DGAP-News: ALNO AG attracts a new major shareholder


DGAP-News: ALNO AG / Key word(s): Capital Increase
ALNO AG attracts a new major shareholder

30.03.2015 / 14:13

---------------------------------------------------------------------

PRESS RELEASE


ALNO attracts a new major shareholder



  - Nature Home Holding Company subscribes to 5.5 million new shares

  - The issuing price at 1.05 euros is significantly above the current
    price

  - The investor is a sales partner in China, and will in future hold 9.09
    percent of the share capital of ALNO AG


Pfullendorf, March 30, 2015 - ALNO AG has attracted Nature Home Holding
Company Limited, Cayman Islands, ("Nature") as a further anchor
shareholder. Nature, listed on the Hong Kong Stock Exchange, has today
concluded an investment agreement with ALNO AG under which it undertakes to
buy new ALNO AG shares derived from a capital increase for cash from the
existing authorised capital which is still to be undertaken. The company
will issue 5.5 million new shares with shareholders' subscription rights
excluded at the issuing price of 1.05 euros per new share. Nature will
purchase all the new shares. Furthermore, Nature has announced that it
purchased about 1.375 million shares recently. This means the company will
in future hold a total of about 9.09 percent of the share capital of ALNO
AG. Nature and ALNO have already been working together in China for two
years.

"We are delighted to have attracted Nature as a further anchor shareholder
for ALNO AG. This demonstrates the high level of confidence that our
Chinese partner has for us and in us," says Max Müller, CEO of ALNO AG,
with pleasure. "This strengthens our company on international markets in
particular, as well as in the German capital market. At the same time, the
investment by Nature gives us further motivation to focus all our efforts
on pushing ahead with the reorientation of ALNO AG," continues Müller.

According to Se Hok Pan, CEO and Chairman of the Board of the Nature Home
Holding Company, "This investment is an important development in the mutual
cooperation between ALNO and Nature. We are looking forward to a
long-lasting partnership with ALNO."


ALNO AG receives about 5.8 million euros from the capital increase


The capital increase provides ALNO AG with liquid funds amounting to about
5.8 million euros in total. The new capital is to be used first and
foremost to push ahead with the reorientation of ALNO AG so as to deliver a
sustainable improvement to the basis for the company's operating results.


More than 4,000 "Nature" shops in China


The Nature Home Holding Company Limited is listed on the Hong Kong Stock
Exchange and employs about 3,500 people. Nature produces and sells products
which include floor coverings, wardrobes, wooden doors and kitchen
cabinets. The "Nature" brand is one of the market leaders in the Chinese
floor covering market. The company operates more than 4,300 stores. Its
products are drawn from its own production as well as being sourced from
established manufacturers.


"Ideal combination" since two years 


Nature and ALNO have been working together in China since July 2013. Nature
is the exclusive cooperation partner for "Wellmann" products in China. It
attracts dealers who open kitchen studios and flagship stores in China with
sizes ranging from 200 to 800 square metres, under the "Wellmann" name. The
preferred locations will be exclusive shopping areas in large cities. Five
showrooms have already been opened, and the number is expected to reach up
to 20 by the end of 2015.

ALNO CEO Max Müller: "The commercial successes achieved so far have
prompted Nature to make a long-term investment in ALNO AG. At the same
time, this investment will guarantee us a profitable business in China for
the foreseeable future. For us, that represents an ideal combination and is
certainly unparalleled in the German kitchen industry."



About ALNO AG:
ALNO AG is one of Germany's leading kitchen manufacturers, with a staff of
around 2,300 employees. The business area encompasses development,
production and sale of kitchen furniture as well as on selling electrical
appliances and accessories. From its seven national and international
production sites, the corporation provides a full range of kitchens to
worldwide markets. In addition to the core ALNO brand, the ALNO Group also
owns the Wellmann, Impuls, Pino, Piatti and ALNOINOX brands. The ALNO Group
operates in more than 64 countries worldwide with over 6,000 sales
partners. In financial year 2013, the company recorded sales revenue of 395
million euros. Around 33 per cent of this revenue was generated abroad.


Contact:

Jürgen Schulze-Ferebee
Head of Corporate Communications & Investor Relations

ALNO AG
Heiligenbergerstrasse 47
88630 Pfullendorf, Germany
Tel.: +49 / 75 52 / 21 - 33 16
Fax: +49 / 75 52 / 21 - 77 3316
Email: presse@alno.de
www.alno.de


Legal note:
This press release may contain certain forward-looking statements that are
based on current assumptions and prognoses made by the corporate management
of ALNO AG or its affiliated companies. Various known and unknown risks and
uncertainties as well as other factors may lead to significant deviations
in the actual results, financial position, development or performance of
ALNO AG and its affiliated companies from the opinions and estimates
provided here. Neither ALNO AG nor its affiliated companies are under any
obligation to update such forward-looking statements or to revise them in
light of future events or developments.



---------------------------------------------------------------------

30.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language:    English                                            
Company:     ALNO AG                                            
             Heiligenberger Straße 47                           
             88630 Pfullendorf                                  
             Germany                                            
Phone:       +49 7552 21 0                                      
E-mail:      info@alno.de                                       
Internet:    www.alno.de                                        
ISIN:        DE0007788408, DE000A1R1BR4                         
WKN:         778840, A1R1BR                                     
Listed:      Regulated Market in Frankfurt (General Standard),  
             Stuttgart; Regulated Unofficial Market in Berlin,  
             Dusseldorf, Munich                                 
 
 
End of News    DGAP News-Service  
---------------------------------------------------------------------  
339185 30.03.2015