100 % FUTURE - ALNO

120
10. EQUITY
a. Subscribed capital
As of December 31, 2010, the subscribed capital amounts to EUR 45,231 thousand, and is split
into 17,396,653 ordinary shares. The shares are issued as bearer shares, and are fully paid in. Each
ordinary share has a notional share in the subscribed capital of EUR 2.60.
In EUR thousand
Balance at January 1, 2009 41,124
Changes 2009 0
Balance at December 31, 2009 41,124
Changes 2010 4,107
Balance at December 31, 2010 45,231
On April 9, 2010, the Managing Board, with the assent of the Supervisory Board, passed a resolution
to increase the company’s issued share capital against cash as part of the capital measures approved
by the Ordinary Shareholders’ General Meeting of ALNO AG on July 26, 2008. The company’s share
capital of EUR 41,123,869.80 was increased to EUR 43,177,583.80 through issuing 789,890 ordinary
shares. The new shares were issued at EUR 6.33 per share. IRE Beteiligungs GmbH subscribed
for and acquired the new shares. The excess amount of the non-cash capital contribution of EUR
2,946,289.70 was added to the capital reserve, after which the capital reserve amounted to EUR
39,490,074.62. The capital increase was entered in the commercial register on March 30, 2010.
On May 17, 2010, the Managing Board, with the assent of the Supervisory Board, passed a resolution
to increase the company’s issued share capital against cash as part of the capital measures approved
by the Ordinary Shareholders’ General Meeting of ALNO AG on July 26, 2008. The company’s share
capital of EUR 43,177,583.80 was increased to EUR 45,231,297.80 through issuing 789,890 ordinary
shares. The new shares were also issued at EUR 6.33 per share. IRE Beteiligungs GmbH, Stuttgart,
subscribed for and acquired the new shares. The excess amount of the non-cash capital contribution
of EUR 2,946,289.70 was added to the capital reserve, after which the capital reserve amounted to
EUR 42,436,364.32. The capital increase was entered in the commercial register on June 16, 2010.
On February 10, 2011, a resolution was passed by the Managing Board, with Supervisory Board
assent, to resume the capital increase from authorized capital that had been postponed in November
2010. The capital increase was implemented on March 3, 2011 through issuing 8,698,326 ordinary
shares each with a notional share in the share capital of EUR 2.60. The issue price was EUR 3.00.
As a consequence, the share capital increased by EUR 22,615,647.60 to EUR 67,846,945.40. The
excess amount of the non-cash capital contribution of EUR 3,479,330.40 was added to the capital
reserve, after which the capital reserve amounted to EUR 45,915,694.72. The capital increase was
entered in the commercial register on March 4, 2011.
Below we present the respective current mandatory shareholder announcements pursuant to Section
21 (1) of the German Securities Trading Act (WpHG), and the proportionate voting rights on the
date when the proportionate voting rights reached, exceeded or fell below the reporting thresholds
pursuant to Section 21 (1) of the German Securities Trading Act (WpHG). The actual percentage
of voting rights on the balance sheet date may differ as a result of acquisitions or sales that do not
have a reporting requirement.
On March 31, 2006, Mr. Alexander Nothdurft, Munich, notified us pursuant to Section 21 (1) Sentence
1 of the German Securities Trading Act (WpHG) that his percentage of voting rights in the
ALNO AG fell below the threshold of 5 % on March 28, 2006, and amounted to 3.38 % as of this date.
On March 31, 2006, Mr. Oliver Nothdurft, Munich, notified us pursuant to Section 21 (1) Sentence
1 of the German Securities Trading Act (WpHG) that his percentage of voting rights in the ALNO AG
fell below the threshold of 5 % on March 28, 2006, and amounted to 3.24 % as of this date.
The above announcements were published in the Frankfurter Allgemeine Zeitung on April 5, 2006.