100 % FUTURE - ALNO

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LEGAL NOTE
This annual report contains forward-looking statements. Forward-looking statements
are statements that do not relate to historical events and facts. These
statements are based on assumptions, forecasts and estimates of future developments
by the Managing Board. These assumptions, forecasts and estimates
were generated on the basis of all information available at the current time. If
the assumptions relating to future trends on which these statements and estimates
are based do not occur, actual events may diverge from those currently
anticipated. Neither the Managing Board nor the company can vouch that the
forward-looking statements will actually occur. Beyond their statutory obligations,
the Managing Board and the company assume no obligation to update
any statements, or to adjust them to reflect future events and developments.
This annual report and the information that it contains represent neither an offer
to sell, nor a solicitation to purchase or to subscribe for, ALNO AG securities
either in the Federal Republic of Germany or in any other country. ALNO AG
shares may be sold or offered for purchase in the United States of America
only after prior registration, or without prior registration only on the basis of an
exemption from the registration requirement according to the US Securities Act
of 1933 in its current valid version. ALNO AG does not intend to implement a
public offering of shares in the United States. The ALNO AG annual report is
published in both German and English. The German version is definitive in the
instance of any differences.