Under Section 15 of the German Securities Trading Act (WpHG), the Management Boards of listed companies are obliged to publish without delay any facts which may potentially have an adverse or beneficial impact on the company’s share price. These Ad-hoc announcements are mandatory where the following conditions are in place:

• A new fact which was previously not publicly known has come to light.
• The fact has materialised in the issuer’s sphere of activity.
• The fact has real or potential implications for the issuer’s assets, financial position or general business trend.
• In light of the above, the fact may potentially have a considerable adverse or beneficial impact on the share price or, in the case of listed bonds, detract from the issuer’s ability to service these securities.

The Management Board of Ahlers AG takes the stipulations of the Federal Securities Trading Supervisory Authority very seriously and is committed to responsible use of this instrument.