215 x 290 MM. THIRD QUARTER INTERIM REPORT

215 x 290 MM. THIRD QUARTER INTERIM REPORT 2007

Key Data for the D.Logistics Group in thousands Q3 2007 Q3 2006 9M 2007 9M 2006 Results of operations Total revenue 84,579 79,561 246,295 236,961 Germany 47,116 39,874 137,372 124,461 Abroad 37,463 39,687 108.923 112,500 International revenue ratio (%) 44.3 49.9 44.2 47.5 EBITDA 5,056 10,569 14,947 20,776 EBITA 3,008 8,386 8,606 13,744 EBIT 3,008 8,386 8,606 13,744 EBT 1,829 7,824 5,170 12,636 Income tax income (expenses) (1,385) (1,381) (1,997) (2,545) Income (loss) 444 6,443 3,173 10,091 of which attributable to minority interests 124 (1,830) 1,064 (712) of which attributable to shareholders of the parent company 320 8,273 2,109 10,803 Earnings per share ( ) 0.008 0.195 0.050 0.254 Balance Sheet Current assets 92,038 98,336 92,038 98,336 Noncurrent assets 137,123 122,443 137,123 122,443 Total assets 229,161 220,779 229,161 220,779 Liabilities 146,357 135,111 146,357 135,111 Equity 82,804 85,668 82,804 85,668 Equity ratio (%) 36.13 38.80 36.13 38.80 Net financial liabilities 53,032 38,838 53,032 38,838 Cash flow / Capital expenditure Cash flows from operating activities 1,408 3,528 8,843 8,270 Cash flows from investing activities 872 338 (19,581) (555) Cash flows from financing activities 336 439 13,745 228 Investments in property, plant and equipment 1,066 1,970 3,116 3,793 Employees Employees (as of September 30) 3,141 2,973 3,141 2,973

001 Contents Q3 2007 002 Management Report 003 Consolidated Interim 010 Financial Statements Additional Information U03 002 D.Logistics in the 3rd Quarter 003 Economic Environment 004 Results of Operations, Financial and Assets Position 008 Outlook 010 Consolidated Income Statement 011 Consolidated Balance Sheet 012 Consolidated Cash Flow Statement 013 Consolidated Statement of Changes in Equity 014 Notes to the Consolidated Interim Financial Statements U03 Financial Calendar / Key to Symbols Contact / Imprint

0 02 Page Third Quarter 2007 D.Logistics in the 3rd Quarter D.Logistics in the 3rd Quarter: Further Growth Total sales up 6.3 % In the third quarter of 2007, sales were as positive as in the previous quarters; at 84.58 million the same period in the previous year was exceeded by 6.3 %. Adjusted for changes in the scope of consolidation, the increase in sales was 3.6 %. In the first nine months, at 246.3 million sales were 3.9 % higher than in the same period in the previous year. Adjusted for changes in the scope of consolidation, this means organic growth of 5.3 % for this period. If the currency fluctuation is taken into consideration, the change is an increase of as much as 6.7 %. Adjusted operating result 10 % higher than in the previous year The third-quarter operating result (EBITA) was at 3.00 million 10.2 % higher than the adjusted level in the same period in the previous year ( 2.72 million), which was positively affected by special income of 5.67 million resulting from the sale of GHX Europe and Schumacher GmbH. Including these special items, the previous-year EBITA was 8.39 million. In the first nine months of the current fiscal year, a Group EBITA of 8.61 million was achieved; this result exceeds the adjusted figure for the same period in the previous year by 41.7 %. For the purpose of comparison, in addition to the special income from company sales ( 5.67 million) the income from legal disputes ( 2.0 million) which was reported in 2006 was also adjusted. In the third quarter, there were net profits of 0.32 million for the shareholders of D.Logistics AG. The previous year which included special items in the amount of 8.06 million was 8.27 million. The cumulative net profits for the shareholders in D.Logistics AG as of September 30, 2007 were 2.11 million. In the same period in the previous year which included special income of 10.56 million the net profits were 10.80 million. D.Logistics shares in Q3 Results planning confirmed sales corridor increased slightly D.Logistics AG confirms its results planning published in its half-year financial report for the fiscal year 2007 and is increasing its expected sales corridor to 325 335 million (previously 319 331 million). We assume that the original sales planning will be clearly exceeded in industrial goods packaging. Consumer goods packaging is expected to be at the lower end of the planning range not least due to the weak US dollar while warehouse logistics will probably slightly miss its sales goal, partly due to the disposal of PickPoint AG. We continue to expect a Group EBITA of 11.4 12.5 million. indexed, in % 110 105 100 95 90 85 80 Jul 07 Aug 07 Sep 07 D.Logistics AG CDAX Prime Logistics D.Logistics share loses ground in a weak market environment The D.Logistics share lost ground in a market environment negatively affected by the US real estate crisis. In the second quarter, the share was in a corridor between approx. 2.08 and 2.79. It reached its highest closing price at 2.76 on July 10, and marked its lowest at 2.16 on August 17. The D.Logistics share closed the third quarter at a price of 2.26. Relative to the end of the second quarter, this represents a decrease of 11.0 %. In the period to September 30, the D.Logistics share gained a good 18 %. The sector index of logistics stocks quoted in the Prime Standard (Prime Logistics) fell in the third quarter by 14.5 % and the multiple-sector CDAX on which D.Logistics is listed fell 3.0 %.

Economic Environment Management Report Page 0 03 Economic Environment Further expansion of the global economy increased risks The global economy continues to expand strongly in the autumn of 2007, although the economic risks have increased. The problems triggered on the financial markets by the real estate crisis in the US have led to a reevaluation of lending risks. Many fear that this might increase companies financing costs and negatively impact on non-monetary activities. However, there is truth in the optimistic view that the global economic dynamic has been high for a long time. In emerging markets what was already a very strong expansion actually accelerated in 2007, especially in the Asia region and in China in particular. In contrast, for some time now production in industrialized nations has risen only moderately. In the US, the economy had already noticeably slowed in mid- 2006, triggered by a fall in construction activity. Eurozone economy loses impetus In the first half of 2007, the Eurozone economy grew slightly slower than previously. Exports and investments rose only moderately. The quarter was affected by several special factors: Private household consumer spending in the Eurozone stagnated at the start of the year, particularly because of the fall in consumer spending in Germany due to the value-added tax increase; the second-quarter recovery was weak despite a favorable employment trend. In addition, construction investments were brought forward due to the mild winter; this is the reason for the clear slowdown in investments during the first half of the year. External trade provided a positive contribution to the overall economic expansion: Exports rose moderately while the increase in imports was merely restrained. The slowdown in economic expansion in the second quarter was noticeable in all the major Eurozone countries. Subdued expansion in Germany The German economy is still on a powerful upward trajectory. However, in the present year it is being negatively affected by several factors. The restrictive financial policy is considerably subduing domestic demand, particularly private consumption. There is also the further rise in the price of oil and the appreciation of the euro. The recent turbulence on the financial markets will probably also have a negative impact on the economy. However, despite all this the German economy is not in an unstable situation. Instead, the fundamental conditions have noticeably improved. So far, tensions which in earlier cycles triggered a downturn or even a recession have yet to materialize either in terms of wages or inflation. An emphatically restrictive monetary policy is therefore unlikely. Business in the transport and logistics sector in % 2006 2007 80 70 60 50 Autumn revival in the transport and logistics sector 40 The current business conditions in the transport and logistics sector once again improved in Sep- 30 tember 2007 relative to the previous month, according to the survey results of the SCI logistics 20 barometer. The proportion of companies judging their business conditions to be good rose in 10 monthly terms from 29 % to 41 %, and the proportion of companies judging their current situa- 0 tion to be poor decreased from 8 % to 2 %. Poor Normal Good Poor Normal Good Poor Normal Good July August September Source: SCI Verkehr GmbH

0 04 Page Management Report Results of Operations, Financial and Assets Position Results of Operations Results of Operations, Financial and Assets Position Revenue in millions 350 322 300 246 250 237 200 157 161 44% 48% 150 48% 100 50 79 45% 76 45% 46% 45% 55% 55% 54% 55% 52% 56% 52% 0 03/06 03/07 06/06 06/07 09/06 09/07 12/06 Germany Abroad Total sales up 6.3 % Total sales in the third quarter of 2007 were at 84.58 million 6.3 % above the same period in the previous year. Adjusted for changes in the scope of consolidation, the increase in sales was 3.6 %. The main growth stimulus was the industrial goods packaging segment whose sales exceeded the same quarter in the previous year by 22.6 %. In the consumer goods packaging segment, sales are 6.7 % below the previous year, not least due to the weak US dollar, and in the warehouse logistics segment sales are 5.6 % higher than in the previous year. With a 55.7 % share of group sales, the proportion accounted for by Germany rose by 5.6 percentage points. This is a result of rising industrial goods packaging and warehouse logistics sales. The US share of sales fell by 6.4 percentage points to 16.6 %. The proportion of sales elsewhere in Europe increased from 26.9 % to 27.7 %. In the first nine months, at 246.3 million sales were 3.9 % higher than in the same period in the previous year. Adjusted for changes to the consolidated group, this means organic growth of 5.3 %. If the currency fluctuation is taken into consideration, the change is an increase of 6.7 %. EBITA in millions 16.1 16 13.7 14 12 10 8.6 8 6 5.4 5.6 4 2.2 1.6 2 0 03/06 03/07 06/06 06/07 09/06 09/07 12/06 Adjusted operating result 10 % higher than the previous year The operating result (EBITA) in the third quarter was at 3.00 million 10.2 % higher than the adjusted level in the same period in the previous year ( 2.72 million) which was positively affected by special income in the amount of 5.67 million. Including these special items, the previousyear EBITA was 8.39 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) were at 5.06 million 3.2 % higher than in the adjusted same quarter in the previous year. The adjusted EBITDA margin fell from 6.2 % in the second quarter of 2006 to 6.0 % in the quarter under review. Depreciation of property, plant and equipment and other intangible assets fell from 2.18 million to 2.05 million. The individual segments performed as follows: In the consumer goods packaging segment, due to the poor trend in the US the EBITA was at 0.77 million 32.3 % below the previous year. Industrial goods packaging recorded a 29.9 % rise to 2.19 million. In the warehouse logistics segment, the EBITA was at 1.22 million below the level for the previous year ( 1.37 million), but this was positively influenced by special income in the amount of 0.81 million resulting from the sale of Schumacher GmbH. The EBITA loss of D.Logistics AG (Holding) was 1.10 million; the previousyear result in the amount of 4.32 million included disposal gains of 4.86 million. In the first nine months of the current fiscal year, a Group EBITA of 8.61 million was achieved; this result exceeds the value for the adjusted same period in the previous year by 41.7 %. For the purpose of comparison, in addition to the special income from company sales ( 5.67 million) the income from legal disputes ( 2.0 million) which was reported in 2006 was also adjusted. Relative to the same quarter in the previous year the financial result decreased from 0.56 to 1.18 million. This is mainly due to the finance costs which increased by 0.54 million to 1.61 million following the industrial goods packaging acquisitions. Financial income decreased from 0.39 million to 0.29 million. The share of earnings accounted for by associates rose by 0.02 million to 0.14 million. Earnings before taxes (EBT) in the third quarter were 1.83 million (previous year including positive special items 7.82 million). The third-quarter income tax expenses were negatively influenced in an amount of 0.35 million by the deferred taxes within the framework of the reevaluation due to the tax reform and by an accrual made for a subsidiary in the amount of 0.3 million.

Results of Operations, Financial and Assets Position Results of Operations Financial Position Assets Position Management Report Page 0 05 After income tax expenses ( 1.39 million), the result is 0.44 million, compared to 6.44 million in the third quarter of 2006. Net of the third-party earnings shares in the amount of 0.12 million significantly reduced following the complete takeover of Deufol Tailleur GmbH there are net profits for the shareholders of D.Logistics AG of 0.32 million. The previous year which included special items in the amount of 8.06 million was 8.27 million. In cumulative terms, the net profits for the shareholders of D.Logistics AG as of September 30, 2007 were 2.11 million; in the same period in the previous year, which included special income in the amount of 10.56 million, the net profits were 10.80 million. The earnings per share in the third quarter were 0.008 (previous year 0.195), in the first nine months they reached 0.050 (previous year 0.254). Net cash provided by operating activities in millions 8.8 9.3 8.3 7.4 5.8 4.7 1.7 03/06 03/07 06/06 06/07 09/06 09/07 12/06 10 8 6 4 2 0 Net cash and investments The third-quarter net cash provided by operating activities was 1.41 million (previous year 3.53 million). This decrease was mainly due to the strong cut-off date-related increase in trade accounts receivable (+ 6.77 million) and increased inventories (+ 1.35 million). At the same time, trade accounts payable only increased by 4.87 million. The net cash provided by investing activities was positive at 0.87 million (previous year + 0.34 million). Here, the proceeds of the sale of GHX Europe GmbH (+ 1.00 million) and dividends from financial assets exceeded the amounts paid out for the acquisition of assets. Net cash provided by financing activities amounted to + 0.34 million (previous year 0.44 million), whereby the takeup of funds marginally exceeded repayment of borrowings. Cash increased in quarterly terms by 2.62 million to 15.07 million. In the first nine months of 2007, at 8.84 million the net cash provided by (used in) operating activities exceeded the same period in the previous year by 6.9 %. Net financial liabilities in millions 54.3 53.0 42.9 38.8 35.2 09/06 12/06 03/07 06/07 09/07 60 50 40 30 20 10 0 Financial indebtedness increased subproportionate despite acquisitions For the acquisition of the Walpa Group and the 45 % minority interests in the Deufol Tailleur Group, in the first nine months of the year purchase price payments of 21.5 million were due. A significant portion of this was financed through cash flow. The financial indebtedness of the D.Logistics Group increased in the first nine months of the year to a disproportionately low extent by 13.2 million to 78.1 million. The increase in the net financial liabilities was even lower, from 42.9 million at the end of the year by 10.1 million to 53.0 million. Increased balance sheet total The balance sheet total as of September 30, 2007 is at 229.2 million 8.8 % above the level at the end of the previous year ( 210.6 million). For the current assets, the largest changes were for the other receivables and other assets ( 3.6 million to 3.0 million) and cash (+ 3.4 to 15.1 million). The inventories rose by 2.0 million to 15.8 million and the trade accounts receivable also increased by 2.0 million to 54.3 million. With regard to the noncurrent assets, plant, property and equipment fell ( 3.6 to 51.4 million) while the other intangible assets rose by 0.8 to 2.0 million. The goodwill increased due to the acquisitions (+18.1 to 59.6 million). The financial assets remained constant ( 2.2 million) and the other assets only changed slightly. Balance sheet as % of total assets Current assets Noncurrent assets Assets 40% 42% Equity and liabilities 36% 40% 20% 28% 58% 60% 40% 36% 12/06 09/07 12/06 09/07 Current liabilities Noncurrent liabilities Equity 100 90 80 70 60 50 40 30 20 10 0

0 06 Page Management Report Results of Operations, Financial and Assets Position Assets Position Employees Development in the segments Employees 09 / 2007 06 / 2007 D.Logistics Group Consumer Goods Packaging 998 982 in % 31.77 32.47 Industrial Goods Packaging 986 963 in % 31.39 31.85 Warehouse Logistics 1,151 1,073 in % 36.64 35.48 Holding company 6 6 in % 0.20 0.20 Total 3,141 3,024 On the liabilities side, the equity (including minority interests) fell in the first nine months of 2007 on balance by 2.1 million to 82.8 million. The profit for the period (+ 2.1 million) and the increased capital reserves (+ 2.6 million) had a positive effect here. Reduced minority interests ( 3.9 million) and the changes in other recognized income and expense ( 2.0 million) had a negative effect. With an increased balance sheet total, the equity ratio fell from 40.3 % to 36.1 %. The liabilities increased on balance by 20.7 million to 146.4 million. Rising number of employees On September 30, 2007, the D.Logistics Group had 3,141 employees worldwide. This is 117 employees or 3.9 % more than at the end of the second quarter. The strongest increase was in warehouse logistics (+ 78 employees), where new personnel were hired due to the rising volume of business. As of September 30, 2007, D.Logistics had 1,924 employees in Germany (June 30, 2007: 1,825) and 1,217 employees abroad (June 30, 2007: 1,199). Development in the segments Consumer Goods Packaging in thousands Q3 2007 Q3 2006 9M 2007 9M 2006 Sales 36,066 38,520 103,030 108,062 Consolidated sales 33,493 35,892 96,930 101,304 Gross profit 3,230 4,619 10,525 12,700 EBITA 766 1,130 2,118 2,611 EBITA margin (%) 2.3 3.1 2.2 2.6 EBTA 262 692 607 1,178 In the consumer goods packaging segment, the consolidated sales were at 33.5 million 6.7 % below the same quarter in the previous year. This segment therefore contributed 39.6 % to Group sales (compared to 45.1 % in the third quarter of 2006). The sales trend was negatively affected by the weak development in the US and by the strong euro, which gained almost 8 % by comparison with the previous year. After nine months, sales by segment are 4.3 % below the level for the previous year. Adjusted for the exchange-rate change, sales were slightly below the level for the previous year ( 1.0 %). It was therefore possible to make up for the loss of the Gillette contract in Italy with a nine-month volume of around 9 million. The operating result (EBITA) in the third quarter was 0.77 million, clearly below the previous year ( 1.13 million). All the regions performances were consistently positive, with the exception of the US whose results fell significantly short of the previous year. In nine-month terms, the EBITA is at 2.12 million 18.9 % below the previous year.

Results of Operations, Financial and Assets Position Development in the segments Management Report Page 0 07 Industrial Goods Packaging in thousands Q3 2007 Q3 2006 9M 2007 9M 2006 Sales 42,638 35,802 123,691 102,527 Consolidated sales 36,786 30,016 107,139 88,144 Gross profit 3,953 3,181 10,898 8,764 EBITA 2,185 1,683 5,869 4,706 EBITA margin (%) 5.9 5.6 5.5 5.3 EBTA 1,999 1,506 5,361 4,380 At 36.8 million, the consolidated sales for industrial goods packaging in the third quarter of 2007 exceeded the sales for the same quarter in the previous year by 22.6 %. Nearly 8 percentage points of this growth were accounted for by acquisitions. This segment is therefore now contributing 43.5 % to Group sales (compared to 37.7 % in the third quarter of 2006). After nine months, the sales exceeded the previous year by 21.6 %. The operating result (EBITA) increased in the third quarter in annual terms by 29.9 % from 1.68 million to 2.19 million, and after nine months is thus 24.7 % higher than in the same period in the previous year. Warehouse Logistics in thousands Q3 2007 Q3 2006 9M 2007 9M 2006 Sales 15,052 14,208 44,469 49,204 Consolidated sales 14,227 13,469 42,014 47,190 Gross profit 2,533 1,743 7,572 5,239 EBITA 1,219 1,365 3,185 2,467 EBITA margin (%) 8.6 10.1 7.6 5.2 EBTA 1,141 1,137 2,680 1,732 In the warehouse logistics segment, the consolidated sales in the third quarter were at 14.2 million 5.6 % higher than the level in the previous year. This segment is therefore contributing 16.8 % to Group sales (compared to 16.9 % in the third quarter of 2006). After nine months, the sales undershot the previous year by 11.0 %. Adjusted for company sales, however, sales grew by 6.3 %. The third-quarter operating result (EBITA) was at 1.2 million below the previous year s level of 1.37 million, though this was positively affected by the deconsolidation of Schumacher GmbH in the amount of 0.81 million. The loss of PickPoint AG, which had a negative impact on the same quarter in the previous year with a negative result of 0.36 million, relieved the balance sheet. In nine-month terms, the EBITA is at 3.19 million 29.1 % above the previous year ( 2.47 million) even though the previous year s earnings included income of 1.0 million resulting from a settlement in a legal dispute in Belgium.

0 08 Page Management Report Outlook Outlook Global economy s growth loses impetus The joint economic forecast issued by leading economic research institutes assumes that there will be a noticeable downturn in the global economy. This is due less to the current problems on the financial markets, which the institutes expect to fade in the coming weeks and months. The more important factor is that the correction on the US real estate market is more significant than has been predicted to date. In the Eurozone, further factors are the slowdown effect of the euro s appreciation and the fact that monetary policy is no longer expansively oriented. The rate of growth will also slow in the United Kingdom and Japan in the coming year, though talk of a downturn would be inappropriate. The weaker economic situation in the industrialized nations should be associated with a slowdown in the increase in production in the emerging markets. The worldwide increase in production should amount to 2.9 % in 2007 and 2.7 % in 2008. Of this, around 0.6 percentage points are attributable to the rise in China alone. In this year and the next, world trade should only increase moderately, at rates of 5.3 % and 5.8 %. The institutes see the US real estate crisis as probably the largest hazard for the development of the global economy. This may continue for a significant amount of time and thereby weaken the US economy more perceptibly than has been assumed in their forecast. The effects on the Eurozone of recession tendencies in the US might be amplified through a further rise of the euro against the dollar. However, there are also opportunities. If the situation on the US real estate market stabilizes soon or if the correction remains limited to housing construction investments, there might soon be a rapid revival of the US economy. Downturn in the Eurozone Industrial production which remained on a clearly upward trajectory, full order books and the high confidence indicator figures among the business community and consumers indicate that Eurozone production once again strongly expanded in the third quarter of 2007. However, since the summer there have been a series of factors which will have a negative impact on the upswing in the Eurozone around the end of the year and in 2008. As shown by recent confidence indicators, the turbulence on the financial markets has subdued the optimism of companies and households. There are also the subduing effects of external trade: For the time being, the US economy will continue to weaken. The euro s effective appreciation in real terms is also negatively affecting the competitiveness of Eurozone producers. However, there are reasons to suggest that these negative effects will not trigger any downturn in the Eurozone. For instance, the high level of utilization of capacities means that expansion investments still look attractive for companies. A positive profits situation continues to favor their financing. At the same time, the increase in employment will continue at a rate which is only slightly slower. Together with wages which are rising somewhat faster, this will stimulate private consumption. Overall, the rise in the real gross domestic product will be 2.6 % this year and 2.1 % next year. There will therefore be hardly any increase in the utilization of capacities in the overall economy. The fall in unemployment will also slow significantly. Consumer prices will rise by 2.2 % this year and 2.1 % next year.

Outlook Management Report Page 0 09 Slowed upturn in Germany For the remainder of the year, in their autumn assessment the economic research institutes expect to see increased impetus in domestic demand. Plant investments will remain the key stimulus; the fact that projects will be brought forward due to the less favorable depreciation rules which will come into force as of the start of 2008 will also favor their growth. Private consumption will also rise. As the situation on the labor market is continuing to improve and disposable incomes are rising perceptibly, an increase in consumer spending should be expected in the second half of the year. The signals from outside Germany should also improve somewhat. While the US economy is on the decline, elsewhere in the Eurozone there will be a revival in the growth of domestic demand. For the year 2007, the institutes predict a 2.6 % increase in the real gross domestic product. For 2008, the institutes expect to see an increase in the real gross domestic product of 2.2 %. In the course of the year, unemployment will fall more slowly than in 2007 and the average figure will be a good 3.4 million in 2008, compared to almost 3.8 million this year. At 2.0 %, price buoyancy should be similarly high to 2007. Business forecast for the transport and logistics sector in % 2006 2007 Worse No change Better Worse No change Better Worse No change July August September Better 80 70 60 50 40 30 20 10 0 Favorable sector perspectives Business predictions in the transport and logistics sectors remain at a high level. Around 50 % of companies questioned expect to see a more favorable business trend over the next three months, while 45 % expect their development to remain unchanged. Only 3 % of those questioned expect their business to worsen over the next quarter. In regard to the future price and cost trend, a high proportion of those questioned (57 % or 55 % of companies) expect to see a rising trend over the next three months. Source: SCI Verkehr GmbH Company-specific outlook Risks and opportunities The risks and opportunities described in the group management report for the 2006 annual financial statements, in the report on expected developments and the risk report remain applicable. Following the acquisition of the minority interests in the Deufol Tailleur Group, the shareholders of D.Logistics AG are able to participate more strongly in the positive growth and earnings perspectives of the industrial goods packaging segment. Results planning confirmed sales corridor increased slightly D.Logistics AG confirms its results planning published in its half-year financial report for the fiscal year 2007 and is increasing its expected sales corridor to 325 335 million (previously 319 331 million). We hereby assume that the original sales planning will be clearly exceeded in industrial goods packaging, while consumer goods packaging is expected to be at the lower end of the planning range not least due to the weak US dollar and warehouse logistics will probably slightly miss its sales goal, partly due to the disposal of PickPoint AG. We continue to expect a Group EBITA of between 11.4 and 12.5 million. In addition, to strengthen the packaging division acquisitions comprising an annual sales volume of up to 15 million remain under review.

0 10 Page Consolidated Interim Financial Statements Consolidated Income Statement (IFRS) Consolidated Income Statement (IFRS) July 1, 2007 July 1, 2006 Jan. 1, 2007 Jan. 1, 2006 Sep. 30, 2007 Sep. 30, 2006 Sep. 30, 2007 Sep. 30, 2006 in thousands Restated * Restated * Notes / Page Sales 84,579 79,561 246,295 236,961 01 / 16, 18, 19 Cost of Sales (75,148) (69,916) (218,256) (210,578) Gross profit 9,431 9,645 28,039 26,383 Selling expenses (1,038) (1,060) (3,322) (3,566) General and administrative expenses (5,779) (4,279) (16,646) (16,833) Other operating income 626 6,453 1,821 11,038 Other operating expenses (232) (2,373) (1,286) (3,278) Profit (loss) from operations (EBIT) 3,008 8,386 8,606 13,744 Financial income 291 385 937 1,735 Finance costs (1,606) (1,064) (4,794) (3,378) Share of profit (loss) of associates 136 117 421 535 Other financial income (finance costs) 0 0 0 0 Profit (loss) before taxes (EBT) 1,829 7,824 5,170 12,636 Income tax income (expenses) (1,385) (1,381) (1,997) (2,545) Income (loss) 444 6,443 3,173 10,091 of which income (loss) attributable to minority interests 124 (1,830) 1,064 (712) of which income (loss) attributable to equity holders of parent 320 8,273 2,109 10,803 Earnings per share Basic and diluted earnings per share, based on the income (loss) attributable to common shareholders of D.Logistics AG 0.008 0.195 0.050 0.254 02 / 16 Average number of shares in circulation 42,523,170 42,496,152 42,506,894 42,494,585 02 / 16 * For information on the alignment of the previous year figures as a result of applying IFRIC 4 for the first time, refer to the comments in the Notes on page 15.

Consolidated Balance Sheet (IFRS) Consolidated Interim Financial Statements Page 0 11 Consolidated Balance Sheet (IFRS) Assets in thousands Sep. 30, 2007 Dec. 31, 2006 Notes / Page Current assets 92,038 87,737 Cash and cash equivalents 15,066 11,716 Financial receivables 1,258 1,151 Trade receivables 54,313 52,352 Inventories 15,755 13,766 Tax receivables 2,637 2,140 Other receivables and other assets 3,009 6,612 Noncurrent assets 137,123 122,859 Property, plant and equipment 51,380 54,998 Investment property 994 1,073 Goodwill 59,599 41,540 Intangible assets 2,021 1,200 Equity-method accounted investments 2,193 2,208 Other financial assets 249 249 Financial receivables 8,720 9,108 Other receivables and other assets 6,121 6,563 Deferred tax assets 5,846 5,920 Total assets 229,161 210,596 Equity and liabilities in thousands Sep. 30, 2007 Dec. 31, 2006 Notes / Page Current liabilities 82,677 83,571 Bank loans and overdrafts 23,559 20,972 Other financial liabilities 1,033 8,492 Trade payables 35,564 34,239 Tax liabilities 3,282 2,646 Other liabilities 17,378 14,665 Other provisions 1,861 2,557 Noncurrent liabilities 63,680 42,087 Bank loans and overdrafts 44,493 25,795 Other financial liabilities 8,991 9,640 Other liabilities 4,663 296 Provisions for pensions 1,771 1,987 Other provisions 370 254 Deferred tax liabilities 3,392 4,115 Equity 82,804 84,938 03 / 17 Equity attributable to minority interests 1,272 5,163 Group equity 81,532 79,775 Subscribed capital 42,533 42,499 Capital reserves 106,850 104,210 Accumulated losses (64,291) (65,402) Other recognized income and expense (3,560) (1,532) Total equity and liabilities 229,161 210,596

0 12 Page Consolidated Interim Financial Statements Consolidated Cash Flow Statement Consolidated Cash Flow Statement July 1, 2007 July 1, 2006 Jan. 1, 2007 Jan. 1, 2006 Sep. 30, 2007 Sep. 30, 2006 Sep. 30, 2007 Sep. 30, 2006 in thousands Restated * Restated * Notes / Page Income (loss) 444 6,443 3,173 10,091 Adjustments to reconcile income (loss) to cash flows from operating activities Depreciation and amortisation charges 2,048 1,951 6,341 6,800 (Gain) loss from disposal of property, plant and equipment (59) 0 (49) 36 (Gain) loss from sale of investments 0 (5,670) 165 (5,670) (Income) loss from equity-accounted affiliates (136) (117) (421) (517) Deferred taxes 417 471 (73) 772 Other non-cash revenue (expenses) 113 0 1,148 0 Changes in assets and liabilities from operating activities Change in trade accounts receivable (6,770) (5,699) (1,446) (6,602) Change in inventories (1,349) (2,053) (1,406) 179 Change in other receivables and other assets 2,453 (316) (547) (2,693) Change in trade accounts payable 4,870 3,841 728 3,559 Change in other liabilities (198) 3,225 2,056 4,647 Change in accrued expenses (521) (264) (985) (1,380) Change in other assets / liabilities 96 1,716 159 (952) Net cash provided by (used in) operating activities 1,408 3,528 8,843 8,270 04 / 17 Purchase of intangible assets and property, plant and equipment (931) (1,891) (2,921) (3,660) Purchase of subsidiaries (2) 0 (21,502) 0 Proceeds from the sale of intangible assets and property, plant and equipment 82 0 125 337 Dividends received 436 0 436 0 Proceeds from the sale of financial assets 1,000 2,000 4,000 2,000 Net change in financial receivables 287 229 281 768 Net cash provided by (used in) investing activities 872 338 (19,581) (555) 04 / 17 Proceeds from borrowings 4,753 2,785 32,707 8,013 Repayment of borrowings (3,665) (1,866) (12,054) (7,103) Net change in other financial liabilities (358) (489) (6,378) (517) Proceeds from capital increase 0 9 11 9 Dividends paid to minority shareholders (394) 0 (541) (174) Net cash provided by (used in) financing activities 336 439 13,745 228 04 / 17 Change in cash and cash equivalents from the acquisition (disposal) of subsidiaries 0 (23) 343 (23) Change in cash and cash equivalents due to exchange rate changes 0 0 0 0 Change in cash and cash equivalents 2,616 4,282 3,350 7,92 Cash and cash equivalents at the beginning of the period 12,450 11,444 11,716 7,806 Cash and cash equivalents at the end of the period 15,066 15,726 15,066 15,726 * For information on the alignment of the previous year figures as a result of applying IFRIC 4 for the first time, refer to the comments in the Notes on page 15.

Consolidated Statement of Changes in Equity Consolidated Interim Financial Statements Page 0 13 Consolidated Statement of Changes in Equity Other recognized income and expense in thousands Subscribed capital Capital reserves Accumulated losses Cumulative translation adjustment Gain (loss) from fair value measurement of financial instruments Reserve for cash flow hedges Total Group equity Equity attributable to minority interest Total equity Balance at Dec. 31, 2005 42,494 104,121 (76,765) 1,774 54 (1) 71,677 6,174 77,851 Income (loss) 10,803 10,803 (712) 10,091 Changes recognized directly in equity (2,156) (3) (2,159) (2,159) Total recognized income and expense 0 0 10,803 (2,156) 0 (3) 8,644 (712) 7,932 Capital increases 5 15 20 64 84 Dividends (174) (174) Changes in the scope of consolidation (25) (25) Balance at September 30, 2006 42,499 104,136 (65,962) (382) 54 (4) 80,341 5,327 85,668 Balance at December 31, 2006 42,499 104,210 (65,402) (1,559) 0 27 79,775 5,163 84,938 Income (loss) 2,109 2,109 1,064 3,173 Changes recognized directly in equity (998) (2,026) (2) (3,026) (3,026) Total recognized income and expense 0 0 1,111 (2,026) 0 (2) (917) 1,064 147 Capital increases 34 2,640 2,674 11 2,685 Dividends (1,433) (1,433) Changes in the scope of consolidation (3,533) (3,533) Balance at September 30, 2007 42,533 106,850 (64,291) (3,585) 0 25 81,532 1,272 82,804

0 14 Page Consolidated Interim Financial Statements Notes to the Consolidated Interim Financial Statements Notes to the Consolidated Interim Financial Statements General balancing and valuation methods These unaudited consolidated financial statements for the interim report describe the business activities of D.Logistics AG and its subsidiaries (the Group ). The statements were produced in accordance with IFRS ( International Financial Reporting Standards ). All IFRS (IFRSs, IASs, IFRICs, SICs) valid on the balance sheet date which are applicable in the European Union were complied with. In principle, the balancing and valuation methods used are those for the last consolidated financial statements at the end of the fiscal year. A detailed description of these methods is provided in our annual report for the year 2006. In addition, IAS 34 Interim Financial Statements was applied. Consolidated group All significant subsidiaries subject to the legal and factual control of D.Logistics AG were included in the consolidated financial statements. The consolidated group is as follows: Dec. 31, 2006 Additions Disposals Sep. 30, 2007 Consolidated subsidiaries 35 2 1 36 thereof in Germany 24 2 1 25 thereof outside Germany 11 0 0 11 Companies valued using the equity method 4 0 0 4 thereof in Germany 3 0 0 3 thereof outside Germany 1 0 0 1 Total 39 2 1 40 Currency translation The financial statements of the foreign subsidiaries included in the group financial statements whose functional currency is not the euro were converted into the group currency euro on the balance sheet cut-off date in accordance with IAS 21 in with the functional currency concept. The conversion was in accordance with the modified closing rate method. The US dollar exchange rate used for the currency translation developed as follows: Middle rate as of balance sheet date Average rate of exchange Foreign currency per Sep. 30, 2007 30.09.2006 9 M 2007 9 M 2006 US dollar 1.4179 1.2660 1.3444 1.2442

Notes to the Consolidated Interim Financial Statements Consolidated Interim Financial Statements Page 0 15 Acquisitions and sales Deufol Tailleur GmbH, a 55 % subsidiary of D.Logistics AG which is also the lead company in the industrial goods packaging segment, has acquired 100 % of the shares in the following companies: LTP Logistic und Technik GmbH Walpa Gesellschaft für Übersee- und Spezialverpackung & Co. KG Walpa Gesellschaft für Übersee- und Spezialverpackung mbh (Walpa GmbH) Fischer Kisten GmbH. The first two of these companies were subsequently merged with Walpa GmbH, so that Walpa GmbH and Fischer Kisten GmbH are included in the consolidated financial statements from April 1, 2007. We refer to the half-year financial report in respect of the amounts reported for the assets and liabilities of the acquired companies. Consolidated sales for the period from April to September amount to 4,867 thousand, consolidated EBIT before amortization for the established clientele and the patent to 219 thousand. In addition, on June 29, 2007 the 45 % minority interests were purchased in Deufol Tailleur GmbH with a dividend right from January 1, 2007. Deufol Tailleur GmbH and its subsidiaries already formed part of the consolidated group of D.Logistics AG. The purchase price was 23 million, of which 18 million were paid on June 29. The remaining purchase price payments are staggered as follows: 1.5 million on June 30, 2008, 1.5 million on June 30, 2009 and 2.0 million on June 30, 2010. In addition, a performance-related purchase price component was agreed, which is due in 2010 and may amount to up to 7.0 million. 72.34 % of the shares in PickPoint AG were sold, so that D.Logistics AG now holds 19.99 % of PickPoint AG. The sale price of the shares was 1. The company withdrew from the group of fully consolidated companies on June 30, 2007 and will in future be carried as an other equity investment. Adjustments due to the first-time application of IFRIC 4 (Embedded Leases) In its half-year financial report for the fiscal year 2006, D.Logistics AG applied the IFRIC Interpretation 4 Determining Whether an Arrangement Contains a Lease whose application is mandatory since January 1, 2006. Due to the final calculation within the framework of preparing the consolidated financial statements as of December 31, 2006, the first nine months of 2006 were adjusted as follows:

0 16 Page Consolidated Interim Financial Statements Notes to the Consolidated Interim Financial Statements in thousands 9M 2006 Adjustments 9M 2006 As originally Adjusted reported Income statement Cost of sales (210,628) 50 (210,578) Other operating income 10,657 381 11,038 EBIT 13,313 431 13,744 Financial income 1,928 (193) 1,735 Income tax income (expenses) (2,449) (96) (2,545) Profit (loss) for the period 9,949 142 10,091 Of which shareholders in the parent company 10,661 142 10,803 Balance sheet Assets Current financial receivables 795 285 1,080 Property, plant and equipment 55,373 (45) 55,328 Noncurrent financial receivables 9,994 (570) 9,424 Deferred tax assets 5,283 (4) 5,279 Total equity and liabilities Deferred tax liabilities 5,080 (117) 4,963 Accumulated losses (65,745) (217) (65,962) 01 Sales In respect of further comments on the sales, we refer to the segment reporting. 02 Earnings per share The basic earnings per share are calculated in accordance with IAS 33 as a quotient from the group period result due to the shareholders of D.Logistics AG and the average number of shares in circulation during the fiscal year. Newly issued shares are to be taken into consideration pro rata temporis for the period in which they are in circulation. The convertible bonds issued in December 2004 do not have any diluting effect as their conversion into common stock would not reduce the earnings per share resulting from continuing operations. Result in thousands July 01, 2007 July 01, 2006 Jan. 01, 2007 Jan. 01, 2006 Sep. 30, 2007 Sep. 30, 2006 Sep. 30, 2007 Sep. 30, 2006 Result attributable to the holders of D.Logistics AG common stock 320 8,273 2,109 10,803 Shares outstanding, figures in units Weighted average number of shares 42,523,170 42,496,152 42,506,894 42,494,585 Earnings per share, figures in Basic and diluted earnings per share, based on the profit attributable to holders of D.Logistics AG common shares 0.008 0.195 0.050 0.254

Notes to the Consolidated Interim Financial Statements Consolidated Interim Financial Statements Page 0 17 03 Equity In July 2007, out of the outstanding convertible bond a nominal volume of 61,600 was converted into 34,220 shares in the company. As a consequence, the Subscribed Capital increased by 34,220 and the 27,380 which exceeded the nominal value of these shares were added to the capital reserves. The conversion privilege from the 2004-2009 convertible bond was thus far classifiable as a debt derivative due to the loan terms and was valuable at fair value. Since the Executive Board of D.Logistics AG decided in May to waive the option of money compensation in the event of conversion, the conversion right is classifiable as an equity derivative as of the date of this decision. This led in the second quarter to a transfer without affecting the operating result and to an increase in the capital reserves by approx. 2.6 million. In accordance with this, deferred taxes also resulting from the valuation of the derivative were allocated to the accumulated losses without affecting the operating result. Equity attributable to minority interests was reduced by 4.4 million through the acquisition of the 45 % interests in Deufol Tailleur GmbH. 04 Cash flow statement The cash flow statement shows the origin and appropriation of the money flows in the first nine months of the fiscal years 2006 and 2007. It is of key significance for an assessment of the financial position of the D.Logistics Group. The cash funds shown in the cash flow statement correspond to the balance sheet item Cash and cash equivalents. The net cash provided by (used in) operating activities has been adjusted for changes to the consolidated group and in the first nine months of 2007 amounted to 8,843 thousand. The outflow of funds from investing activities amounted to 19,581 thousand and is mainly characterized by acquisitions. The inflow of funds from financing activities was 13,745 thousand and mainly reflects borrowing in connection with the acquisitions. The non-cash decrease in fin ancial liabilities resulting from the convertible bond amounted to 1.471 thousand in the first nine months of 2007. Dividend No dividend was distributed in the first nine months of 2007. Contingencies In respect of the changes to the contingencies and to the contingent claims and liabilities, we refer to the performance-related purchase price component shown under acquisitions and sales for the purchase of the minority interests in Deufol Tailleur GmbH. There were no other significant changes by comparison to December 31, 2006.

0 18 Page Consolidated Interim Financial Statements Notes to the Consolidated Interim Financial Statements 01 Segment information by division (primary reporting format) Consumer Industrial Ware- Holding Consoli- Group Goods Goods house dation Amounts in thousands Packaging Packaging Logistics 9 M 2007 External sales 96,930 107,139 42,014 212 0 246,295 Intragroup sales 6,100 16,552 2,455 582 (25,689) 0 Total revenues 103,030 123,691 44,469 794 (25,689) 246,295 EBITA=EBIT 2,118 5,869 3,185 (2,474) (92) 8,606 Sales by segment 9M 2007 in % Consumer Goods Packaging 39.35 Industrial Goods Packaging 43.50 Warehouse Logistics 17.06 Holding company 0.09 Financial result (1,511) (508) (505) (912) 0 (3,436) of which earnings from associates 0 421 0 0 0 421 EBTA=EBT 607 5,361 2,680 (3,386) (92) 5,170 Taxes (374) (1,412) (726) 515 0 (1,997) Income (loss) 3,173 Assets 83,736 51,937 37,834 47,171 0 220,678 Non-allocated assets 8,483 Total assets 229,161 Financial liabilities 16,493 13,206 14,355 34,022 0 78,076 Other debt 33,419 14,705 7,658 5,825 0 61,607 Non-allocated debt 6,674 Total debt 146,357 Depreciation, amortization and impairment 2,828 1,729 1,320 464 0 6,341 Capital expenditure 1,867 1,837 658 19,032 0 23,394 9 M 2006 External sales 101,304 88,144 47,190 323 0 236,961 Intragroup sales 6,758 14,383 2,014 531 (23,686) 0 Total revenues 108,062 102,527 49,204 854 (23,686) 236,961 EBITA = EBIT 2,611 4,706 2,467 3,946 14 13,744 Financial result (1,433) (326) (735) 1,386 0 (1,108) of which earnings from associates 0 540 0 (5) 0 535 EBTA = EBT 1,178 4,380 1,732 5,332 14 12,636 Taxes (793) (901) (831) (20) 0 (2,545) Income (loss) 10,091 Assets 95,053 45,335 39,308 32,998 0 212,694 Non-allocated assets 8,085 Total assets 220,779 Financial liabilities 20,562 14,195 15,355 14,956 0 65,068 Other debt 35,281 16,027 8,470 1,448 0 61,226 Non-allocated debt 8,817 Total debt 135,111 Depreciation, amortization 3,210 1,688 1,680 454 0 7,032 and impairment Capital expenditure 2,207 1,021 771 11 0 4,010

Notes to the Consolidated Interim Financial Statements Consolidated Interim Financial Statements Page 0 19 01 Segment information by region (secondary reporting format) Germany Rest of USA / Rest Holding Consoli- Group in thousands Europe of world company dation 9 M 2007 External sales 137,160 67,091 41,832 212 0 246,295 Internal sales 18,794 1,192 5,121 582 (25,689) 0 Total sales 155,954 68,283 46,953 794 (25,689) 246,295 EBITA = EBIT 8,542 2,587 43 (2,474) (92) 8,606 Financial result (899) (174) (1,451) (912) 0 (3,436) External sales by region 9M 2007 in % Germany 55.78 Rest of Europe 27.24 USA / Rest of world 16.98 EBTA = EBT 7,643 2,413 (1,408) (3,386) (92) 5,170 Taxes (2,017) (1,021) 526 515 0 (1,997) Assets 66,285 58,016 49,206 47,171 0 220,678 Financial liabilities 13,731 18,705 11,618 34,022 0 78,076 Other debt 19,812 25,830 10,140 5,825 0 61,607 Depreciation, amortization and impairment 2,447 1,485 1,945 464 0 6,341 Investments 1,981 1,531 850 19,032 0 23,394 9 M 2006 External sales 124,138 65,014 47,486 323 0 236,961 Internal sales 16,374 1,282 5,499 531 (23,686) 0 Total sales 140,512 66,296 52,985 854 (23,686) 236,961 EBITA = EBIT 5,215 2,982 1,587 3,946 14 13,744 Financial result (905) (211) (1,378) 1,386 0 (1,108) EBTA = EBT 4,310 2,771 209 5,332 14 12,636 Taxes (1,478) (940) (107) (20) 0 (2,545) Assets 60,419 60,699 58,578 32,998 0 212,694 Financial liabilities 14,814 21,021 14,277 14,956 0 65,068 Other debt 22,064 27,484 10,230 1,448 0 61,226 Depreciation, amortization and impairment 2,769 1,704 2,105 454 0 7,032 Investments 1,464 1,035 1,500 11 0 4,010 Goodwill by segment The following table shows the breakdown of goodwill by segment: Consumer Industrial Warehouse Total Goods Goods Logistics in thousands Packaging Packaging Book value on December 31, 2006 10,228 24,109 7,203 41,540 Additions 20,147 20,147 Currency differences (2,088) (2,088) Depreciation, amortization and impairment Disposals Reclassifications Book value on September 30, 2007 8,140 44,256 7,203 59,599 Significant events after the balance sheet date There were no significant events after the balance sheet date.

0 20 Page Consolidated Interim Financial Statements Notes to the Consolidated Interim Financial Statements Supplementary disclosures Composition of the Executive Board and the Supervisory Board There were no changes to the members of the Executive and Supervisory Boards in the first nine months of the fiscal year 2007. Securities held by the organs On September 30, 2007, the Executive Board held 18,152,522 shares. On September 30, 2007, the Executive Board held 243,750 options. The members of the Supervisory Board do not hold either shares or options to purchase shares in D.Logistics AG. The securities holdings are as follows: No-par value No-par value Options Options shares shares Sep. 30, 2007 Dec. 31, 2006 in thousands Sep. 30, 2007 Dec. 31, 2006 Executive Board Detlef W. Hübner 17,769,189 14,785,239 0 0 Andreas Bargende 383,333 383,333 200,000 150,000 Tammo Fey 0 0 43,750 0 Total 18,152,522 15,168,572 243,750 150,000 In addition, on September 30, 2007 Mr. Detlef W. Hübner holds convertible bonds issued by D.Logistics AG with a principal amount of 50 thousand. Securities transactions of the organs (directors dealings) Transactions of the organs involving financial instruments of D.Logistics AG are notified promptly in accordance with the statutory regulations. An overview of transactions can be found on the website of D.Logistics AG (www.dlogistics.com) in the Investor & Public Relations area under the The share item. Relationships with related parties With regard to the transactions with related parties, there was one significant change in relation to the previous annual financial statements. The loans of 5.3 million provided by Mr. Wagner to the Deufol Tailleur Group were repaid as part of the acquisition of the 45 % minority interests in Deufol Tailleur GmbH as of June 29, 2007.

Financial Calendar November 13, 2007 Interim Report III / 2007 April 8, 2008 Annual Financial Statements 2007 May 13, 2008 Interim Report I / 2008 August 14, 2008 Interim Report II / 2008 November 13, 2008 Interim Report III / 2008 Key to Symbols Basis of Preparation Basis of Consolidation Consolidated Income Statement Disclosures Consolidated Balance Sheet Disclosures Consolidated Cash Flow Statement Disclosures Segment Information Supplementary Disclosures Contact / Imprint D.Logistics AG Rainer Monetha Head of Investor & Public Relations Johannes-Gutenberg-Straße 3 5 65719 Hofheim (Wallau) Germany Phone: +49 (0) 61 22 50-12 38 Fax: +49 (0) 61 22 50-13 06 E-mail: info@dlogistics.com Published by: D.Logistics AG Concept and Design: FIRST RABBIT GmbH, Cologne This report is available in German and English. Both versions are available on the internet under www.dlogistics.com.

D.Logistics AG Johannes-Gutenberg-Str. 3 5 D-65719 Hofheim (Wallau) Phone + 49 61 22 50-00 Fax + 49 61 22 50-13 00