100 % FUTURE - ALNO

10
KEY ISSUES DISCUSSED IN PLENARY MEETINGS OF THE SUPERVISORY BOARD
The Supervisory Board’s regular discussions focused on the current market situation and market
trends, the consistent review and monitoring of the company’s asset, financial and liquidity position,
as well as the Group’s strategic orientation.
The Managing Board presented the company targets for fiscal year 2010 at a Supervisory Board
meeting on January 15, 2010. Furthermore, the medium-term targets until 2013, based on the
“ALNO 2013” concept, were presented and explained to the Supervisory Board. After an in-depth
discussion and review, the Supervisory Board approved the targets presented for fiscal year 2010
and the “ALNO 2013” concept.
The current status of the “ALNO 2013” concept was discussed at the meeting held on March 17, 2010.
The current stage of the financing process also formed part of the discussions.
On April 27, 2010, the Supervisory Board met with the auditors of Ernst & Young GmbH, Wirtschaftsprüfungsgesellschaft,
Ravensburg, to discuss the consolidated financial statements of the
ALNO Group as at December 31, 2009, and, in particular, the annual financial statements of ALNO
AG as at December 31, 2009, as well as a number of balance sheet items. All of the documents
for the annual financial statements were audited to ensure compliance with the law, the articles of
incorporation and their designated purpose. The Managing Board and auditors answered all of the
questions in detail and to the Supervisory Board’s satisfaction. In addition, the audit committee
reported on the results of its review and proposed that the annual financial statements of ALNO
AG and the consolidated financial statements of the ALNO Group be approved as prepared and
presented. Subsequently, the Supervisory Board approved the annual financial statements and the
consolidated financial statements of ALNO AG. The annual financial statements were thus adopted.
At the recommendation of the audit committee, Ernst & Young GmbH, Wirtschaftsprüfungsgesellschaft,
Ravensburg, was instructed to audit the annual financial statements for fiscal year 2010.
The report of the Supervisory Board and the joint corporate governance report were discussed
and approved. The Managing Board reported on the business performance as at March 2010
and key business events. The meeting also centred around the presentation of the restructuring
report prepared by PricewaterhouseCoopers AG Witschaftsprüfungsgesellschaft, as well as the
recapitalization agreement negotiated with all of the financing partners on the basis of this report.
In a telephone conference on May 5, 2010, it was agreed that the agenda for the General Meeting,
including the proposed resolutions, be approved by circulation of voting papers. The agenda for
the General Meeting 2010 was approved on May 6, 2010.
A new Chairman of the Supervisory Board was appointed in a meeting immediately following the General
Meeting on June 23, 2010, as the ongoing status proceedings had made it necessary to call elect
a new Supervisory Board. The Supervisory Board elected Mr. Henning Giesecke as Chairman of the
Supervisory Board of ALNO AG. As part of the reconstitution of the Supervisory Board, both the rules of
procedure of the Supervisory Board concerning the formation of committees and the rules of procedure
of the Managing Board concerning reservation of consent by the Supervisory Board were revised and
approved by the Supervisory Board. In addition, the members sitting on the various committees were
newly elected. Moreover, the Managing Board reported on the business performance of ALNO AG as
at May 2010 and on the current status of the financing process. Finally, the employment contracts of
Chairman of the Board Jörg Deisel and Management Board member Michael Paterka were extended.