Gerresheimer well positioned for further growth

At its Annual General Meeting on 27 April 2010 of Gerresheimer AG, wide approval was given by shareholders on all the agenda items. CEO Dr. Axel Herberg commented on the starting position for 2010: We…

At its Annual General Meeting on 27 April 2010 of Gerresheimer AG, wide approval was given by shareholders on all the agenda items. CEO Dr. Axel Herberg commented on the starting position for 2010: We have ended the financial year 2009 with very solid figures and have made a good start to the year 2010. Gerresheimer is ideally positioned to continue on the path of success. In his speech, Herberg confirmed the guidance for the current financial year with sales growth of 2% to 4% and an improvement in the operating margin (adjusted EBITDA margin) to around 19.5%. Also during the meeting, Dr. Herberg, who will leave the Management Board on 21 June 2010, was elected by a large majority to the Supervisory Board with effect from 1 September 2010. His successor as CEO will be Uwe Rhrhoff, the Management Board member of many years standing. The Annual General Meeting followed the management“s proposal to waive the payment of a dividend. The funds will instead be used for further debt reduction and exploitation of growth opportunities. In detail the Annual General Meeting – with 63.32% of the capital stock represented – passed the following resolutions: ITEM 2: Appropriation of net earnings for the financial year 2009: carry forward in total to the new account. (99.24% of votes in favour) ITEM 3: Formal approval of the actions of the members of the Management Board for the financial year 2009: (93.93% of votes in favour) ITEM 4: Formal approval of the actions of the members of the Supervisory Board for the financial year 2009: (93.91% of votes in favour) ITEM 5: Election of the auditor for the financial year 2010: (100.0% of votes in favour) ITEM 6: Supplementary election of Dr. Axel Herberg to the Supervisory Board: (94.76% of votes in favour) ITEM 7: Amendments to the Articles of Association because of the German Act to Implement the Shareholder Rights Directive (ARUG): (90.79% of votes in favour) Amendments to the Articles of Association on Supervisory Board remuneration: (90.78% of votes in favour) ITEM 8: Approval of the system for remuneration of Management Board members (63.72% of votes in favour) The speech of the CEO to the Annual General Meeting can be found at: http://www.gerresheimer.de/en/investor-relations/annual-general-meeting/2010.html. Gerresheimer is an internationally leading manufacturer of high-quality speciality products made of glass and plastic for the global pharma & healthcare industry.