| Adjusted EBITDA per metric ton and percentage changes are calculated on unrounded underlying figures. |
| Adjusted EBITDA is a key measure used by management to evaluate performance. |
| Given the impact of the planned real estate sale, Pinguin expects the pro forma EBITDA of the Lutosa group to amount to EUR 21.5 million in the 2007 financial year. |
| Mr Edmonds estimates that three or four times earnings before interest, taxes, depreciation and amortization, or EBITDA, is typical. |
| The newly acquired acrylic assets generated positive EBITDA already in the first months of their integration within the Group. |
| The EBITDA margin narrowed slightly as a result of the delay in passing on these raw materials price rises. |
