves a higher remuneration by a three
    fourths majority of the votes cast, such higher remuneration
    shall be payable.



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(3) | The chairman of the supervisory board shall receive additional
    remuneration in the amount of USD 80,000.00 and his deputy
    additional remuneration in the amount of USD 40,000.00.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   
|(4) | As a member of a committee, a supervisory board member shall
    receive, in addition, USD 30,000.00 per year, or as chairman of
    a committee, USD 50,000.00 per year, payable in each case in
    four equal installments at the end of each calendar quarter.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   
|(5) | If a fiscal year is not a complete calendar year, the
    remuneration shall be paid on a pro rata temporis basis.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   
|(6) | To the extent that a member of the supervisory board is at the
    same time member of the supervisory board of the General Partner
    Fresenius Medical Care Management AG and receives remuneration
    for his services as member of the supervisory board of Fresenius
    Medical Care Management AG, the remuneration according to
    Article 13 (2) will be reduced to half of it. The same
    shall apply in relation to additional remuneration of the
    Chairman and his deputy according to Article 13 (3) if
    such person is, at the same time, the chairman or his deputy,
    respectively, of the supervisory board of Fresenius Medical Care
    Management AG. If the deputy of the chairman of the supervisory
    board of the Company is at the same time chairman of the
    supervisory board of Fresenius Medical Care Management AG he
    shall not receive additional remuneration according to
    Article 13 (3) for his services as deputy of the
    chairman of the Company.
|   
|(7) | The Company shall pay the remuneration of the supervisory board
    members subject to statutory deductions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   
|(8) | The Company shall provide the members of the supervisory board
    with an insurance protection regarding the fulfilment of their
    duties as such members of the supervisory board which is subject
    to an appropriate deductible.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

C.  General Meeting


Art. 14 Calling of the General Meeting




|    |                                                                                                                                                                                                                                                                                                                                                  
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The general meeting shall be called no later than thirty days
    before the day by the end of which the shareholders must
    register according to Article 15, unless a shorter period
    is permitted by law. In calculating such period, the day the
    general meeting is called and the day by the end of which the
    shareholders must

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|    |                                                                                                                                                                                                                                                                  
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | register before the meeting shall not be counted; if the end of
    that period is a Sunday, an official holiday at the registered
    office of the Company or a Saturday, such day will be replaced
    by the preceding working day.                          
|   
|(2) | No later than on the last day of the convocation period, also
    the English short version pursuant to Article 3
    paragraph (2) shall be published, if necessary.                                                                                            
|   
|(3) | The general meeting shall be held at the place where the
    registered office of the Company is located, or in a German city
    where a stock exchange is situated or at the place where the
    registered office of a domestic affiliated company is located.

Art. 15 Attendance at the General Meeting




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Only those shareholders shall be entitled to attend the general
    meeting who have registered in writing (Textform) in the German
    or English language at the location given in the calling of the
    general meeting no later than on the fifth day before the
    general meeting.                                                                                                                                                                                                                                                                                                                                                  
|   
|(2) | Further, shareholders are required to provide evidence of their
    entitlement to attend the general meeting and to vote. This
    requires certification showing ownership of their shares to be
    issued by the depository bank. Certification must refer to the
    beginning of the twenty-first day before the general meeting,
    0.00 hours at the registered office of the Company.
    Certification must be received by the Company in writing
    (Textform) in the German or English language at the location
    given in the calling of the general meeting no later than on the
    fifth day before the general meeting.
|   
|(3) | The members of the management board of the general partner and
    of the supervisory board should personally attend the general
    meeting. If it is not possible for a member of the supervisory
    board to attend at the place of the general meeting, in
    particular, because he is abroad for cause, he may participate
    in the general meeting by sound and picture transmission.                                                                                                                                                                                                                                            
|   
|(4) | If a voting right is to be exercised by a proxy, authorization
    in writing (Textform) shall be sufficient.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

Art. 16 Date of the Ordinary General Meeting




Art. 17 Chairmanship at the General Meeting and Voting




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The general meeting shall be chaired by the chairman of the
    supervisory board or, if he is prevented or at the request of
    the chairman of the supervisory board, by another supervisory
    board member to be designated by the chairman of the supervisory
    board. If and when no such designation has been made and the
    chairman of the supervisory board is prevented, another member
    to be designated by the supervisory board shall preside over the
    general meeting.
|   
|(2) | The chairman shall chair the meeting and determine the order of
    items to be dealt with as well as the kind and form of the
    voting. The chairman is entitled to reasonably limit the
    speaking time of the shareholders and the time to ask questions
    from the beginning of the general meeting on, if such limitation
    is allowed by law.                                                                                                                                       
|   
|(3) | The majorities of the votes cast and of the capital stock
    represented for the adoption of the resolution which are
    required for the resolutions of the general meeting shall be
    governed by the statutory provisions, unless otherwise provided
    for in these Articles of Association. In case of a tie, a
    proposal shall be deemed denied.                                                                                                                                    
|   
|(4) | Each ordinary share shall grant one (1) vote at the general
    meeting. The preference shares have no voting rights, unless
    otherwise required by mandatory legal provisions; otherwise,
    sentence 1 of this paragraph shall apply mutatis mutandis.                                                                                                                                                                                                                                      

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|    |                                                                                                                                                                                                                                                                                             
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(5) | The chairman can decide that the entire general meeting or
    extracts therefrom be transmitted in sound and/or picture. Such
    transmission can even be in a form to which the public has
    unlimited access. The form of the transmission should be made
    known in the invitation.
|   
|(6) | To the extent that the resolutions of the general meeting are
    subject to the consent of the general partner, the general
    partner shall declare at the general meeting whether consent to
    the resolutions will be given or will be refused.                                      

IV. Annual Financial Statement and Disposition of
Profits


Art. 18 Fiscal Year, Rendering of Accounts




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The fiscal year shall be the calendar year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   
|(2) | Within the first three (3) months of the fiscal year but no
    later than within the maximum period required by mandatory legal
    provisions, the general partner shall prepare the annual
    financial statement and the management report for the preceding
    fiscal year and submit the same to the supervisory board without
    delay. The general partner may allocate in the annual financial
    statement a part of the annual net profit up to the half of the
    annual net profit to other revenue reserves.
|   
|(3) | The supervisory board shall commission the audit by the auditors
    of the financial statements. Before the audit report of the
    auditors is forwarded to the supervisory board, the general
    partner shall be given the opportunity to express its opinion.                                                                                                                                                                                                                                                            
|   
|(4) | At the same time as the submission of the annual financial
    statement and the management report the general partner shall
    provide the supervisory board with the proposal on the
    appropriation of the net profits.                                                                                                                                                                                                                                                                                                  
|   
|(5) | The annual financial statement shall be approved by a resolution
    of the general meeting with the consent of the general partner.                                                                                                                                                                                                                                                                                                                                                                                           
|   
|(6) | Article 18 paragraphs (2) and (3) shall apply
    correspondingly to group financial statements and to a report on
    the economic group position, as far as § 170
    paragraph 1 sentence 2 German Stock Corporation Act
    (AktG) is applicable to the Company as Parent Company.                                                                                                                                                                                                                                         

Art. 19 Disposition of Profits




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The general meeting shall resolve on the disposition of the
    balance sheet profits subject to the following
    paragraphs (2) to (4) of this Article.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   
|(2) | Out of the annual balance sheet profits, the non-voting bearer
    preference shares shall receive a dividend which exceeds that
    for the ordinary shares by an amount of EUR 0.06 per
    preference share, but at least a dividend in an amount of
    EUR 0.12 per preference share.                                                                                                                                                                                                                                                                                                                                                                   
|   
|(3) | The minimum dividend of EUR 0.12 per preference share shall
    take precedence over the distribution of a dividend on the
    ordinary shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   
|(4) | In the event that the balance sheet profits for one or more
    fiscal years are insufficient to distribute EUR 0.12 per
    preference share, the lacking sums shall be paid subsequently
    without interest out of the balance sheet profits for the
    following fiscal years, i.e. after distribution of the
    minimum dividend on the preference shares for these fiscal years
    and before distribution of a dividend on the ordinary shares.
    The right to subsequent payment shall be part of the profit
    share for the fiscal year from the balance sheet profits of
    which the subsequent payment on the preference shares is made.

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V.  Miscellaneous


Art. 20 Partial Invalidity




Art. 21 Formation Expenses




|    |                                                                                                                                                                                                                                                           
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The formation expenses (Notarys fees, court costs, costs
    of notification) amount up to DM 5,000.00 (in words: five
    thousand German Marks).                                                                                                       
|   
|(2) | Additionally, the Company has to bear the expenses for the
    transformation of Fresenius Medical Care AG into Fresenius
    Medical Care AG & Co. KGaA in an amount up to EUR
    7,500,000.00 (in words: seven million five hundred thousand
    Euro).

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