Capital Market Forum Monday, November 22, 2010



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Monday, November 22, 2010 Room Plenum 10:00 Welcome Address and Opening Remarks in Plenum / Dr. Ulrich Schröder, KfW Bankengruppe, CEO / Dr. Reto Francioni, Deutsche Börse AG, CEO 10:15 Era of Less Attractive Yields Unavoidable Keynote Speech in Plenum / Prof. Dr. Norbert Walter, Walter & Töchter Consult, Founder 11:00 A Macroeconomic Perspective on China Hosted by Deutsche Börse AG International Focus / Volker Potthoff, CMS Hasche Sigle / Daniel McCormack, Macquarie, Head of European and UK Economics / Prof. Dr. Norbert Walter, Walter & Töchter Consult, Founder 12:15 Equity for a Sustainable Development of SMEs Hosted by KfW Bankengruppe The "Eigenkapitalfonds für den deutschen Mittelstand" The lack of equity threats to constrain growth and innovation in the current economic boom. The intention of the "Eigenkapitalfonds für den deutschen Mittelstand" is to strengthen the equity base of medium-sized enterprises and to meet simultaneously their requirements for investors. Among the required terms and conditions are counted especially minority stakes, which provide real equity for growth investments and secure a high degree of entrepreneurial autonomy. / Wolfram Schweickhardt, KfW Bankengruppe, Deputy Public Relations Officer / Dr. Stephan Schödel, AFINUM Management, Investment Manager / Michael Hildisch, AFINUM Management, Partner / Dr. Gernot Eisinger, AFINUM Management GmbH, Founder / Albrecht Deißner, KfW Bankengruppe, Director Product Development / Dr. Katrin Stark, Commerzbank AG, Head of Portfoliomanagement 13:15 Lunch Buffet and Exhibition 14:30 Performance of Venture Capital Backed IPOs Hosted by EVCA European Analysis / Georges Noël, EVCA - European Private Equity & Venture Capital Association, Director 1

15:00 Growth Capital for SMEs Hosted by BVK e.v. A Survey of the German "Mittelstand" / Dörte Höppner, BVK, Managing Director / Jürgen von Wendorff, HANNOVER Finanz GmbH, Managing Director 15:30 Coffee Break 16:00 Venture Capital An Asset Class of Strategic Importance for the Economy Hosted by FCF Fox Corporate Finance / Dr. Paul-Josef Patt, ecapital entrepreneurial Partners AG, Managing Partner / Dr. Jörg Überla, ETF European Technology Fund, Venture Partner / Christian Claussen, CREDIT AGRICOLE PRIVATE EQUITY, Senior Partner 17:15 Will the European Market for VC IPO Exits recover? Hosted by Jefferies Panel Discussion / Dr. Martina Ecker, Jefferies 18:30 End of Forum Program Please note: Program of Investors' Conferences is scheduled from 08:15 till 18:40 2

Monday, November 22, 2010 Room Frankfurt 10:00 Welcome Address and Opening Remarks in Plenum / Dr. Ulrich Schröder, KfW Bankengruppe, CEO / Dr. Reto Francioni, Deutsche Börse AG, CEO 10:15 Era of Less Attractive Yields Unavoidable Keynote Speech in Plenum / Prof. Dr. Norbert Walter, Walter & Töchter Consult, Founder 11:00 Critical Success Factor Investmentcase Hosted by LBBW IPO-Workshop / Dr. Elmar Jakob, IPONTIX Equity Consultants GmbH, Managing Partner / Prof. Dr. Wolfgang Blättchen, Blättchen Financial Advisory GmbH, Managing Director / Jobst Bartmer, LBBW, Managing Director 12:15 Challenges of Valuation and Pricing in Continued Market Uncertainty IPO-Workshop Hosted by DZ BANK / fundamental methods of valuation / news regarding accounting standards - challenges from a volatile market / private equity: trade sales versus IPO considerations / successful pricing and distribution techniques / Dr. Lothar Weniger, DZ BANK, Head of Equity Research / Michael Salcher, KPMG AG Wirtschaftsprüfungsgesellschaft, Partner, Corporate Finance / Christian Niederle, Network Corporate Finance GmbH & Co. KG, Managing Partner / Kay Steffen, DZ BANK, Head of Syndication & Corporate Broking 13:15 Lunch Buffet and Exhibition 14:30 Strategies to De-Risk IPO Execution Hosted by Credit Suisse IPO-Workshop / Philip A. Grosse, Credit Suisse, Director 15:30 Coffee Break 3

16:00 Flexible Financing via Standby Equity - Structures, Marketoverview and Case Studies Expert Presentation / Stephan Heinemann, Taylor Wessing, Partner / Dr. Thomas Klaue, Marseille-Kliniken AG, CFO Hosted by Taylor Wessing 17:15 Will the European Market for VC IPO Exits recover? Hosted by Jefferies Panel Discussion in Plenum / Dr. Martina Ecker, Jefferies 18:30 End of Forum Program Please note: Program of Investors' Conferences is scheduled from 08:15 till 18:40 4

Tuesday, November 23, 2010 Room Plenum 09:00 Access to Capital Markets - What do International Investors Want? Expert Presentation Hosted by Morgan Stanley / Investor appetite: some lessons learned from recent deals. / Which features of a company are the most important? / Is there a sector preference among investors? / Johannes Borsche, Morgan Stanley Bank AG, Executive Director 10:00 How German is the German Equity Market? An Analysis of Recent Trends Panel Discussion Hosted by Deutsche Börse / Dr. Bernhard Jünemann, DAF Deutsches Anleger Fernsehen AG / Johannes Borsche, Morgan Stanley Bank AG, Executive Director / Henning Gebhardt, DWS Investment GmbH, Head of European Equities / Carsten Stäcker, MainFirst Bank AG 11:15 HAMBORNER REIT AG Reloaded - Relaunch of a Share Hosted by WestLB / Maren Lorth, WestLB AG, Executive Director / Dr. Rüdiger Mrotzek, HAMBORNER REIT AG, Board Member / Hans Richard Schmitz, HAMBORNER REIT AG, Board Member 12:15 Lunch Buffet and Exhibition 13:45 Opportunities and Risks for German Corporates in Asia Hosted by Macquarie / Carsten Werle, Macquarie Securities Group, Head of German and Swiss Research / Ralph Heuwing, Dürr AG, CFO (Chief Financial Officer) / Dr. Stefan Wolf, ElringKlinger AG, CEO 15:00 Capital Markets (Re-) Financing: Capital Increases, Convertibles, and Corporate Bonds Expert Presentations Hosted by Close Brothers Seydler Bank AG / Dietmar Schieber, Close Brothers Seydler Bank AG, Executive Director, Equity Capital Markets 5

16:15 Coffee Break 16:45 Capital Increases for Growth Financing Hosted by LBBW Expert Presentation and Case Study / Oliver Graf, LBBW, Head of Unit / Christian Schunck, SKW Stahl-Metallurgie Holding AG, Head of Investor Relations / Dr. Andreas C. Lohner, Baker & McKenzie, Partner 17:45 Bond Financing - Perspectives Beyond the Crisis Hosted by Deutsche Börse Closing Discussion in Plenum / Rainer Riess, Deutsche Börse AG / Arne Laarveld, equinet Bank Aktiengesellschaft, Managing Director / Prof. Dr. Wolfgang Blättchen, Blättchen Financial Advisory GmbH, Managing Director / Wolfgang Krappe, Capitell Vermögens-Management AG, Member of the Executive Board / Marc-Oliver Kurth, Taylor Wessing, Partner 18:45 End of Forum Program Please note: Program of Investors' Conferences is scheduled from 08:15 till 18:40 19:00 Get-Together Hosted by Deutsche Börse AG Dinner : Christian Gansch Venue: Radisson BLU Hotel Frankfurt; shuttle service to the venue will be provided 6

Tuesday, November 23, 2010 Room Frankfurt 09:00 Access to Capital Markets - What do International Investors Want? Expert Presentation in Plenum Hosted by Morgan Stanley / Investor appetite: some lessons learned from recent deals. / Which features of a company are the most important? / Is there a sector preference among investors? / Johannes Borsche, Morgan Stanley Bank AG, Executive Director 10:00 IFRS - Current Developments and Challenges Hosted by Ernst & Young Ernst & Young Forum / Elfriede Eckl, Ernst & Young GmbH, Managing Director / Andreas Grote, Ernst & Young GmbH, Managing Director / Michael Oppermann, Ernst & Young GmbH, Managing Director 11:15 New Requirements for the Corporate Governance Hosted by Ernst & Young Ernst & Young Forum Key Aspects, Challenges and Experiences on the Implementation of the New Regulations imposed by the German Accounting Modernization Act ("BilMoG") / Siegfried Scheufele, Ernst & Young GmbH, Managing Director / Manfred Janssen, Ernst & Young GmbH, Prokurist/Bevollmächtigter 12:15 Lunch Buffet and Exhibition 13:45 IPO - Requirements - Process - Successful Realisation Hosted by equinet Bank AG IPO Workshop / IPO process, an overview / IPO readiness from the perspective of the auditor / IPO dos and dont s from the legal point of view / Gerald Diezel, equinet Bank AG, Managing Director / Lutz Frey, Ernst & Young GmbH, Managing Director / Dr. Andreas Zanner, CMS Hasche Sigle, Partner 15:00 IPOs Emerging Markets: Lessons Learnt - Chinese Companies on the Way to Go Public IPO Workshop Hosted by DZ BANK 7

/ Kersten Schmitz, DZ Bank, Senior Vice President / Dr. Gebhard Zemke, BDO Deutsche Warentreuhand, Partner / Dr. Andreas Zanner, CMS Hasche Sigle, Partner / Jörg Peters, PvF Investor Relations, Partner / Elmar Thöne, DZ BANK, Head of Equity Capital Markets Origination 16:15 Coffee Break 16:45 Sustainable Risk Rating - The Impact of Sustainability on Credit Policy Expert Presentation / Marc Bernhof, HSBC Trinkaus, Associate Director, Sustainability Risk / Steffen Pörner, HSBC Trinkaus, Director, Head of Corporate Communications Hosted by HSBC Trinkaus 17:45 Private Equity in the German Mittelstand Hosted by RölfsPartner Wirtschaftsprüfung Minority Investment in the WEPA Group (Case Study) / Markus Kurzhals, RölfsPartner Gruppe, Partner - Head of Transactions WP / Martin Krengel, WEPA Industrieholding SE, CEO (Chief Executive Officer) 18:45 End of Forum Program Please note: Program of Investors' Conferences is scheduled from 08:15 till 18:40 19:00 Get-Together Hosted by Deutsche Börse AG Dinner : Christian Gansch Venue: Radisson BLU Hotel Frankfurt; shuttle service to the venue will be provided 8

Wednesday, November 24, 2010 Room Plenum 10:00 PE and VC Co-Investments - Closing a Structural Gap in European SME Financing? Hosted by Taylor Wessing / Dr. Peter Hellich, Taylor Wessing, Partner 11:15 SME Financing via Mezzanine Hosted by FCF Fox Corporate Finance / Steffen Schneider, FCF Fox Corporate Finance / Klaus Sachse, CBG Commerz Beteiligungskapital GmbH & Co. KG / Dr. Frank Golland, M Cap Finance Mittelstand GmbH & Co. KG 12:30 Lunch Buffet and Exhbition 15:30 End of Forum 9

Wednesday, November 24, 2010 Room Frankfurt 10:00 Burden or Relief - Criteria for the Efficient Use of External Service Providers IR Workshop Hosted by PvF Investor Relations / Jörg Peters, PvF Investor Relations, Partner / Dr. Alexander Serfas, PvF Investor Relations, Partner 11:15 Social Media in Investor Relations - Chances Offered by Facebook, Twitter & Co. IR Workshop Hosted by Haubrok AG / Edda Vogt, Deutsche Börse AG, Head of Unit / Axel Haubrok, Haubrok AG, CEO 12:30 Lunch Buffet and Exhbition 15:30 End of Forum 10