A MONTANA TECH COMPONENTS COMPANY

ALUFLEXPACK Group

„Leading European brands rely on our flexible packaging and appreciate our highest product quality, stringent production procedures and conditions and enjoy our reliable and passionate service.“

IGOR ARBANAS . CEO ALUFLEXPACK Group

4 AFP GrOUP

Setting up the Montana Tech Components AG, we committed ourselves to line up hidden champions with realistic growth potential, support their development and establish them as world market leaders in their respective industries. Since the end of 2012, the Aluflexpack Group ("AFP Group") belongs to our Industrial Components division, and is now on the best way to become one of the leading European flexible packaging companies.

MArTiN OHNEbErg

Chairman of the board of AFP group

MiCHAEl TOjNEr

Founder & majority shareholder of

Montana Tech Components Ag

The Aluflexpack Group (AFP Group) is the clear market leader in the production of flexible aluminium packaging in Croatia and number 3 in Europe in its markets.

This already strong competitive position will be expanded even further. The encouraging development of the AFP Group since the take over in December 2012 based on the succesfull roll-out of the investment programme, the increase of process efficiency through focused cost-reduction measures and the overall business growth combined with current market developments and consolidations open up new development opportunities for the AFP Group.

AFP Group’s customers and the group itself benefit both in short and long term from the membership to the Montana Tech Compo-nents Group, stable ownership structure, experienced team and lean management:

Quick and efficient response to market requirements and challenges as well as the ability to recognise and the power to seize business opportunities are the pillars of AFP Group's success.

We, Michael Tojner and Martin Ohneberg, work closely and suc-cessfully together for over 10 years now and assure best possible sup-port to the local management and further development of the AFP Group.

Business growth, both with existing and new customers and pro-ducts as well as further increase of the profitability and competitive-ness of the AFP Group will secure its long-term success.

HiSTOrY AluFlExPACk

ZADArFoundation of Foljaplast 1982

Plant relocation to uMAg (Zadar plant was destroyed inwar, start to work in umag in rented space)Expansion of product portfolio(confectionary, food, tobacco)1st exports to Poland 1991

leading supplier for dairy/milk industry (lids, foil) in Yugoslavia 1982 – 1990

Construction of own production plant in umag;renovation/expansion plant Zadar 1993

Expansion umag and Zadar:– embossing machine– slitting machines– machines for lacquering and laminating 1994 – 1999

iTAlY(Folitrade; later Aluflexpack italia)

geographical expansion of sales to iT, gEr, AuT, SlO, HuN, CZ, Sk 1992

Foundation of Aluflexpack d.o.o. as successor of Foljaplast 2001

POlANDFoljaplast Polska (later Aluflexpack Polska) 1995

AFP GrOUP 5

The AFP Group serves leading European and international companies in Europe and overseas and provides high quality flexible packaging and solutions for their most valuable and known brands.

igOr ArbANAS

CEO Aluflexpack group

The AFP Group is recognised as one of the three key players in its relevant markets in the EU and Eastern Europe.

It has been developing innovative and user and environmently fri-endly packaging solutions for more than 30 years. The group is fully and truly aware of its responsibility towards customers, employees, social and natural environment and its shareholders in all of its activities.

We are dedicated to highest level of quality in everything we do and how we do it – we are aware of many risks in our customer’s and our business and are managing them actively and accordingly.

We focus on product and process innovations together with key customers.

We believe that our passion for our business combined with our know-how, experience, responsiveness, flexibility, and creativity result in unique offering and innovations. This together with the full-hearted support of our owners is the basis for healthy and sus-tainable development – for the benefit of our customers and the group itself.

increasing exports to brazil, benelux 2002/2003

Expansion Omial, umag, Zadar:– waste disposal system– production halls, warehouse– rotogravure machines 2005 – 2007

increasing exports to Canada, France, ArgentinaExpansion umag, Zadar:– waste disposal system– production halls, warehouse– flexoprinting machines 2007/2008

Expansion Tychy, umag, Zadar, Omial:– quality control– solvent recovery plant and all supporting infrastructure – 3 flexo print machine– container forming machines– embossing machines 2009 – 2012

gErMANYAluflexpack germany, Sales Office 2002

DrNiSTakeover TOF Drnis (lacquering and extrusion; semi finished products)

2003

OMiS Takeover Omial (lacquering, forming, human and pet food industry) 2004

Tychy/PolandTakeover baron S.A. (alu container, human and pet food) 2006

Acquisition by Montana Tech Components Ag 2012

SwitzerlandTakeover Process Point (pet food) 2013

EFFiCiENT PriNTiNg MACHiNES

Excellent price-performance ratio

buSiNESS SEgMENTS

8 AFP GrOUP

Company Profile

The AFP Group is serving the flexible packaging markets in Europe with an attractive portfolio of innovative and high quality packaging solutions. Our products are mostly aluminium based, but we are also manufacturing an attractive range of complex and innovative plastic based products.

AFP Group is well-known in the European dairy, confectionary, general human and pet food industry. In addition, we managed to constantly grow our supplies to the pharmaceutical industry in the last few years and this growth will continue in future, supported by focused investments.

AFP Group is the preferred main supplier or recognised second sup-plier to many of the leading global players and market leaders. Blue Chip Customers like Ferrero maintain long-standing relationships and rely on our quality and innovation power. And many like Ritter Sport, Lactalis or Müller started business with us just several years ago and are continuously expanding business ever since.

Due to our clear business focus, commitment to our customers and their industries and long lasting business the AFP Group developed vast and profound know-how and gathered great amount of valuable experience in the packaging industry.

The AFP Group controls the material processing and final product manufacturing from the very beginning, regardless of the used mate-rials (aluminium or plastic).

We manage a very deep value chain and are constantly investing in the quality of our processes (fully ISO certified, BRC, HACCAP) and environment protection (e.g. solvent recuperation, heat exch-anger, etc.). Today our operations meet all European environmental, ethical and social responsibility standards – our customers can rely on us in every possible way.

* lacquered or protected with extruded layer, printed, slit to demand

PrODuC TS – Lids – Al Foil*

– Al Foil* – Flexible packaging – Containers – Lids – Pouches (material, finished)

– Al Foil* – Containers – Lids – Pouches (material, finished)

MOrE

iNFOrMATiON

Satisfied customers and expertise combined with determination, strength and innovation: foundation for future development

– Al Foil* – Flexible packaging

CONFEC T-

iONArYDAirY

HuMAN

FOOD

VAluE CHAiN

SErViCES

- R&D- Product development- Design- Pre-press

CONVErTiNg

- Lacquering- Extruding- Laminating

PriNTiNg

- Roto gravure (up to 11 colors)- Flexo (up to 9 colors)

FiNiSHiNg

- Slitting- Punching- Deep drawing- Embossing

QuAliT Y

- Quality assurance- Process control- QC in production- QC income / outbound- Certifications- Risk management

PET

FOOD+ OTHEr

Headquarter

Production facility

Our Sites

umag Croatia – Production facility

– Flexible packaging – rotogravure print and lamination

– Final products for Confectionary and Human Food

Einsiedeln Switzerland – Production facility

– Alu container forming

– Human and Pet food industry

Drniš Croatia – Production facility

– lacquering and extrusion

– Semi-finished products

Zadar Croatia – Headquarter and production facility

– Aluminium converting using uV-flexo and conventional flexo print

– Final products for milk, dairy and pharmaceutical industry

Omiš Croatia – Production facility

– Sterilized foils – lamination, lacquering, oiling and alu-container forming

– Human and Pet food industry

Tychy Poland – logistics hub

– Pharma, Human and Pet food industries

Additional Sales and representative Offices

gErMANY, Zorneding

iTAlY, Triest

POlAND, Poznan

AFP GrOUP 9

+ OTHEr

Management

The Aluflexpack Group employs more than 680 skilled and highly motivated people. The excellent know-how and commitment of the production employees together with the experienced sales, customer service, graphics, R&D, quality control and technical support teams are directly supporting our customers in their day to day business. Together with the strong infrastructure, this secures the long term satisfaction of Aluflexpack Group’s customers.

SErViCE:

Alenka Adamović PurchasingKarmelina Orsag LogisticsStipica Vukša ITVlasta Babić Kolar Human Resources & Legal Affairs

QuAliT Y ASSur ANCE AND CONTrOl:

Marica Stella-Mišić Mathias Klingenbeck Marijana Žilić Mariza Jugovac Ojdana KrapljanovZlatko Bilić

buSiNESS DEVElOPMENT:

Gianfranco VotteroLuis Bühler

bOArD SubSiDiAriES:

Boris Kleva Jadwiga JablonskaMaria Grabowska Mathias Klingenbeck Oliver LünenbürgerSven Troskot

FiNANCE:

Dragica Raljević Finance & BookkeepingMartina Pavić Controlling

PrODuC TiON:

Andrija Proso Helmut Schreiber Ivo DrezgaStipe Novaković Zdenko Štefanko Željko Gretić

SAlES:

Antonio Stojanov MarketingDražen Melčić Customer ServiceKrešimir Akrap DairyLjiljana Vižintin Confectionary, Human food and other industriesOliver Lünenbürger Pet Food

bOArD AFP grOuP:

Igor Arbanas CEOIvo Pastuović COOJohannes Steurer CFO

10 AFP GrOUP

Ivo Pastuović, COO Igor Arbanas, CEO Johannes Steurer, CFO Ivo Pastuović, COO Martin Ohneberg, Advisory Board Herbert Roth, Advisory Board

SuPPliEr

OF THE YEAr 2013

12 AFP GrOUP

Competences

CuSTOMEr FOCuS

Markets are becoming more and more demanding for AFP custo-mers as well, and are characterised by shorter and shorter delivery times, smaller batch sizes and increasing quality requirements.

Effective and flexible customer solutions, both technical as well as logistical, are the focus of our daily work.

Customer's benefit is generated through the highest product quality, timely deliveries, competent support and the committed service of our employees at a fair price.

DiVErSiT Y & FlExibiliT Y

Our many years of reliable work as well as the strong and uncompro-mising customer orientation have made the AFP Group a preferred partner of numerous well-known companies.

Our strengths results also from the large bandwidth of customers that we serve successfully: from small family-run businesses to international corporations.

NEW PrODuC T DEVElOPMENT

The AFP Group has significantly improved numerous important production processes and machines and acquired in-depth know-how in manufacturing of highest quality products.

The highly technical background combined with openness for inno-vation makes it possible for us to overcome market barriers and support our customers consistently from the initial idea up to serial production. The AFP Group is a recognised and often the most important development partner for packaging of numerous Euro-pean market leaders.

MANuFAC TuriNg

All our production sites are equipped with the state of the art equip-ment and measuring instruments. The AFP Group has its own laboratory that allows for end-to-end and around the clock quality control. Constant, extensive and well thought out investments in the equipment as well as quality assurance and control ensure opti-mised processes, the highest level of quality and efficient and stable production.

Our CliENTS ArE lEADiNg glObAl br ANDS SuCH AS (ExCErPT):

AFP GrOUP 13

Industrial Growth

SOliD grOW TH

The AFP Group is the market leader in Croatia and number 3 in its markets in Europe in the production of flexible aluminium packa-ging. This strong competitive position will be expanded even further.

Further and continuous improvement of the results through inter-nal cost-reduction measures and targeted investments as well as cur-rent market developments and consolidations are opening up new development opportunities. Besides the expected organic growth, strategic acquisitions are also investigated in order to be able to better serve our existing and new customers and ensure stable and healthy growth.

STrONg FOuNDATiON

–– due to great customer proximity and many years of experience, there is a clear plan for targeted expansion of our strategic

markets and product groups

–– relatively independent of macro-economic situation

–– uncompromising customer orientation: highest service and problem-solving competence and reliability

–– outstanding customer reference list

–– effective and flexible production with excellent cost-effectiveness

–– innovation and development partnerships

"It is our goal to become the preferred partner of leading European food and pharmaceutical companies for flexible packaging through our product and service quality, reliability and innovation strength."

IGOR ARBANAS . CEO

Thanks to our more than 30 years of experience as reliable provider of high-quality, flexible packaging with a broad customer base and a strong industrial owner, who urges and supports continuous improvement of our production efficiency, we are very well equipped for further growth and expansion.

14 AFP GrOUP

Value Chain

SErViCES CONVErTiNg PriNTiNg FiNiSHiNg QuAliT Y

From an idea to the final product: we provide basic material research, comprehensive product development, design ser- vices and pre-press work.

The depth of our value chain assures excellent quality of the final pro-duct: we lacquer, print, extrude and laminate functional layers on the base material.

Our state of the art printing machines allow fantastic print in roto and flexo-print on Alu-minium, plastics and paper and in addition allows numerous design options and effects.

We deliver final pro-ducts well packed and to customers specifi-cation: individual lids stacked, reels, sheets, bags, stand up pouches, sachets, ….

Our laboratories and sophisticated quality control and assurance equipment and proce-dures assure highest pos-sible quality and reliabi-lity of our supplies.

The AFP Group has over 30 years of experience in converting native aluminium and plastic foils to high-quality final products: we laminate, lacquer, extrude, print, slit, emboss, punch and form aluminium and plastics to sophisticated flexible packaging.

16 AFP GrOUP

Products

CONFEC T-

iONArY

PHArMA-

CEuTiCAlS

rEFiNED

AluMiNiuM FOil

• lacquered (e.g. silver/gold) • laminated • imprinted • embossed

• or without safety features

DAirY

HuMAN

FOOD

PE T

FOOD

liDS

• lacquered and extruded aluminium foil, printed

• delivered in different forms and sizes, punched or in rolls

Cost-effectiveness, good processing possibilities, excellent protection functions as well as favourable material and utilisation make aluminium and state of the art, even purely plastic-based, laminates into indispensable packaging material with high acceptance among packagers, retail channels and consumers. AFP's flexible packaging solutions refine the premium products of our customers, and together with our service, make a decisive contribution to their market success.

AFP GrOUP 17

HuMAN

FOOD

FOOD

iNDuSTrY

CONTAiNErS / liDS / rOllS

• sterile • lacquered• imprinted

• different size and thickness

CONFEC T-

iONArY

FOOD

iNDuSTrY COMPOSiTE MATEriAlS

FOilS/FilMS

• multilayer• plastic films, Al foil,

paper in different combinations• delivered in rolls (foils),

pouches, bags,….

18 AFP GrOUP

Our Markets

Aluflexpack is concentrated on niche segments of the packaging industry defined by markets and products. The product range is expanded constantly regarding the depth of the assortment and technologies that are used to be able to offer customers an attractive complete package.

CONFEC TiONArY

The AFP Group is one of the leading suppliers of high quality flexi-ble packaging for the European confectionary industry.

We not only offer a wide range of highly sophisticated products to the industry but are also well known as a strong development partner.

We supply printed and refined aluminium films and a broad range of laminates intended for single or multipack packaging.

DAirY

Manufacturers of high-quality but easily spoiled food, such as milk, yoghurt and other dairy products for which longer and longer shelf lives are expected and that are filled on machines that are becoming faster and faster, profit from excellent products and many years of experience of the AFP Group.

We deliver in reels or cut lids, embossed or plain to the biggest and most demanding European dairy manufacturers.

HuMAN FOOD

The AFP Group offers a broad range and variety of sophisticated products and packaging solutions to suit constantly growing chal-lenges of the human food industry. We supply packaging for jams and pate, snack foods, crackers, snacks, peanuts, nuts, packaging for sausages and dried meat, coffee, tea, instant drinks, packaging for instant meals, soup concentrates, food additives and baby food and other wet and dry products sold at retail level.

Our products for the human food industry are delivered as lids, in reels, reel bags, containers and stand up pouches.

PET FOOD

AFP Group offers packaging solutions for wet and dry pet foods meeting all customer and animal requirements. We deliver cont-ainers and lids, finished stand up pouches or reels to our customers.

Actually, our expertise in manufacturing packaging for the pet food industry helps us keep and develop the high standard for human food products, as the pets extreme smell sense make them deman-ding customers.

CONFEC TiONArY DAirY HuMAN FOOD PET FOOD

20 AFP GrOUP

Responsibility

ENVirONMENTAl AWArENESS

The AFP Group was one of the first, and at that time it was by far the biggest Croatian company to receive a comprehensive environmen-tal permit in accordance with EU laws. We meet the strictest and newest EU standards related to environmental protection.

Solvent recovery systems are in operation in our production sites for years.

The AFP Group uses electric energy generated from renewable energy sources for all Croatian plants.

CErTiFiCATiONS

Our plants are ISO (9001, 14001), HACCP, BRC and DMF audi-ted and certified by recognised European certification centres.

riSk MANAgEMENT

Risk management is in place and covering not only our business and environmental risks including carbon or water impact but also com-prehensive business risks like reputational risk for our customers.

ACkNOWlEDgED bY CuSTOMErS

We are audited constantly by our customers based on a great variety of criteria like environment, social, employment or purchasing res-ponsibility. We pass all these audits easily, and this is also acknowled-ged and honoured by our customers.

CERTIFICATE

This is to certify that

ALUFLEXPACK NOVI d.o.o.

Ulica Dr. Franje Tudmana 25, 23000 Zadar, Croatia 1246578

has been evaluated by TÜV SÜD Management Service GmbH

- accredited by DAkkS -

and found to meet the requirements of

Global Standard for Packaging and Packaging Materials

Issue 4, February 2011

Scope: Manufacturing of Aluminium and Aluminium / PP laminated lids and foils and of plastic foils (PP, PVC, PET), flexo printing, slitting and punching for primary and secondary packaging

for the food, pet food and pharmaceutical industry Product Categories: High Hygiene Risk Category Metal

High Hygiene Risk Category Plastics Achieved Grade: A

Date(s) of audit: 2013-07-29 - 2013-07-30

Next audit to be performed before: 2014-07-29

Certificate Registration No.: 12 021 46246/01 TMS Report No.: 707014832 Auditor No.: 043067

Certificate validity: 2013-09-04 - 2014-09-09

If you would like to feedback comments on the BRC Global Standard or the audit process directly to BRC, please contact enquiries@brcglobalstandards.com

Product Compliance Management

Munich, 2013-09-05

This certificate is authorized by and remains the property of

rECuPEr ATOr, uMAg

The recuperator recovers reusable solvents and alcohol from

the emissions created in the printing process

22 VArTA GrUPPe

Montana Tech Components AG took over the Aluflexpack Group in 2012. The Aluflexpack Group is the first company of the Industrial Components division.

VArTA gruPPE

In der Division Montana Energy Storage produziert die VARTA Microbattery GmbH Mikrobatterien für die Elek-tronikindustrie und Medizin-technik. Die Konzerngesell-schaft VARTA Gruppe ist weltweiter Markt- und Techno-logieführer und verfolgt Wachs-tumsprojekte in den Bereichen Elektro mobilität und Energie-zwischenspeicherung.

uAC uND Alu MENZikEN

Ex TruSiON

Die Unternehmen der Division Montana Aerospace Compo-nents sind weltweit führende Hersteller von Aluminium- profilen und einbaufertigen Struk turen für die Luftfahrtin-dustrie und andere Industriebe-reiche.

iNDuSTriAl COMPONENTS

Nutzt die Industrieexpertise der Montana-Gruppe, um Industri-eunternehmen mit Potential weiterzuentwickeln und zu bündeln. Durch strategische Begleitung sowie Investitionen in innovative Produkte, Vertrieb und F&E werden diese Unter-nehmen in ihrem Wachstum gefördert und in ihren Marktpo-sitionen gestärkt.

AlPiNE ME TAl TECH

Alpine Metal Tech ist Weltmarkt - führer im Bereich Produktiden-tifikation und Spezialmaschinen für die metallurgische Industrie und Aluminiumradproduktion und tritt als Full-Liner für En-gineering, Fertigung, Vertrieb und Service weltweit auf.

AlPiNE ME TAl TECH

In the Montana Metal Tech divi-sion, Alpine Metal Tech is a wor-ld market leader in the field of product identification and spr-cial purpose machinery for the metallurgical industry and alu-minum wheel production. It is known worldwide as a fullliner for engineering, manufacturing, sales, and service.

uAC AND Alu MENZikEN

Ex TruSiON

The companies in the Montana Aerospace Components division are leading manufacturers of aluminum profiles and ready-to-install components for the aerospace and other industries worldwide.

iNDuSTriAl COMPONENTS

Utilizing the industrial expertise of the Montana Group, Indust-rial Components develops and pools the resources of industrial companies with potential. It pro-vides strategic support and inves-tments in innovative products, sales, and R&D to promote the-se companies’ growth and sup-port their market positions.

VArTA Ag

VARTA AG and its affiliates VARTA Microbattery, VARTA Storage and VW-VM Forsc-hungsgesellschaft mbH & Co. KG produce microbatteries for electronic industry and medical technology and pursue growth-oriented projects in the fields of e-mobility and energy storage systems.

Montana Tech Components

22 AFP GrOUP

Montana Tech Components GmbHMariahilfer Strasse 1/Getreidemarkt 17A-1060 Vienna, AustriaTel: +43 1 961 0692 / Fax: +43 1 961 0832office@montanatechcomponents.comwww.montanatechcomponents.com

Montana Tech Components AGAlte Aarauerstrasse 11CH-5734 Reinach, SwitzerlandTel: +41 62 765 2500 / Fax: + 41 62 765 2510office@montanatechcomponents.comwww.montanatechcomponents.com

AluFlExPACk grOuP – board offices AFP GROUP GmbHMariahilferstrasse 1 / Getreidemarkt 171060 ViennaAustriaT: +43 1 581 91 36, F: +43 1 581 9148 ALUFLEXPACK NOVI d.o.o.Ungarija 40 B52470 UmagCroatiaT: +385 52 703 348, F: +385 52 741 217E-mail: afp@afp.hrwww.afp.hr