100 % FUTURE - ALNO

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80 DIRECT OR INDIRECT INTERESTS IN THE SHARE CAPITAL Notifications made to ALNO AG pursuant to the German Securities Trading Act (WpHG) results in the following overview of shareholdings as of December 31, 2010 (on the basis of German Securities Trading Act notifications made most recently to ALNO AG): 1 As part of a standstill and shareholder agreement, IRE Beteiligungs GmbH has granted an irrevocable authorization to Küchen Holding GmbH to exercise voting rights arising from shares held by IRE Beteiligungs GmbH at the discretion of Küchen Holding GmbH. 2 These voting rights are attributable in their entirety to IRE Beteiligungs GmbH pursuant to Section 22 (1) Sentence 1 No. 1 of the German Securities Trading Act (WpHG). 3 The voting rights of Bauknecht GmbH are attributable in their entirety to Whirlpool Greater China Inc. pursuant to Section 22 (1) Sentence 1 No. 1 of the German Securities Trading Act (WpHG). 4 Of these voting rights, 18.64 % are to be attributed to Küchen Holding GmbH pursuant to Section 22 (1) Sentence 1 No. 6 of the German Securities Trading Act (WpHG). 5 Of these voting rights, 56.63 % are attributed to Milano Investments S.à r.l. pursuant to Section 22 (1) Sentence 1 No. 1 of the German Securities Trading Act (WpHG), and 18.64 % pursuant to Section 22 (1) Sentence 1 No. 6, Sentences 2 and 3 of the German Securities Trading Act (WpHG). Company holding the interest Share of voting rights Date when interest commenced IRE Beteiligungs GmbH, Schorndorf 1) 18.64 % 22/07/2010 Bauknecht Hausgeräte GmbH, Schorndorf 1), 2) 18.64 % 22/07/2010 Whirlpool Greater China Inc., Benton Harbor, MI/USA 1), 3) 18.64 % 22/07/2010 Küchen Holding GmbH, Munich 4) 75.27 % 10/04/2007 Milano Investments S.à r.l., Luxembourg, Luxembourg 5) 75.27 % 10/04/2007 HOLDERS OF SHARES WITH SPECIAL RIGHTS There are no shares with special rights lending control authorizations. TYPE OF VOTING RIGHT CONTROL IN THE INSTANCE OF EMPLOYEE INTERESTS The Managing Board is unaware of any voting right control for the instance that employees hold an interest in the share capital, and do not directly exercise their controlling rights. STATUTORY REGULATIONS AND PROVISIONS OF THE ARTICLES OF INCORPORATION CON- CERNING THE NOMINATION AND WITHDRAWAL FROM OFFICE OF MANAGING BOARD MEMBERS, AND CONCERNING AMENDMENTS TO THE ARTICLES OF INCORPORATION Managing Board members are appointed and withdrawn from office pursuant to Section 84 of the German Stock Corporation Act (AktG). The General Meeting implements amendments to the Articles of Incorporation pursuant to Sections 133 and 179 of the German Stock Corporation Act (AktG). The General Meeting has utilized the option granted by Section 179 (1) Sentence 2 of the German Stock Corporation Act (AktG) in Section 12 (2) in combination with Section 12 (1) of the Articles of Incorporation, to transfer the authority to the Supervisory Board to implement amendments that affects only the wording of the Articles of Incorporation. MANAGING BOARD AUTHORISATIONS TO ISSUE AND REPURCHASE SHARES By way of a resolution of the Ordinary Shareholders’ General Meeting of ALNO AG of June 23, 2010, the Managing Board, with the Supervisory Board’s assent, was authorized by way of amendment to the Articles of Incorporation to increase the company’s issued share capital until June 23, 2010 by up to an amount totaling EUR 22,615,647.60 through issuing new ordinary shares against cash and/or non-cash capital contributions, either wholly or in partial amounts, and either once or on several occasions. This resolution was entered in the commercial register on August 31, 2010.
81 The Managing Board is authorized, with the Supervisory Board’s assent • to exclude shareholders’ subscription rights for fractional amounts. • to totally exclude shareholders’ subscription rights in order to offer the new shares in the company to third parties against non-cash capital contributions as part of business combinations or to acquire companies or parts of companies, and other assets including loan liabilities and other liabilities. • to exclude shareholders’ subscription rights if the capital increase against cash does not exceed 10 % of the share capital, and the issue price is not significantly less than the stock market price of the shares of equal class that are already listed. • to exclude shareholders’ subscription rights to the extent that it is necessary to grant bearers of option rights or creditors of convertible bonds that are issued by the company or its subordinate Group companies subscription rights to new shares to the extent that they would be entitled following the exercise of option or conversion rights, or satisfaction of conversion obligations. The authorized capital has not been utilized as of December 31, 2010, and consequently continued to amount to EUR 22,615,647.60. The Ordinary General Meeting of June 23, 2010 passed a resolution to approve a conditional capital increase. The Managing Board was authorized until June 22, 2015, to issue once or on several occasions by the company or by companies in the direct or indirect majority ownership of the company (Group companies) convertible and/or warrant bonds with a total value of up to EUR 100,000,000.00 with a term of up to 20 years (debentures), and to take over the guarantee for such debentures issued by subordinate Group companies, and to grant the bearers of bonds or bond creditors warrant and/or conversion rights to a total of up to 8,698,326 ordinary shares in the company with a proportionate amount of the issued share capital of up to EUR 22,615,647.60 according to the more detailed specifics of the relevant terms of the bond. The conditional capital increase is to be implemented only to the extent that the warrants and/or conversion rights from the warrant and/or convertible bonds are utilized, or the conversion obligations from the bonds are fulfilled, and to the extent that a cash compensation cannot be granted, or treasury shares used, to fulfill the obligation. The Management Board is authorized to determine the further specifics relating to the performance of the conditional capital increase (Conditional Capital 2010). The conditional capital was entered in the commercial register on August 31, 2010. By way of resolution of the General Meeting of ALNO AG of July 29, 2009, the Managing Board was authorized to acquire treasury shares up to 10 % of the issued share capital entered in the balance sheet as of the date of the General Meeting pursuant to Section 71 (8) No. 8 of the German Stock Corporation Act (AktG). This authorization was valid until January 29, 2011. The existing authorization of the Managing Board was cancelled by way of a resolution of the General Meeting of June 23, 2010, and with effect as of the elapse of the day of the General Meeting. By way of resolution of the General Meeting of June 23, 2010, and with effect as of June 24, 2010, the Managing Board was authorized to acquire treasury shares pursuant to Section 24 (1) No. 8 of the German Stock Corporation Act (AktG). The authorization to acquire treasury shares up to 10 % of the issued share capital entered in the balance sheet as of the date of the General Meeting is valid until June 22, 2015. SIGNIFICANT AGREEMENTS THAT ARE SUBJECT TO A CHANGE OF CONTROL FOLLOWING A TAKEOVER OFFER There were no such agreements as of the balance sheet date. COMPENSATION AGREEMENTS The company has entered into no agreements with Managing Board members or employees for the instance of a takeover offer.
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100 % FUTURE 2010 ANNUAL REPORT
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GROUP FINANCIAL FIGURES YEAR-ON-YEA
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3 100 % FUTURE — 2010 Annual Repo
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6 HISTORY 1960 1969 1927 1957 1958
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8 THE MANAGING BOARD The Managing B
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10 KEY ISSUES DISCUSSED IN PLENARY
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12 statements. Having concluded its
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14 THE ALNO SHARE ALNO (FRANKFURT)
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16 accrued to ALNO AG as a conseque
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19 1OO % FUTURE 20 ALNO brands 22 S
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21 ALNO ALNO is the Group‘s premi
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23 100 % Design - We embody a passi
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27 WHAT EVERYONE DREAMS OF Try and
Page 31 and 32: 29 SE 100 % Lifestyle - Into the fu
Page 35 and 36: 33 WE SHARE THE SAME VISION OF PEOP
Page 37 and 38: 35 100 % Synergy - We have already
Page 39 and 40: 37 WE HAVE TAKEN THE FIRST step tow
Page 41: 39 1OO PERCENT EFFICIENCY ESPRIT- H
Page 44 and 45: 42 GROUP MANAGEMENT REPORT OF ALNO
Page 46 and 47: 44 II. GROUP STEERING The Group is
Page 48 and 49: 46 IV. MARKET AND COMPETITIVE ENVIR
Page 50 and 51: 48 V. PRODUCTS AND PRODUCTION The A
Page 52 and 53: 50 A study that ALNO AG mandated in
Page 54 and 55: 52 VIII. TARGETS AND STRATEGY The p
Page 56 and 57: 54 IX. FINANCIAL POSITION AND RESUL
Page 58 and 59: 56 Amortization of intangible asset
Page 60 and 61: 58 Revenue volumes for ALNO AG fell
Page 62 and 63: 60 the period under review with the
Page 64 and 65: 62 There was a significant, EUR 19.
Page 66 and 67: 64 B. REPORT ON EVENTS AFTER THE BA
Page 68 and 69: 66 Production of ESPRIT home kitche
Page 70 and 71: 68 c. REPORT ON OPPORTUNITIES AND R
Page 72 and 73: 70 Exchange rate risks Currency exc
Page 74 and 75: 72 invoicing process to be fully au
Page 76 and 77: 74 d. OTHER INFORMATION I. CORPORAT
Page 78 and 79: 76 RELEVANT INFORMATION ON CORPORAT
Page 80 and 81: 78 THE PRESIDENTIAL COMMITTEE CONSI
Page 84 and 85: 82 III. KEY CHARACTERISTICS OF THE
Page 87 and 88: 85 CONSOLIDATED FINANCIAL STATEMENT
Page 89 and 90: 87 CONSOLIDATED STATEMENT OF COMPRE
Page 91 and 92: 89 CONSOLIDATED CASH FLOW STATEMENT
Page 93 and 94: 91 NOTES TO THE CONSOLIDATED FINANC
Page 95 and 96: 93 2. AMENDMENTS TO ACCOUNTING METH
Page 97 and 98: 95 • Improvements to IFRSs 2010:
Page 99 and 100: 97 • IFRS 13 - Fair Value Measure
Page 101 and 102: 99 Exchange rate gains and losses a
Page 103 and 104: 101 Property, plant and equipment P
Page 105 and 106: 103 Overview of the cash generating
Page 107 and 108: 105 Securities and participating in
Page 109 and 110: 107 5. KEY DISCRETIONARY DECISIONS,
Page 111 and 112: 109 4. COST OF MATERIALS In EUR tho
Page 113 and 114: 111 8. AMORTIZATION OF INTANGIBLE A
Page 115 and 116: 113 Deferred taxes comprise the fol
Page 117 and 118: 115 D. NOTES TO THE CONSOLIDATED BA
Page 119 and 120: 117 3. FINANCIAL ASSETS As of Decem
Page 121 and 122: 119 8. OTHER CURRENT ASSETS In EUR
Page 123 and 124: 121 On April 10, 2007, Küchen Hold
Page 125 and 126: 123 ABAG Aktienmarkt Beteiligungs A
Page 127 and 128: 125 According to the wording of the
Page 129 and 130: 127 c. Accumulated other comprehens
Page 131 and 132: 129 Apart from the interest expense
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131 13. SHAREHOLDER LOANS During th
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133 E. DISCONTINUED OPERATIONS In f
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135 2009 By segment in EUR thousand
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137 H. MANAGEMENT OF FINANCIAL RISK
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139 Kitchens manufactured by the AL
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141 Aggregated by measurement categ
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143 J. RELATED PARTIES Insofar as t
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145 Further mandates exercised by S
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147 (previous year: EUR 209 thousan
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149 The item relating to auditing s
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151 to be nominated by Küchen Hold
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153 P. DECLARATION OF CONFORMITY PU
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155 Without qualifying this opinion
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100 % FUTURE - ALNO

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