Ad hoc disclosures

Against the background of the half-year financial statements, the Executive Board of Alexanderwerk AG is obliged to point out that at least half of the current share capital has been consumed by losses.

Remscheid, August 24, 2010 – Against the background of the half-year financial statements, the Executive Board of Alexanderwerk AG is obliged to point out that at least half of the current share capital has been consumed by losses.

Therefore, the Executive Board will convene an Annual General Meeting without undue delay in accordance with section 92 (1) of the German Stock Corporation Act (AktG). It will be held on November 4, 2010. The depletion of half of the share capital is attributable in particular to write-downs in connection with the separation of the loss-making FoodTec GmbH, Freiberg/N., and is therefore an unavoidable consequence of the restructuring of the Group.

From a strategic point of view, however, the company is now in a phase of organic growth thanks to the repositioning. Also today, the Executive Board will report in detail on the restructuring successes at Alexanderwerk AG as part of a corporate news release.

Executive Board of Alexanderwerk AG
Jürgen Kullmann