EXHIBIT 11 FRESENIUS MEDICAL CARE HOLDINGS, INC. AND SUBSIDIARIES WEIGHTED AVERAGE NUMBER OF SHARES AND EARNINGS USED IN PER SHARE COMPUTATION (DOLLARS AND SHARES IN THOUSANDS)

TWELVE MONTHS ENDED DECEMBER 31, 2002 2001 2001 ---- ---- ---- The weighted average number of shares of Common Stock were as follows ........................ 90,000 90,000 90,000 ====== ====== ======

Income (loss) used in the computation of earnings per share were as follows:

TWELVE MONTHS ENDED DECEMBER 31, 2002 2001 2001 ---- ---- ---- Net income (loss) ..................................... $ 161,319 $(79,256) 105,250 Dividends paid on preferred stocks .................... (520) (520) (520) --------- -------- -------- --------- -------- -------- Income (loss) used in per share computation of earnings $ 160,799 $(79,776) 104,730 ========= ======== ======== Basic and fully dilutive net income (loss) per share .. $ 1.79 $ (0.89) 1.16 ========= ======== ========