Eibsee Ltd.

Eibsee Ltd.

Berlin

Jahresabschluss zum Geschäftsjahr vom 01.01.2012 bis zum 31.12.2012

Financial statements Registered number 07462758 31 December 2012

Contents

Company information

Director's report

Statement of director's responsibilities in respect of the director's report and the financial statements

Accountant's report to the director on the unaudited financial statements of Eibsee Limited

Profit and loss account

Balance sheet

Notes

Company information

Director's report

The director presents his report and the financial statements for the period ended 31 December 2012.

Principal activities

The company's principal activity is to act as a limited partner in ALBA Group plc & Co. KG, Berlin. It also holds a 50% shareholding in ALBA Group Europe plc.

Director

The director who served during the period was:

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 19 April 2013 and signed on its behalf by

Statement of director's responsibilities in respect of the director's report and the financial statements

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law he has elected to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).

Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He has general responsibility for taking such steps as are reasonably open to him to safeguard the assets of the company and to prevent and detect fraud and other irregularities.

Accountant's report to the director on the unaudited financial statements of Eibsee Limited

In accordance with the terms of our engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the profit and loss account, the balance sheet and the related notes from the accounting records and information and explanation you have given us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work, or for this report.

We have carried out this engagement in accordance with technical guidance Audit 02/04 Chartered accountants' reports on compilation of financial statements of incorporated entities issued by the Institute of Chartered Accountants in England and Wales and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the balance sheet as at 31 December 2012 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view in accordance with the Companies Act 2006 and under United Kingdom Accounting Standards. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express an opinion on the financial statements.

I approve these financial statements and confirm that I am responsible for them, including selecting the accounting policies and making judgements underlying them. I confirm also that I have made available all relevant accounting records and information for their compilation.

Profit and loss account for the year ended 31 December 2012

The notes on pages 7 to 8 form part of these financial statements.

Balance sheet as at 31 December 2012

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

For the year ended 31 December 2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements were approved by the director on 18 April 2013 and were signed on its behalf by:

Company registered number : 07462758

Notes

(forming part of the financial statements)

1 Accounting policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements.

Basis of preparation

The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules.

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

2 Loss on ordinary activities

During the period, no director received any emoluments.

3 Fixed asset investments

Participating interests

The investment represents a 50% holding in ALBA Group Europe plc, a company registered in the United Kingdom. At 31 December 2012, ALBA Group Europe plc had net assets of €57,386 (2011: €59,109) and recorded a loss of €1,723 (2011: profit of €839) for the period.

4 Creditors: amounts falling due within one year

5 Share capital

During the prior period, the company issued one £1 ordinary share at par.

6 Reserves

7 Contingent liabilities

The company is jointly liable for a syndicated loan advanced to ALBA Group plc & Co KG. The loan was valued at €259,704,000 as at 31 December 2012 (2011: €211,400,000). The company has also pledged its limited partner interests in ALBA Group plc & Co KG and all receivables as security for this debt.

The company is also jointly and severally liable for a bond issued by ALBA Group plc & Co KG with a nominal amount of €203,000,000 (2011 : €203,000,000). The bond is due for repayment in 2017.

8 Related party transactions

During the period, ALBA Management GmbH and ALBA Group plc & Co KG paid expenses of €5,706 (2011: €856) on behalf of the company. These amounts are outstanding at the period end and are included within creditors due within one year.

ALBA Management GmbH and ALBA Group plc & Co. KG are members of the ALBA Group of companies in which ALBA Group Europe plc is a general partner.

9 Controlling party

The company is controlled by Dr Eric Schweitzer.