DGAP-Adhoc: Ahlers’ first-half sales and earnings according to plan. Sales growth expected to slow down in second half of the year. 2007/2008 net result will be below the previous year’s level.

| Source: EQS Group AG EQS Group AG 

Ahlers AG / Half Year Results

15.07.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------

Ad hoc-release pursuant to sec. 15 WpHG

Ahlers AG, Herford

ISIN DE0005009708 and ISIN DE0005009732

Ahlers’ first-half sales and earnings according to plan. Sales growth
expected to slow down in second half of the year. 2007/2008 net result will
be below the previous year’s level.

Primarily on the back of strong 20 % growth in its premium segment the
Ahlers Group boosted its sales revenues from EUR 121.3 million to EUR 129.6
million (+7 percent) in the first half of the fiscal year. All premium
brands - pierre cardin, Baldessarini and Otto Kern - grew dynamically.

Due to the planned sales growth, the operating result before effects
related to prior periods increased by 82 percent. Group profit after tax
declined from EUR 3.3 million to EUR 1.7 million, reflecting numerous
positive special effects in the previous year such as the release of
provisions, a high positive financial result following the sale of eterna
and the capitalisation of tax assets.

In view of the deterioration in the economic environment, the Ahlers Group
expects sales growth to slow down in the second half of 2008. Management’s
aim for the second half of the year is to generate earnings after tax in a
similar amount as in the previous year (EUR 6.4 million in H2 2006/07). The
Management Board had originally expected sales to grow evenly in both
half-years and projected stable net earnings in spite of the positive
special effects of the previous year.

Herford, July 15, 2008

The Management Board

Ahlers AG

Elverdisser Str. 313

32052 Herford
DGAP 15.07.2008 
---------------------------------------------------------------------------
Language:     English
Issuer:       Ahlers AG
              Elverdisser Straße 313
              32052 Herford
              Deutschland
Phone:        +49 (0)5221 979-0
Fax:          +49 (0)5221 725 38
E-mail:       ahlers-ag@ahlers-ag.com
Internet:     www.ahlers-ag.com
ISIN:         DE0005009708, DE0005009732
WKN:          500970, 500973
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
              Freiverkehr in Berlin, München, Stuttgart
End of News                                     DGAP News-Service
---------------------------------------------------------------------------