DGAP-News

Alphaform AG: Alphaform streamlines its statement of financial position, accelerates realignment, change in the Management Board by mutual agreement - Seite 3

equity ratio declined from 60% to 42%.

For the 2013 financial year, earnings per Alphaform share sunk to EUR-1.16
after EUR 0.10 in the previous year. At the Annual General Meeting in
Munich on 5 June 2014, the Management Board will propose that the net loss
for the year is carried forward and no dividend is distributed.

Hanns-Dieter Aberle new Management Board

The previous Management Board Dr Thomas Vetter has been relieved of his
position with immediate effect. His successor is the physicist Dr
Hanns-Dieter Aberle. The change in the Alphaform Management Board was by
mutual agreement. The Alphaform Supervisory would expressly like to thank
Mr Vetter for the work he has done.

Vetter headed Alphaform since January 2008. The Management Board agreement
of Mr. Vetter who has a Ph.D. in engineering ran until the end of 2014.
Since the third quarter of 2013, Vetter intensively advanced the
restructuring process at Alphaform - in respect to both operations and the
financial situation. He thus ensured the company obtained fresh funds of
EUR 3.3 million in February this year. From the perspective of all those
involved, this results in an ideal time for an early change at the top,
especially as Vetter had declared his willingness to provide ongoing
consultancy to Alphaform. Hanns-Dieter Aberle, the new Management Board,
played a material role in the recent restructuring measures in an advisory
capacity.

Hanns-Dieter Aberle is a respected expert of many years in the areas of
laser technology 3D printing. Over the last eight years, the physicist with
a Ph.D. worked as an interim manager for SMEs in the mechanical engineering
segment, primarily in the areas of laser technology and 3D printing. One of
his previous positions was Managing Director of Digma, the tool
manufacturer.

Forecast for 2014

Industrial 3D printing is regarded as one of the great growth markets of
the future. Despite the disappointing operating business, this is also
reflected in the positive performance of the Alphaform share. The Alphaform
AG Management Board also assesses the growth opportunities in a positive
fashion and is convinced that it will be able to bring the company back on
the track to success quickly.

For the 2014 financial year, Alphaform AG expects to achieve revenue of
approximately EUR 30 million and a significant earnings improvement against
the previous year. As a result of the necessary restructuring expenses, for
the 2014 financial year the Management Board expects a net loss to the
order of EUR 1 million, due primarily to restructuring expenses.

Key figures of the Alphaform Group