Quarterly Report – Q1 2009

Overview of company results

in EUR million	3 months 2009	3 months 2008	%
Revenues	16.49	38.61	57.3
Total operating revenues	21.30	37.08	42.5
Earnings before interest & taxes [EBIT]	–4.96	5.58	–
EBIT margin [in %]	–	14.5	–
Earnings before taxes [EBT]	–4.87	5.58	–
Net income	–4.69	4.24	–
Earnings per share [EPS]	–0.96	1.19	–
Operative cash flow	5.25	–1.75	–
Equity ratio [in %]	72.6	71.8	0.8 Ppt.
Net debt	–51.1	–15.5	229.7

to our shareholders

02 | Letter to the Shareholders

08 | Manz Automation AG Shares

Group Interim Report

12 | Business Report
32 | Events After the Balance Sheet Date
34 | Risk analysis and forecast

Consolidated Interim Financial Statements & Notes

40 | Consolidated Interim Financial Statements 48 | notes to the consolidated interim financial statements

Letter to the shareholders

Dear Shareholders,

The first three months of the new 2009 fiscal year were characterized by a difficult market environment. The effects of the financial crisis are having an impact on our clients and, by extension, on us as well. Clients are only carrying out planned investments with much caution. But changes to the conditions for receiving grants in Spain are having wide-reaching effects on the entire sector, causing a further increase of cost pressure on manufacturers of solar cells.

The market situation during the reporting period is also evident in the changes to revenues and earnings. Thus, in the first three months of the year, we generated revenues of 16.49 million euros after achieving 38.61 million euros in the same period last year, which is equal to a decline of 57.3%. With regard to earnings before interest and taxes [EBIT], we recorded a loss of 4.96 million euros after a profit of 5.58 million euros in the previous year. Therefore, our Group result for the period totaled –4.69 million euros [previous year: 4.24 million euros].

We were able to react quickly to the low number of new orders in the first three months of the year and applied for "Kurzarbeit" [reduced hours for employees with the salary difference being paid by the Federal Employment Office] for our locations in the German cities of Reutlingen and Tuebingen from May/June. This plan calls for a 20% reduction in working hours for an initial period of six months. We do not yet foresee any significant improvements to our order volume in the first half of 2009. We have been able to significantly reduce costs at our production facilities in Taiwan, China, and Slovakia through the cutting of comp time and by making adjustments to our workforce. At the same time, we are combining the use of reduced hours with an intensive advanced training program for our employees. This measure is consistent with the planned expansion of our research and development activities and the further optimization of our company's procedures and processes. In taking these steps today, we are already establishing the basis from which we will drive innovation as a provider of leading automation and system solutions for the solar industry in the future. Because regardless of the current market situation, the solar industry will overcome the current economic crisis and return to the dynamic growth rates of previous years.

As a result of the financial crisis, the solar industry is currently in a state of market consolidation. In particular, financing problems on the parts of investors are causing solar cell manufacturers to see a decline in sales. As a result, projects and shipments from manufacturers of solar cells and modules are being delayed, which simultaneously causes planned investments for new machines to be postponed. In addition, the amended regulatory framework in the Spanish market limiting new installations to 500 MW – after approx. 2,500 MW of new equipment was installed last year – has increased the excess supply of solar products and accelerated the decline in prices for solar cells and modules again this year. We see this trend toward a reduction in the currently still incredibly high margins as positive. On the one hand, solar technology will finally be able to become mainstream. This will result in significantly reduced prices for consumers and investors, making solar cells increasingly more attractive to a continuously expanding target group. Finally, as the forecasts from experts confirm, the resulting increase in demand will revitalize the market. On the other hand, the reduction in margins along the entire value chain will contribute to grid parity being reached [1 The point at which photovoltaic electricity is equal to or cheaper than grid power.], particularly in regions with many hours of sunlight and high electricity prices. For these reasons, the outlook for the solar industry over the mid- and long-term is quite promising. We are confident that photovoltaic power will become an integral part of the energy mix of the future.

That's why our priorities for fiscal year 2009 will be set on research and development activities. Because only those suppliers that can provide innovative solutions and offer clients the largest potential toward increasing throughput speed while simultaneously improving cell efficiency will be able to successfully overcome the current economic crisis. For this reason, we are using the time wisely and advancing our R&D activities and, as a technological leader, further improving our high-tech products. Specifically, this pertains to increasing output through improved cell efficiency, increased product quality, and reduced setup times. But we are also striving for improvements in other areas such as a reduction in the use of materials and energy by using thinner wafers with minimal breakage rates. As a high-tech equipment manufacturer, we see growth potential in these markets that we want to use.

With the acquisition of Intech in fiscal year 2008, the wet chemical cleaning production step from the LCD segment was carried over into the solar segment. In addition to machines for glass cleaning, Manz will also provide mechanical and laser scribing equipment as well as machines for laser edge ablation. The linking of individual production steps is the basis for the automation solutions – one of Manz Automation's central areas of expertise. In this way, we once again benefit from the synergies created between the LCD and solar segments as well as from our R&D competence, which forms the basis of this new order.

With the measures described, our long-term corporate strategy, and the positive outlook for the solar industry in the coming years [after the consolidation of the market is complete], we are confident that we will emerge from the current crisis stronger than before. We would like to thank our shareholders, clients, and employees for placing your trust in us!

The Managing Board

Dieter Manz Martin Hipp Volker Renz Otto Angerhofer Chairman of the Managing Board

Martin Hipp Volker Renz Dieter Manz Otto Angerhofer

Manz automation AG shares

2009 Financial Calendar

Date
Jun. 16, 2009	2009 Annual General Meeting
Aug. 11, 2009	Publication of Half-Year Report 2009
Nov. 09, 2009	Publication of Q3 2009 figures
Nov. 09–11, 2009	German Equity Forum 2009

>> Overview

shareholder structure as of March 31, 2009

>> shareholder structure

Since the capital increase carried out in June of 2008, a high number of Manz Automation AG shares are in free float. Currently at 47.46%, the company has a wide shareholder base. In addition to the founder and chairman of the Managing Board, Dieter Manz, who held a total of 44.49% of shares on the reporting date March 31, 2009, member of the Managing Board, Otto Angerhofer, also holds 3.35% of shares. In addition, Ulrike Manz holds 4.70% of Manz Automation AG shares.

Key Data

German Securities Code Number	A0JQ5U
/symbol ISIN	DE000A0JQ5U3/M5Z
Stock market segment/stock exchange	Prime Standard / Frankfurt
Stock category	No-par-value bearer shares each with a proportionate interest of 1.00 euros in the share capital
Share capital	4,480,054 euros
Number of shares in circulation	4,480,054

>> KEY DATA

Consistent with the overall market, Manz Automation shares were not able to evade the effects of the financial crisis, the incipient recession, and the accompanying increase in volatility. After the stock beat the overall market trend last year, it performed slightly weaker in the first quarter of this year than the Prime IG Renewable Energies Index [ISIN DE0007237810]. As of mid-March, Manz shares have been able to overcome this weak phase and are moving parallel to the comparable index.

As of the reporting date March 31, 2009, the company's market capitalization totaled 139.1 million euros, but it has increased since the reporting date as the result of a slight improvement in the capital markets.

business report

Market Environment AND COMPANY POSITION

>> Market and Competitive Environment >>> Economic Environment

The German economy has been on a downswing since the middle of 2008. After overall economic performance nosedived more sharply than expected toward the end of 2008, the trend continued in the first quarter of 2009. According to the Institute for Economic Research, the economic climate has cooled even further. Although companies are reporting that the number of new orders continues to slump, they are less pessimistic as before with regard to the coming six months. The German Institute for Economic Research [DIW] expects just as strong a slump in the first quarter of 2009 as in the fourth quarter of 2008, which was calculated to be 2.1%. Leading economic institutes are expecting a decline in gross domestic product [GDP] of 6.0%. According to the institute, the economy will recover slightly in the following year, but a decline of 0.5% is once again being forecast. At the same time, the International Monetary Fund [IMF] predicts negative economic growth in 2009 of 5.6%. This would be the largest decline since the Federal Republic of Germany was founded. According to the IMF, in 2010 the economy will shrink by 1%. Even the previous economic driver, China, saw economic growth fall to a record low at the beginning of the year. Experts now assume that the gross domestic product [GDP] will increase by only between 6.0% and 6.8%, which would be the lowest level since 1992. The Institute for the Economy [IfW] expects that the actual gross domestic product will decrease by 3.7% in 2009. The DIW expects economic output to shrink by even as much as 5.0%.

The entire eurozone is currently in the middle of a severe recession. Despite economic stimulus packages being passed by governments all across Europe, the Institute for Economic Research expects a decline in actual GDP in the first quarter of 1.9%, before falling 0.6% in the second quarter and likely again by 0.2%

in the third quarter. The IMF is forecasting a worldwide decline in global economic growth by 1.3%. According to experts, in 2010 the economy will improve slightly.

With a delay of one year, the economic slump has also had an impact on the German labor market. According to leading economic institutes, the number of those unemployed will rise to 3.7 million this year and to 4.7 million in 2010.

The German Engineering Federation [VDMA] has confirmed these trends for the extremely cyclical engineering sector. After the number of new orders in the industry in January sank to 42% less than the same period last year, in February the figure improved slightly to 40% less than the same period last year. Within this context, new domestic orders declined by 45% while demand from abroad sank by 50% in comparison to the same period last year. With regard to the 2009 fiscal year, the production forecast for April had to be reduced from –7% to between –10% and –20%. However, the Federation expects the turning point to come during the middle of 2009, since inventory will be exhausted by that point and the positive effects of the global economic stimulus packages will begin to take hold. Additionally, this optimism is supported by the current economic activity in Brazil, India, and China. Ultimately, the VDMA does not expect an abrupt turnaround, but a gradual recovery.

Derivation of Projected Module Prices

[Source: LBBW Institutional Equity Research]

Thin-film products Thin film module price [Euro per Watt, scale on left] Technology-weighted module price [Euro per Watt, scale on left] Crystalline module products Crystalline module price [Euro per Watt, scale on left]

>>> systems.solar division

In 2009, industry experts are expecting a significant slowdown in growth in the photovoltaic industry as compared to the previous year. In addition, analysts anticipate an increase in cost pressure primarily for solar cell manufacturers, as well as more intense competition. This will particularly be reflected in an oversupply of solar cells/modules of about 2 GW which will result in falling prices for solar products [discounts of up to 24%]. As a result of the current economic crisis as well as the financing restrictions and overcapacities on the consumer side, the short-term growth perspectives for solar equipment manufacturers are bleak. [2 LBBW – Photovoltaik 2009]

In order to counteract this trend, solar companies must take steps to cut costs. This means personnel and material costs must be reduced and, at the same time, uptime hours and the efficiency of modules must be increased. This will be possible primarily through the use of more efficient, fully automated equipment, and the simultaneous expansion of manufacturing capacities in order to utilize economies of scale. As a supplier of highly innovative solutions, Manz can benefit over the medium term from this need for investment. [3 Germany Trade & Invest – A noticeable reduction in growth anticipated

for the global photovoltaic market in 2009, 2008]

According to the solar market specialists from the Swiss bank Sarasin, new PV installations will only increase by 17% worldwide in 2009, compared to growth of 73% in 2008. A slight decline is even expected for Europe as a result of the dismal outlook in Spain, Europe's second-largest market [behind Germany]. A decree from September 2008 both reduced feed-in tariffs and set the upper limit to the amount of energy which can be fed back into the system at 500 MW. Based on estimates by the analysts at LBBW, this will result in a capacity for possible installations of around 2,700 MW becoming free, which will now be distributed among the remaining markets. At the same

time, the margin pressure along the entire value chain will be accelerated. But the feed-in tariffs were also further reduced in Germany, with an amendment to the German Renewable Energy Law [EEG] from January 1, 2009, cutting them by between 8% and 10%. However, this effect will be compensated for by the reduction in price of PV systems, meaning that investments can still be attractive. [4 Bank Sarasin & Cie AG – Study:

"The solar industry anticipates difficult times ahead," 2008]

Even though the outlook for 2009 is somewhat subdued, significant growth is still being forecast for the following years. Reaching grid parity is key. Once this happens, renewable energy will be more attractive than fossil fuels, particularly since government subsidies will no longer be necessary over the medium term. Within this context, advancements made to thinfilm solar modules must be particularly highlighted, since this technology is rapidly gaining market share. This technology is characterized by its economical use of the raw material silicon and, as a result, its lower initial costs. Experts forecast an increase in thinfilm technology's market share from 12% currently to 23% by 2012. With regard to the entire global market, Sarasin Bank anticipates growth of 48% by 2020, resulting in 125 GW of power from new installations. [5 Bank Sarasin & Cie AG – Study: "The solar industry anticipates difficult times ahead," 2008]

Currently, the solar market benefits from the significantly reduced spot prices for silicon. These prices could continue to fall as a result of the economic crisis and the related reduction in demand from the semiconductor industry. This development will also cause grid parity to be reached faster and, with it, the subsidy-free competitiveness of solar products.

Developments in the USA are being watched with high expectations, since numerous measures to promote the use of renewable energies are being advanced there. One element of the overall plan was the extension of the investment tax credits [ITC] in October 2008, which extended the tax credits given for the acquisition of solar electricity equipment for another eight years. However, in its current form the ITC loses most of its significance as a result of the economic

Global annual PV market until 2013

crisis, since it is only applicable to those with a high tax load that is not expected to be reached in times of an economic crisis. For this reason, experts anticipate an adjustment being made to the ITC so that the intended increase in demand actually sets in.

Furthermore, the new US president Barack Obama plans to expand the percentage of renewable energies used in the USA from currently 9% to 25%. As a result, 150 billion dollars will be used over the next ten years for new technologies with increased energy efficiency. For example, the power supply system in the USA must be improved and expanded. The solar industry can also benefit from the planned investments in infrastructure. [6 Thüringer Allgemeine – Solar Market USA, 2009; The World – The Obama Effect on Northern Germany's Green Industry, 2009] In the course of realizing these ambitions, the US president signed the "American Recovery and Reinvestment Act of 2009" on February 17, 2009, which envisages a 30% subsidy for renewable energies. Thus, the analysts from Piper Jaffray predict that the the US solar market could double this year to between 600 and 700 MW and reach the size of the German market with 1.5 to 2 GW as soon as 2010.

As a result of the growing Chinese economy and the decrease in reserves of fossil fuels, China will in the future also play a role in the advancement of renewable energies. Thus, solar equipment with a capacity of more than 50 KW will in the future be subsidized with USD 2.93 per watt. The Chinese solar industry will primarily benefit from this plan. But Manz Automation will also be able to participate in this aid program, having the Chinese solar manufacturers Yingli Green Energy and Suntech as part of its clientele. In addition, the Chinese government has set the goal of installing solar equipment on the rooftops of schools, hospitals, and government buildings. Furthermore, the public authorities plan to expand the percentage of renewable energies used to 23% by 2020. This corresponds to an average yearly increase of 6% to 7%.

Manz Automation has established itself on the market as a leading supplier of high-quality technological solutions. By successfully combining long-term experience in system solutions for wet chemistry, in the field of LCD production, and with applications for the production of thin-film solar modules, the Manz Group will gain market share in the future and further expand its leading position as an equipment supplier accepted worldwide. The Manz Group is already a worldwide leader in the field of laser scribing equipment, with a 60% market share. The company is the only supplier outside of Asia with long-term experience in safely handling large glass substrates in cleanroom conditions.

With quality-control and automation systems from the Manz Group, which lead to a clear improvement in production quality and efficiency, value to the client is increased significantly. Manz has had success in setting internationally accepted standards precisely in this segment. The company offers solar cell manufacturers worldwide the ability to counteract the price pressure and profit from the growing global demand for photovoltaic equipment. Manz was able to form trendsetting strategic partnerships with Optomec, Basler, Rofin-Sinar, Masdar, and Roth & Rau, which in the future will set the stage for increases in efficiency in existing equipment and significant potential savings.

>>> systems.lcd division

LCD market trends are primarily driven by the sale of modern LCD flat screens. Declining prices thereby boost the sales of products. As a result of the financial crisis, however, the experts from DisplaySearch are forecasting a decline in growth in the LCD market for 2009. The analysts from iSuppli confirm this trend and predict significant setbacks in growth if the market does not stabilize in the third quarter of 2009. Even so, positive growth is expected over the long term. To that end, the Chinese market [among others] is expected to play an important role. As a result, Display-Search expects the Chinese market for flat-screen displays [LCD and PDP] to grow by an average of 26.7% year over year between 2008 and 2012.

The progressive advancements of LCD televisions, the spread of HDTV [high-definition television], and the decline in prices for larger units are currently the major factors driving the market. Experts see a clear trend towards increasingly larger units. For this reason, manufacturers must invest in state-of-the-art production equipment. Within this context, DisplaySearch reported that February 2009 was the first month to see a positive growth rate for large-sized LCD televisions since September 2008, with a rate of 11%. Despite this positive news, 2009 is still expected to see a 6% decline in growth for the year.

As a leading global supplier of equipment for the handling of glass substrates and wet chemical cleaning, Manz Automation can benefit from the trends in the LCD market over the medium term. However, we are currently dealing with a difficult market, and it is imperative that we prepare for the next investment cycle. For this reason, the company is systematically investing in research and development in the LCD division, in order to be well positioned once the current market consolidation ends.

>>> systems.aico division

The systems.aico division is characterized by its use of synergies and economies of scale. Its business objective is the sale of components and systems that have either been developed for the LCD and solar divisions or purchased additionally as components. Using higher purchasing volumes, the company achieves purchasing benefits while simultaneously increasing the return on proprietary developments. In doing so, we serve a number of different sub-segments such as the packaging industry or tool manufacturers. In addition, the subdivision systems.lab offers innovative solutions for laboratory automation which fulfill the needs of those active in the field of life science.

The relationships with our clients that have grown over the course of many years – such as with the manufacturer Agathon [Switzerland] – particularly contribute to stable and continuous revenues within the Manz Group. Overall, growth in these sub-segments is influenced by the economic trends and the varying investment cycles in these industries. For this reason, system.aico has a stabilizing effect as compared to the systems.solar and systems.lcd divisions, which are highly dynamic. In the future, we expect continued revenue and earnings growth in this division which therefore round out our business model.

Furthermore, the systems.aico division serves as a breeding ground for new business units and technologies. Among other things, as of the current fiscal year a "Other" unit was created in the course of the acquisitions that we carried out, and has been assigned to this segment. Through the acquisition of the former Christian Majer GmbH and the transfer of expertise into Manz Automation's existing technologies, we were able to expand our product portfolio to include machines for the industrial assembly of lithium-ion batteries. At the beginning of the year, we acquired an initial order worth 2 million euros from a leading manufacturer in this field, which secured our entrance into the highly attractive "cleantech" growth market.

>> Employees

As of March 31, 2009, a total of 1,418 employees worked for the company both in Germany and abroad, 358 of which were employed at our company's headquarters in Reutlingen. This corresponds to an additional 701 employees compared to last year, including 66 additional employees at our headquarters. In addition, Manz Automation is responsible for teaching 16 trainees in the areas of mechatronic engineering, industrial mechanics, and electronics, among others.

Based on the number of employees, the largest company in the Group is Intech Machines Co. Ltd. in Taiwan, with 559 employees, followed by Manz Automation Slovakia s.r.o with 242 employees, and then Manz Automation Tübingen GmbH with 121 employees.

>> research & development

In the current fiscal year, we are greatly concentrating on research and development, because only the equipment suppliers who offer the most efficient machines will be successful in the markets of the future. Time and time again, Manz Automation has successfully proven its claim to technological leadership, and in the future we will continue to pursue the same approach. For this purpose, we have entered into groundbreaking partnerships with Optomec, Basler AG, Rofin-Sinar Laser, and Masdar PV. As a result, innovative technologies from our partners were integrated into existing equipment as well as developed jointly, which led to improvements in the efficiency of solar cells. In the future, the company will intensify its work on increasing output through improved cell efficiency, higher product quality, and shorter setup times. In addition, a reduction in the use of materials and energy through the use of thinner wafers with minimal breakage rates is also a goal that Manz Automation's developers are going to pursue.

A prototype of our new equipment for the wet chemical processing of solar cells will be presented at the 24th European Photovoltaic Solar Energy Conference and Exhibition in Hamburg in September – an inline machine for etching of phosphosilicate glass. Using this technology, the layer which forms on the surface of the wafer during phosphorus diffusion and acts as an isolator can be removed. In doing so, this system represents another step toward improving the efficiency of crystalline solar cell modules.

Furthermore, we also continued to advance our partnership with Roth & Rau, which is currently unique in the industry. During the first quarter, close discussions took place regarding both sales and development. During these discussions, milestones for our partnership were defined. The planned steps will now be implemented on an operational level. Working together we hope to be able to offer clients a fully automated, high-performance production line for the manufacture of crystalline silicon solar cells from one source. In addition, our mid-term planning also sees us launching a new generation of turnkey production lines together. These will enable crystalline solar cells with significantly increased efficiency to be manufactured, offering solar cell manufacturers the potential for considerable savings.

In total, Manz Automation AG had a ratio of research costs to sales of 11.7% in the first quarter [previous year: 5.2%]. If we only consider capitalized development costs, the research cost ratio totals 4.6%.

Notes to the results and analysis of the financial situation

>> EARNINGS POSITION

The company's profit and loss statement is organized according to the total cost method.

In the first three months of the current 2009 fiscal year, revenues decreased from 38.6 million euros in the previous year to 16.5 million euros, which is equal to a decline of 57.3% compared to the same period last year. This is primarily due to the difficult market environment and the effects of the financial crisis which are being felt particularly by our company's clients. Since financing is no longer available, larger projects and therefore the investment in new equipment is being postponed for the time being.

In comparison to the same period last year, Manz Automation recorded significant declines in almost all segments. Thus, in the systems.solar division, the Manz Group generated revenues in the first three months of 2009 totaling 8.2 million euros, equal to 49.8% of total revenues [previous year: 26.6 million euros]. Primarily the thin-film segment was affected, which only contributed approx. 0.3 million euros, making up 4.2% of the division's revenues [previous year: 15.3 million euros]. This decline can be traced back to the comparatively high investment costs for a thin-film solar module production line and the financing difficulties module manufacturers are currently facing.

The systems.lcd division accounted for 21.3% of the Manz Group's total revenues. The division posted revenues of 3.5 million euros after posting 2.5 million euros in the same period last year, which is an increase of 40%.

With 14.1% of the Group's total revenues, the systems.aico division, operated by Manz Automation Tübingen GmbH, saw a decline in its share of total revenues, posting 2.3 million euros in the period [previous year: 3.3 million euros].

The result of acquisitions made in the previous year, the new "Other" division accounted for a significant portion of total revenues, contributing 2.4 million euros or approx. 14.8% of total revenues, as compared to 6.3 million euros in the same period last year. Products from Intech Machines Co. Ltd. in Taiwan were responsible for the lion's share of revenues in this division, among them wet chemical processing equipment for the PCB industry.

Revenue Structure by Division – 3 Months 2009

Revenue Structure by Regions – 3 Months 2009

Subdivided according to regions, Manz Automation generated the following revenues around the globe: in Germany, the company generated revenues of 5.2 million euros after generating 17.7 million euros in the previous year [equal to 31.7% of total revenues]. With a total of 8.2 million euros, Manz generated the largest share of revenues in Asia, with 49.7%. Manz posted revenues of 11.1 million euros in Asia for the same period last year. In the USA, revenues of approximately 0.3 million euros were achieved [previous year: 1.9 million euros]. In the rest of Europe, Manz generated revenues of approximately 2.8 million euros [previous year: 7.6 million euros].

Together with the changes in inventory of finished goods as well as the internally produced and capitalized assets within the scope of increased R&D investments, Manz Automation AG's total operating revenues sum up to 21.3 million euros. This is equal to a decline of 42.5% compared to the same period last year [37.1 million euros].

The outsourcing of assembly services was reduced as a result of a better use of our in-house capacities, which is why our cost of materials ratio decreased from 54.8% last year to 46.6% this year. As a result of our decline in revenues, material expenditures totaled 9.9 million euros as compared to 20.3 million euros in the same period last year. Our gross profit decreased accordingly in the reporting period from 17.5 million euros to 12.9 million euros. This includes other operating income totaling 1.5 million euros [previous year: 0.7 million euros], which is primarily the result of capital gains.

As a result of the acquisitions made in fiscal year 2008, our workforce increased significantly and totaled 1,418 employees on March 31, 2009. We already made adjustments to our capacities abroad in the first quarter of 2009 in order to reduce costs [Dec. 31, 2008: 1,513 employees]. The company plans on retaining the current level of personnel in order to fully satisfy the expected increased demand once the current crisis ends. Personnel expenses increased from 7.2 million euros during the same period last year to 10.2 million euros. As a result of our decline in revenues, the personnel costs ratio increased from 19.5% last year to 47.7%. In the first three months of the year, we carried out write-downs totaling 1.7 million euros [previous year: 0.6 million euros]. This figure primarily contains write-downs on fixed assets as well as internally produced and capitalized assets. Other operating expenses comprise marketing and sales costs, particularly logistics costs, costs for administration, as well as consulting costs. In addition, as a cautionary measure, receivables totaling 1.7 million euros were written off by our subsidiary Manz Intech Machines Co. Ltd. As a result, other operating expenses totaled 6.0 million euros [previous year: 4.0 million euros]. At –5.0 million euros, earnings before interest and taxes [EBIT] was negative in the first quarter as a result of the cost structure which was still elevated [previous year: 5.6 million euros].

When examining the individual segments, the systems.solar division recorded an EBIT of –2.6 million euros, down from 5.2 million euros last year. In the systems.lcd division, EBIT decreased to –2.1 million euros [previous year: 0.3 million euros]. The systems. aico division saw a decline in EBIT to 39 thousand euros after recording 0.3 million euros in the same period last year. And in the new "Other" division, created from the product ranges of the three companies acquired last year, the segment EBIT remained unchanged from last year at –0.3 million euros.

Interest-bearing financial liabilities, some of which are non-current, are held by the subsidiary companies. However, these interest expenditures are offset by current investments. During the first three months, income from financial assets altogether totaled 96 thousand euros. Earnings before taxes [EBT] decreased from 5.6 million euros in the first quarter last year to –4.9 million euros this year.

After taxes and minority shares, the Group's earnings for the period totaled – 4.3 million euros. Based on an average of 4,480,054 shares outstanding, this corresponds to earnings per share of – 0.96 euros [previous year: 1.19 euros per share, based on 3,584,043 shares].

>> Asset Position

As of the reporting date, total assets decreased slightly during the first three months of fiscal year 2009. On March 31, 2009, they equaled 254.6 million euros, down from 266.5 million euros on December 31, 2008. At the same time, shareholder's equity on the balance sheet decreased as a result of the loss in the period from 191.2 million euros to 185.0 million euros. The equity ratio on the reporting date was equal to 72.6%, up from 71.8% on December 31, 2008.

Standing at 17.4 million euros, non-current liabilities at the end of the reporting period were down slightly compared to the end of 2008 [18.3 million euros]. In addition to a reduction in deferred taxes, the non-current financial liabilities of the subsidiaries Manz Automation Slovakia s.r.o and Intech Machines also played a significant role in this decrease. These liabilities were down to 4.2 million euros from 4.8 million euros on December 31, 2008. Pension reserves from Manz Automation Tübingen GmbH also decreased as scheduled.

At the end of the first quarter, current liabilities totaled 52.3 million euros, also down slightly compared to their total of 57.0 million euros on December 31, 2008. This was primarily the result of a decrease in accounts payable from 24.0 million euros to 19.8 million euros, which can be attributed to continuing operations. We posted a minor increase in advance payments received as a result of new orders in the first quarter. Advance payments as of the reporting date totaled 5.8 million euros [previous year: 3.3 million euros]. In addition, other liabilities decreased to 2.3 million euros [previous year: 6.5 million euros]. Furthermore, current financial liabilities increased to 13.9 million euros, primarily as a result of short-term financing for a current account by Manz Intech Machines Co. Ltd.

On the asset side, non-current fixed assets increased from 60.6 million euros to 61.6 million euros. At the same time, the deferred taxes on the asset side increased from 1.1 million euros to 1.8 million euros, caused in particular by the loss in the period.

Current assets decreased from 205.9 million euros at the end of the 2008 fiscal year to 193.0 million euros. Inventories increased from 33.0 million euros in the previous year to 45.4 million euros, primarily as a result of the manufacture of semifinished goods. Because of the slump in operations in the first quarter of 2009, accounts receivable decreased from 101.4 million euros to 74.0 million euros. Liquid assets increased accordingly from 33.9 million euros to 37.8 million euros.

>> Liquidity Position

Manz Automation AG generated a cash flow in a narrower sense [annual net income plus write-downs on fixed assets as well as an increase/decrease in longterm pension provisions] in the first quarter of –3.1 million euros. This is equal to a decrease of 8.0 million euros after 4.9 million euros in the previous year. Taking changes to working capital into account, the company generated an operative cash flow of 5.3 million euros, an increase of 7.0 million euros compared to the same period last year. This can be explained by the cutback in requirements and the decline of need for working capital as a result of the loss in revenue.

After –9.8 million euros in the previous year, cash flow from investment activities totaled –1.6 million euros. These investments were made primarily in the introduction of the SAP system which, in the future, will further optimize operative processes.

Cash flow from financing activities decreased at the end of the reporting period to 0.1 million euros from 39.0 million euros in the same period last year. This is primarily due to the repayment of overdraft loans.

EVENTS AFTER THE BALANCE SHEET DATE

On April 8, 2009, the company published the resolution to react to the changes in market conditions by using reduced working hours in Germany and making adjustments to capacity in factories abroad. As a result, employees at our locations in Reutlingen and Tuebingen began working on a reduced schedule in May/June of 2009. This schedule will continue for an initial period of six months, with working hours being reduced to 80%. Further adjustments will be made based on changes to the number of new orders we receive. Since the beginning of the year, we have already been able to significantly reduce costs at our production facilities in Taiwan, China, and Slovakia through the cutting of comp time and by making adjustments to our workforce.

Further events which would have had a significant impact on our financial situation have not occurred after the end of the quarter.

Risk analysis and forecast

GROUP Interim REPORT | Risk analysis and forecast | 35

Manz Automation opportunities and risks

In comparison with the 2008 Annual Report, the following additional risks have arisen:

>> Risks due to client insolvency

The crisis in the financial markets has had negative effects on the real economy. Due to financing problems experienced by our company's clients and the unavailability of refinancing options for listed companies on the capital markets, the risk for companies to declare bankruptcy has increased. In such a case, our company could possibly be confronted with a loss of receivables which could have a negative impact on the company's revenues and earnings position. Furthermore, a client declaring bankruptcy would also mean the loss of possible follow-up orders from that client.

>> Risks from the cancellation of orders

The postponement or cancellation of planned client projects may occur as a result of the insecurity of the market's participants. Similarly, financing problems experienced by the company's clients are also possible. Both can contribute to a cancellation of orders, since investments in new equipment is no longer being made. This would have a negative impact on our order volume and therefore our company's revenues and earnings position.

>> Risks from Contracts with Suppliers

Long-term contracts with suppliers and sub-contractors lead to the requirement to purchase materials and components that we have already ordered, even in this difficult market situation. This can lead to an increase in the company's inventory and, as a result, ties up more of the company's capital. This can have an impact on our company's revenues as well as our earnings and liquidity position.

Outlook

Outlook Numerous experts predict that the entire year of 2009 will present a significant challenge to the solar industry as a result of the continuing economic crisis and the increased cost pressure. However, through our extremely solid financing structure and our outstanding R&D expertise, the Managing Board of Manz Automation AG is confident that our company will come out of the current crisis stronger than before. The solar market will benefit from the reduction in costs over the medium term and gain new steam from the industrial manufacture of solar cells. As a result, the significant growth in the industry predicted by analysts over the medium term will return, and Manz Automation will be a part of that growth.

As a result of the current market situation and the present volume of orders totaling 93 million euros, the Managing Board does not expect to reach the revenues and earnings totals of the previous year. In addition, the Managing Board is expecting a negative EBIT for the first half of 2009. However, with regard to the entire 2009 fiscal year, we are aiming for a balanced EBIT, since the measures taken to reduce costs, such as the use of reduced hours and compensatory time, will only then become effective. At the same

time, the company has a very solid financial structure at its disposal. With an equity ratio of 73% and liquid assets totaling approx. 70 million euros, Manz Automation is well prepared for the future challenges to advance goal-oriented investments – even in the current market situation.

Overall, Manz Automation will systematically continue to pursue its long-term corporate strategy. Drawing on the partnerships entered into in the past months and an outstanding level of R&D expertise, the management is confident that the company will benefit from the current developments. Because suppliers such as Manz must use groundbreaking innovations in order to offer solar manufacturers solutions with the largest potential to improve lead time and simultaneously improve the efficiency of solar cells. That's why our priorities for fiscal year 2009 will be set on research and development activities. Our company will systematically use the time to advance these innovative solutions until they are ready for the market. This will allow Manz Automation to further expand its technological lead and return to its growth course once the economic crisis subsides.

Consolidated interim financial statement & notes

CONSOLIDATED Interim FINANCIAL STATEMENT & NOTES | 41

Consolidated interim financial statement

Consolidated Statement of Income in EUR thousand

	Jan. 01 - Mar. 31, 2009	Jan. 01 - Mar. 31, 2008

Revenues	16,487	38,607
Changes in inventory	4,053	–1,856
Internally produced and capitalized assets	761	325
Total operating revenues	21,301	37,076
Other operating income	1,533	682
Material expenditures	–9,932	–20,304
Gross profit/loss	12,902	17,454
Personnel expenses	–10,159	–7,224
Write-downs	–1,722	–628
Other operating expenses	–5,984	–4,020
Earnings before interest and taxes [ EBIT ]	–4,963	5,582
Result from equity-accounted financial investments	– 5	10
Financial income	307	262
Financial expenses	– 206	– 272
Earnings before taxes [ EBT ]	– 4,867	5,582
Taxes on income	182	–1,341
Consolidated operating profit	– 4,685	4,241
Portion of earnings from minority interests	– 403	– 24
Portion of earnings from shareholders
M anz Automation AG	– 4,282	4,265
Earnings per share
E arnings per share [undiluted ] in EUR per share	– 0,96	1,19
E arnings per share [diluted ] in EUR per share	– 0,95	1,19

Consolidated balance sheet IFRS in EUR thousand

	Mar. 31, 2009	Dec. 31, 2008

Ass ets
Non-current assets	61,630	60,562
I ntangible assets	42,911	42,858
T angible assets	16,423	16,147
E quity-accounted financial investments	308	313
D eferred taxes	1,769	1,055
O ther non-current assets	219	189

Current assets	193,008	205,941
I nventories	45,350	33,034
A ccounts receivable	74,001	101,352
I ncome tax receivables	253	53
D erivative financial instruments	697	2,685
O ther current receivables	3,386	2,934
S ecurities	31,549	31,945
L iquid assets	37,772	33,938
Total assets	254,638	266,503

Equity and Liabilities
Equity	184,963	191,228
S hare capital	4,480	4,480
C apital reserves	144,152	144,122
T reasury shares	–203	–203
R evenue reserves	26,734	32,634
C urrency conversion	383	614
M anz Automation AG shareholders	175,546	181,647
M inority interests	9,417	9,581
Non-current liabilities	17,377	18,261
N on-current financial liabilities	4,230	4,820
N on-current deferred investment subsidies	59	68
F inancial liabilities from leases	28	29
P rovisions for pensions	3,716	3,720
O ther non-current provisions	1,974	2,105
D eferred taxes	7,370	7,519
Current liabilities	52,298	57,014
C urrent financial liabilities	13,937	13,002
A ccounts payable	19,817	24,038
A dvance payments received	5,828	3,320
I ncome tax liabilities	3,865	3,529
O ther current provisions	6,349	6,379
D erivative financial instruments	125	188
O ther liabilities	2,334	6,512
F inancial liabilities from leases	43	46

Total liabilities	254,638	266,503

Consolidated Cash Flow Statement in EUR thousand

	Jan. 01 - Mar. 31, 2009	Jan. 01 - Mar. 31, 2008

Cash flow from operations
Annual profit or loss	–4,684	4,241
Amortization/depreciation of non-current assets	1,722	628
Loss [+] / Profit [−] from at equity-accounted investments	5	–10
Increase [+] / Decrease [−] in provisions for pensions
and other non-current provisions	–135	61
Other non-cash income [−] and expenses [+]	30	0
Cash flow	–3,062	4,920
Profit [−]/ Loss[+] from disposal of assets	–8	–6
Increase [−]/Decrease [+] in inventories, accounts receivable, and other assets	13,327	–10,474
Increase [+]/Decrease [−] in accounts payable and other liabilities	–5,005	3,814
Cash flow from operations	5,252	–1,746
Cash flow from investments
Incoming payments from the sale of non-current assets	11	194
Payments for investments in intangible assets and property, plant, and equipment	–1,863	–962
Payments for the acquisition of consolidated companies, minus liquid assets received	0	–7,457
Incoming payments from the sale of securities	4,322	1,644
Payments for the purchase of securities	–4,071	–3,214
Cash flow from investments	–1,601	–9,795
Cash flow from financing activities
Payments toward the repayment of finance lease agreements	–2	–12
Payments toward the repayment of non-current loans	–869	0
Change in overdraft loans	934	39,061
Cash flow from financing activities	63	39,049
Cash and cash equivalents at the end of the period
Change in cash and cash equivalents affecting cash flow [ Subtotal 1 –3 ]	3,714	27,508
Change in cash and cash equivalents as a result of currency conversions	120	-20
Cash and cash equivalents held on January 1	33,938	18,888
Cash and cash equivalents held on March 31	37,772	46,376
Composition of cash and cash equivalents
Liquid assets	37,772	46,376
Cash and cash equivalents held on March 31	37,772	46,376

Statement of changes in consolidated equity for the interim financial statements as of March 31, 2009 in EUR thousand

	Share capital	reserves Capital	Treasury shares	reserves Revenue			conversion Currency	Automa shareholders AG Manz tion	Minority interests	equity Total
				Aggregate earnings	Market valuation Securities	Cash flow hedges
As of Jan. 1, 2009	4,480	144,122	–203	33,483	–2,650	1,801	614	181,647	9,581	191,228
Net profit from cash flow hedges						–1,383		–1,383		–1,383
Market valuation of securities					–235			–235		–235
Currency differences							–231	–231	239	8
Total of earnings recorded directly in equity	0	0	0	0	–235	–1,383	–231	–1,849	239	–1,610
Earnings in the period				–4,282				–4,282	–403	–4,685
Total earnings in the period	0	0	0	–4,282	–235	–1,383	–231	–6,131	–164	–6,295
Share-based compensation		30						30		30
As of Mar. 31, 2009	4,480	144,152	–203	29,201	–2,885	418	383	175,546	9,417	184,963

As of Jan. 1, 2008	3,583	35,555	0	13,103	70	323	13	52,647	0	52,647
Net profit from cash flow hedges						–126		–126		–126
Market valuation of securities					–76			–76		–76
Currency differences							–262	–262		–262
Total of earnings recorded directly in equity	0	0	0	0	–76	–126	–262	–464	0	–464
Earnings in the period				4,265				4,265	–24	4,241
Total earnings in the period	0	0	0	4,265	–76	–126	–262	3,801	–24	3,777
Minority interests from mergers								0	84	84
As of Mar. 31, 2008	3,583	35,555	0	17,368	–6	197	-249	56,448	60	56,508

		systems.solar		systems.Icd		systems.aico		Other		Administration / Other		Consolidation		Group
	Q1/2009			Q1/2008 Q1/2009 Q1/2008 Q1/2009		Q1/2008	Q1/2009 Q1/2008		Q1/2009		Q1/2008 Q1/2009 Q1/2008		Q1/2009	Q1/2008

Revenues from third parties	8,216	26,553	3,516	2,452	2,316	3,318	2,439	6,284	0	0			16,487	38,607
Revenues with other segments							4,126	923			–4,126	– 932
EBIT	3,563	11,495	–1,643	954	239	554	290	–347	–7,412	– 7,074			– 4,963	5,582
EBIT [after allocation of Administration Other]	– 2,626		5,243 – 2,088	340	39	346	–288	– 347					– 4,963	5,582
Segment assets	129,087	50,476	49,227	5,294	9,503	8,711	10,854	16,889	55,967	67,998				254,638 149,368
Segment liabilities	10,387	19,615	10,773	2,290	1,512	1,218	2,335	2,005	44,668	67,732			69,675	92,860
Net assets	118,700	30,861	38,454	3,004	7,991	7,493	8,519	14,884	11,299	266			184,963	56,508
Capital additions	1,388	365	97	27	67	174	15	6,551	296	361			1,863	7,478
Write-downs	813	275	284	59	190	157	200	87	235	50			1,722	628
Substantial non-cash expenses	0	0	1,426	0	0	0	0	0	30	0			1,456	0
Employees [ annual average ]	272	180	307	20	107	81	427	245	326	74			1,439	600

Segment reporting for divisions [ primary reporting format ] as of March 31 , 2009, in EUR thousand

Segment reporting for regions [ secondary reporting format ] as of March 31 , 2009, in EUR thousand

	Germany					Rest of Europe		Asia		America		regions Other
	Q1/2009	Q1/2008	Q1/2009	Q1/2008	Q1/2009	Q1/2008	Q1/2009	Q1/2008	Q1/2009	Q1/2008	Q1/2009	Q1/2008

External sales by client location	5,225	17,712	2,787	7,599	8,200	11,053	275	1,907	0	336	16,487	38,607
Carrying value of segment assets by asset location	158,074	88,822	20,099	23,126	75,650	36,240	507	881	308		299 254,638 149,368
Investments in fixed assets by
asset location	1,779	3,770	66	3,673	17	7	1	18	0	10	1,863	7,478

notes to the consolidated interim financial statements

I. BASIC PRINCIPLES >>

The Manz Automation AG ["Manz AG"] headquarters are located in Steigaeckerstrasse 5 in 72768 Reutlingen, Germany. The business operations of Manz Automation AG and its subsidiary companies ["Manz Group" or "Manz"] consist of developing and manufacturing systems and components for automation and quality control. The systems are primarily used for the manufacture of solar cells and LCD flat screens. Shares in Manz Automation AG are traded in the Prime Standard segment of the Frankfurt Stock Exchange.

These consolidated interim financial statements dated March 31, 2009, were prepared according to the International Financial Reporting Standards [IFRS] established by the International Accounting Board [IASB] as approved for use in Europe by the EU. They have been neither officially audited nor subjected to an auditor's review.

There were no changes to the accounting and valuation methods as compared to the annual financial statements dated December 31, 2008. A detailed description of these methods was published in the Notes to the 2008 Consolidated Financial Statements.

The consolidated interim financial statements were prepared in euros. If not otherwise noted, all amounts are shown in thousands of euros.

50 | CONSOLIDATED Interim FINANCIAL STATEMENT & NOTES | Notes to the consolidated interim financial statement | II. BASIS OF CONSOLIDATION | III. KEY EVENTS IN THE PERIOD UNDER REVIEW

II. BASIS OF CONSOLIDATION >>

Manz Automation AG's consolidated financial statements include all of the companies for which Manz AG can either directly or indirectly determine the financial and operational policy ["controlling" relationship]. In addition to Manz Automation AG, the group of consolidated companies includes the following subsidiaries:

Fully consolidated companies	Interest in %

Manz Automation Tübingen GmbH	Tuebingen/Germany	100.0
Helmut Majer Verwaltungsgesellschaft mbH	Tuebingen/Germany	100.0
Manz Automation Inc.	North Kingstown/USA	100.0
Manz Automation Hungary Kft.	Debrecen/Hungary	100.0
MVG Hungary Kft.	Debrecen/Hungary	100.0
anz Immo Hungary Kft. 1] M	Debrecen/Hungary	100.0
Manz Automation Slovakia s.r.o.	Nove Mesto nad Vahom/Slovakia	90.0
Manz Automation Spain S.L.	Madrid/Spain	100.0
Manz Automation Asia Ltd.	Hong Kong	100.0
anz Automation Taiwan Ltd. 2] M	Hsinchu/Taiwan	100.0
anz Automation [Shanghai] Co. Ltd. 2] M	Shanghai/China	100.0
anz Automation India Private Limited 2] M	New Delhi/India	75.0
anz Intech Machines Co. Ltd. 2] M	Chungli/Taiwan	75.6
ntech Enterprises [B.V.I.] Co. Ltd. 3] I	Road Town/British Virgin Islands	75.6
ntech Machines [B.V.I.] Co. Ltd. 3] I	Road Town/British Virgin Islands	75.6
ntech Machines [Suzhou] Co. Ltd. 4] I	Suzhou/China	75.6
Qinhuangdao Intech Machines Ltd. 4]	Qinhuangdao/China	75.6
ntech Technical [Shenzhen] Co. Ltd. 4] I	Shenzhen/China	75.6
Consolidation at equity
Axystems Ltd.	Petach-Tikva/Israel	24.0

1] via MVG Hungary Kft. [as of December 31, 2008: via Manz Automation Hungary Kft.] 2] via Manz Automation Asia Ltd. 3] via Manz Intech Machines Co. Ltd. 4] via Intech Machines [B.V.I.] Co. Ltd.

III. KEY EVENTS IN THE PERIOD UNDER REVIEW >>

In the first three months of fiscal year 2009, the Manz Group's revenues decreased by 57% from 38.6 million euros in the same period last year to 16.5 million euros. Total operating revenues declined by 43% to 21.3 million euros.

Earnings before interest and taxes [EBIT] declined from 5.6 million euros in the same period last year to –5.0 million euros.

IV. NOTES TO THE INDIVIDUAL ITEMS IN THE INCOME STATEMENT >>

Other operating income

	Mar. 31, 2009 EUR thousand	Mar. 31, 2008 EUR thousand

Capital gains	981	434
Income from the sale of investments	8	6
Subsidies	169	43
Changes to the revaluation of accounts receivable	258	43
Other	117	156
	1,533	682

Material expenditures

	Mar. 31, 2009 EUR thousand	Mar. 31, 2008 EUR thousand

Expenditures for raw materials, consumables, and supplies	8,903	14,765
Expenditures for third-party services	1,029	5,539
	9,932	20,304

Other operating expenses

	Mar. 31, 2009 EUR thousand	Mar. 31, 2008 EUR thousand

Advertising and travel expenses	769	848
Outgoing freight, packaging	319	369
Rent and leasing	850	724
Legal and consulting costs	193	296
Insurance	218	228
Capital losses	400	135
Changes to the revaluation of accounts receivable	1,426	0
Other	1,809	1,420
	5,984	4,020

Taxes on income

Income taxes include both actual and deferred income taxes from temporary differences and existing tax loss carryforwards.

Income taxes are composed of the following items:

	Mar. 31, 2009 EUR thousand	Mar. 31, 2008 EUR thousand

Current tax liabilities	179	26
Deferred tax liabilities/income [−]	–361	1,315
	–182	1,341

52 | CONSOLIDATED Interim FINANCIAL STATEMENT & NOTES | Notes to the consolidated interim financial statement | V. NOTES TO THE INDIVIDUAL ITEMS IN THE INCOME STATEMENT

V. NOTES TO THE INDIVIDUAL ITEMS IN THE INCOME STATEMENT >>

Intangible assets

	Mar. 31, 2009 EUR thousand	Dec. 31, 2008 EUR thousand

Licenses, software and similar rights, and assets	14,218	11,531
Capitalized development costs	6,781	6,573
Goodwill	21,910	21,913
Advance payments made	2	2,841
	42,911	42,858

Tangible assets

	Mar. 31, 2009 EUR thousand	Dec. 31, 2008 EUR thousand

Properties and buildings including buildings on third-party properties	8,269	7,785
Technical equipment and machinery	3,462	4,499
Other equipment, furniture, and office equipment	4,579	3,620
Advance payments made	113	243
	16,423	16,147

Inventories

	Mar. 31, 2009 EUR thousand	Dec. 31, 2008 EUR thousand

Raw materials and supplies	14,727	13,602
Goods in process, work in progress	20,914	12,165
Finished goods, products	5,748	4,518
Advance payments made	3,961	2,749
	45,350	33,034

Accounts receivable

	Mar. 31, 2009 EUR thousand	Dec. 31, 2008 EUR thousand

Future receivables from non-current construction contracts	36,506	29,658
Accounts receivable	49,543	71,694
	74,001	101,352

Future receivables from non-current construction orders, accounted for according to their percentage of completion, are determined as follows:

Manufacturing costs including outcome of the contract for non-current construction contracts	60,839	50,462
minus advance payments received	–24,333	–20,804
	36,506	29,658

Other current receivables

	Mar. 31, 2009	Dec. 31, 2008 EUR thousand
	EUR thousand

Tax receivables [not income taxes]	1,447	854
Receivables – personnel	121	119
Accrued interest	611	483
Other accruals and deferrals [primarily from insurance]	389	458
Other	818	1,020
	3,386	2,934

Equity

Changes to the Group's individual equity items are detailed separately in the "Consolidated Statement of Changes to Equity."

Share capital

Share capital totals 4,480,054 euros [December 31, 2008: 4,480,054 euros] and comprises 4,480,054 registered, common, no-par shares. The face value of a no-par share equals 1.00 euro.

There were no changes in share capital in the first quarter of 2009.

Capital reserves

The capital reserves primarily contain payments from shareholders pursuant to Article 272, Paragraph 2, No. 1 of the German Commercial Code, minus financing costs after taxes.

The increase in the first quarter of 2009 totaling 30,000 euros pertains to the allocation of funds from sharebased compensation [Manz-Performance-Plan 2008].

Treasury shares

In the 2008 fiscal year, our company purchased 2,500 of its own shares at an average price of 81.03 euros per share [market value: 203,000 euros]. The number of treasury shares held remains unaffected as of March 31, 2009.

54 | CONSOLIDATED interim FINANCIAL STATEMENT & NOTES | Notes to the consolidated interim financial statement | VI. KEY EVENTS OF PARTICULAR IMPORTANCE OCCURRING AFTER THE END OF THE REPORTING PERIOD | VII. Further Information

VI. KEY EVENTS OF PARTICULAR IMPORTANCE OCCURRING AFTER THE END OF THE REPORTING PERIOD >>

In coordination with the employee representatives, the Managing Board of Manz Automation AG has decided to implement "Kurzarbeit" [reduced working hours] at our company's German locations in Reutlingen and Tuebingen from May/June. This plan calls for 20% reduction in working hours for a period of six months. Further adjustments will be made based on changes to the number of new orders we receive. No further events occured after the reporting date which could have an impact on our company's financial position and results of operations.

VII. Further Information >>

Employees

As of March 31, 2009, the Manz Group employed, on average, 1,439 employees. [March 31, 2008: 600 employees].

Managing Board

Dieter Manz, Dipl. Ing. [FH], CEO Martin Hipp, Dipl.-Kaufmann, CFO Volker Renz, Dipl. Ing. [FH], COO Otto Angerhofer, Dipl. Ing. [FH]

Supervisory Board

Dr. Jan Wittig [Chairman], Attorney-at-law Partner at Dr. Schaudt und Kollegen, Stuttgart, Germany

Prof. Dr. Heiko Aurenz, Dipl. oec. [Deputy Chairman], Managing Partner of Ebner Stolz Mönning Bachem Unternehmensberatung GmbH, Stuttgart, Germany

Prof. Dr.-Ing. Dr. h.c. mult. Rolf D. Schraft

Manz Automation AG

Steigaeckerstrasse 5 72768 Reutlingen Germany Fon +49 (0) 7121 9000-0 Fax +49 (0) 7121 9000-99 [email protected]