100 % FUTURE - ALNO

149
The item relating to auditing services for the financial statements includes fees for the legally mandatory
auditing of the single-entity and consolidated financial statements of ALNO AG as of December 31,
2010, and for the auditing of the dependent company report pursuant to Section 313 of the German
Stock Corporation Act (AktG) for the 2010 fiscal year.
The “other certification services” primarily include expenses for the preparation of a letter of comfort
as part of the capital increase that was planned in autumn 2010, but which was eventually postponed
until 2011.
Tax consultancy services include costs for current tax consulting.
Other services relate to accountancy consultancy services.
O. EVENTS AFTER THE BALANCE SHEET
DATE
RESTRUCTURING AGREEMENT II AND SUCCESSFUL CONCLUSION OF THE CAPITAL
INCREASE THAT WAS LAUNCHED IN 2010
On February 9, 2011, the company, the consortium banks, Küchen Holding GmbH, Munich, IRE
Beteiligungs GmbH, Stuttgart, Bauknecht Hausgeräte GmbH, Stuttgart, and Starlet Investment AG,
Nidau/Switzerland, concluded a further restructuring agreement that supplements the agreement
was concluded in April 2010. In this connection, all parties committed themselves to restructuring
contributions that are to reach a total minimum level of EUR 70 million over the course of 2011.
Consolidated equity will undergo a sharp improvement once the measures that have been regulated
in the new restructuring agreements have been successfully implemented.
Investors and shareholders issued subscription guarantees totaling EUR 20.0 million when the capital
increase, which was postponed in November 2010, was resumed. This rights issue from authorized
capital was resumed in February 2011, and was successfully concluded on March 3, 2011. A total
of 8,698,326 new no par value ordinary bearer shares (no par shares), each with a nominal amount
in the share capital of EUR 2.60, were issued. The issue price was EUR 3.00. As a consequence, the
company generated total gross issue proceeds of EUR 26.1 million, and the share capital increased
by EUR 22,615,647.60 to EUR 67,846,945.40. The capital increase was entered in the commercial
register on March 4, 2011.
Starlet Investment AG has obligated itself to relieve the ALNO Group of trade payables due to
Bauknecht Hausgeräte GmbH, and to associate companies of Bauknecht Hausgeräte GmbH, to
an amount of at least EUR 25.0 million. With respect to a partial amount of EUR 12.5 million, this
is to occur by May 31, 2011, by way of a waiver, or by depositing the receivables as a non-cash
capital contribution into the capital reserve of ALNO AG. With regard to a further partial amount of
EUR 12.5 million, this is to occur through contributing these receivables as part of a capital increase
against non-cash capital contributions, to the extent that this partial amount is of value. The obligation
is subject to the suspensive condition that the capital increase is performed successfully with
gross issue proceeds of at least EUR 20.0 million, and that the capital increase is entered in the
commercial registere by May 30, 2011; and, with regard to the further partial amount that is to be
contributed as part of a capital increase against non-cash capital contributions, additionally under
the suspensive condition that ALNO AG, IRE Beteiligungs GmbH and Küchen Holding GmbH satisfy
certain co-operation obligations relating to the coming into existence and performance of the capital
increase against non-cash capital contributions (in particular, through corresponding exercising of
voting rights at the Shareholders’ General Meeting), as well as with regard to the contribution of
the partial amount of receivables. If, and to the extent, that the contribution of the further partial
amount of EUR 12.5 million has not occurred by December 31, 2011, Starlet Investment AG has
obligated itself to waive these receivables for the company and its associated companies by way
of deposit into the company’s capital reserve at the latest by, and with effect of, December 31,