Agfa-Gevaert reports third quarter results - Regulated information

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(1)Agfa-Gevaert reports third quarter results Regulated information • •. •. •. • •. • • •. Decrease in Group sales of 8.1 percent Recurring EBIT amounted to 43 million Euro significant improvement versus the third quarter of 2008 (27 million Euro) and the second quarter of 2009 (38 million Euro) Operating result nearly doubled versus the third quarter of 2008 Continued decrease of SG&A costs - ahead of previously announced plans Positive net result of 4 million Euro Further strong net financial debt reduction to 500 million Euro – Improvement of 350 million Euro over 2-year period Press release Mortsel - Belgium October 30, 2009 07:45. Agfa-Gevaert Group - third quarter Euro millions Q3 2008Q3 2009% change Net Sales 741 681 -8.1% Gross Profit (*) 223 220 -1.3% % of sales 30.1% 32.3% Recurring EBITDA (*) 54 68 +25.3% % of sales 7.3% 10.0% Recurring EBIT (*) 27 43 +59.3% % of sales 3.6% 6.3% Operating result 19 36 +89.5% Net result (13) 4 +130.8% Net operating cash flow24 55 +129.2 (*) before restructuring and non-recurring items.. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. Agfa-Gevaert today announced its third quarter results..

(2) Compared to the third quarter of 2008, Group sales decreased 8.1 percent to 681 million Euro, which indicates that the crisis-driven decline in Agfa-Gevaert's markets is bottoming-out. The Group's recurring gross profit margin improved from 30.1 percent in the third quarter of 2008 to 32.3 percent. It was positively influenced by efficiency programs, lower raw material prices and certain one-off effects and negatively impacted by manufacturing inefficiencies due to lower use of capacity. Continuing its strict cost management, Agfa-Gevaert further reduced its Selling and General Administration expenses. The average monthly SG&A expense was brought down from 51 million Euro in the third quarter of 2008, to 44 million Euro in the third quarter of 2009, which is a cost decrease by 13.7 percent. The SG&A expenses represented 19.4 percent of sales, versus 20.8 percent in the third quarter of 2008. The Group's recurring EBITDA (the sum of Graphics, HealthCare, Specialty Products and the unallocated portion) increased from 54 million Euro in the third quarter of 2008 to 68 million Euro. Recurring EBIT increased strongly from 27 million Euro to 43 million Euro. The restructuring and non-recurring items resulted in an expense of 7 million Euro, versus 8 million Euro in the third quarter of 2008. As in the first half of 2009, the non-operating result was affected by pension provisions (mainly concerning inactives), to cover for increased pension deficits in theUSAand theUK. The non-operating result amounted to minus 23 million Euro. Taxes amounted to 8 million Euro, the same as in the third quarter of 2008. The net result amounted to 4 million Euro, compared to minus 13 million Euro in the third quarter of 2008.. • •. •. •. At the end of September 2009, total assets were 2,931 million Euro, compared to 3,160 million Euro at the end of 2008. Inventories were 514 million Euro (or 97 days). Trade receivables (including deferred revenue and advanced payments) amounted to 532 million Euro, or 70 days and trade payables were 190 million Euro, or 36 days. Notwithstanding the limited impact of the securitization program, net financial debt improved to 500 million Euro at the end of September 2009, compared to 569 million Euro at the end of June 2009. Net financial debt improved by 350 million Euro over the past 2 years. Net operating cash flow amounted to 55 million Euro.. Agfa Graphics - third quarter Euro millions Q3 2008Q3 2009% change Net Sales 377 344 -8.8% Recurring EBITDA (*)28.7 30.1 +4.9% % of sales 7.6% 8.8% Recurring EBIT (*) 15.7 19.1 +21.7%. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. Balance sheet and cash flow.

(3) % of sales 4.2% 5.6% (*) before restructuring and non-recurring items. Agfa Graphics' sales decreased 8.8 percent versus last year's third quarter. Both the market environment and the activity levels were in line with the second quarter, but sales were positively influenced by certain one-off effects. Profitability was positively impacted by efficiency programs, by lower raw material prices and by the above mentioned one-off effects. Negative effects came from the underutilization of the manufacturing capacity, bad debt provisions and competitive pressure. Compared to the third quarter of 2008, Agfa Graphics further reduced its Sales and General Administration expense with 9 million Euro. The recurringEBITDA margin amounted to 8.8 percent of sales. The recurring EBIT margin increased to 5.6 percent of sales. In prepress, Agfa Graphics received its first order for :N92v printing plates from the Chinese Guangzhou Daily, one of the world's top 100 daily newspapers. Furthermore, Agfa Graphics supplied an :Avalon N8 platesetter to Sungwon Adpia, the largest consumer of Computer-toPlate printing plates in the Korean Printing industry. InNorway, Agfa Graphics signed an important contract with Hjemmet Mortensen Trykkeri AS, the largest printer in the country. The deal includes the installation of two :Avalon N16 platesetters, a service contract as well as a three-year contract for :Energy Elite printing plates. Agfa Graphics also signed an exclusive 5-year printing plate contract with Roularta Media Group, a majorBelgian-French publishing and printing firm. Also in prepress, Agfa Graphics announced the signing of an agreement with Kemtek Imaging Systems Ltd. for the distribution, service and support of Agfa Graphics' product range for commercial printers inSouthern Africa.. Furthermore, Agfa Graphics introduced new features for its :Dotrix Modular inkjet press. The new Express Print Mode increases the press' productivity by 35 percent. The second feature expands the :Dotrix Modular's color gamut. In theUSA, Digital Packaging Solutions recently installed Agfa Graphics' :Dotrix Modular press. The system enables the company to deliver on-demand services for the packaging industry. The world's first :M-Press Tiger was successfully installed at the SMP Group inLondon. The :M-Press Tiger is the second generation of the :M-Press industrial flatbed press. In recent months, various orders were booked for Agfa Graphics' high-end inkjet press.. Agfa HealthCare - third quarter Euro millions Q3 2008Q3 2009% change Net Sales 291 275 -5.5% Recurring EBITDA (*)20.7 35.4 +71.0%. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. In industrial inkjet, Agfa Graphics' next generation range of :Anapurna large-format printers continued the success of the last quarters. With contracts signed all over the world, Agfa Graphics was able to expand its market position in the large-format segment..

(4) % of sales 7.1% 12.9% Recurring EBIT (*) 6.7 22.7 +238.8% % of sales 2.3% 8.3% (*) before restructuring and non-recurring items. In line with the previous quarter, Agfa HealthCare's sales decreased by 5.5 percent to 275 million Euro. The market environment and the activity levels were in line with the previous quarter. The business group's profitability showed considerable improvement. In the Imaging segment, this was mainly due to lower raw material prices and increased operational efficiency. In the IT segment the main reasons were the growth of the business, its improved SG&A cost position and its improved service efficiency. Agfa HealthCare's recurring EBITDA amounted to 35.4million Euro (or 12.9percent of sales). Recurring EBIT improved strongly to 22.7 million Euro, or 8.3 percent of sales. In the field of Imaging, Agfa HealthCare successfully completed the first installation of its DX-D 500 Direct Radiography system (DR) at the Dortmund Knappschaftskrankenhaus (Germany). The DX-D 500 is a complete DR solution, suited for a very comprehensive range of X-ray examinations. A series of new contracts in - amongst other countries France,GermanyandSpainhave been signed in the third quarter. In Imaging Informatics, the U.S. Air Force selected Agfa HealthCare'sIMPAXDataCenterto manage and share clinical information and images across all of the USAF's medical facilities in theUnited States. Over the years, Agfa HealthCare has built a strong presence in theU.S.military and Veterans Affairs hospitals and medical treatment facilities. InCanada, the Centre Hospitalier Universitaire de Québec (CHUQ) has successfully implemented Agfa HealthCare's IMPAX 6 Picture Archiving and Communication System. As an integral part of the Quebec Government's eHealth initiative, IMPAX 6 has helped CHUQ move to digital radiology.. In Enterprise IT, the interfaces between Agfa HealthCare's leading Hospital and Clinical Information System ORBIS and SAP Controlling, SAP Material Management and SAP Financial have been officially certified by SAP. The interfaces are used to bidirectionally transfer data from ORBIS to SAP. In recent months, Agfa HealthCare was able to strengthen its presence in the Enterprise IT markets inGermany(e.g. SLK Kliniken Heilbronn GmbH), France (e.g. Centre Hospitalier Du Mans and Centre Hospitalier Intercommunal Créteil) andLuxembourg(e.g. Centre Hospitalier de Luxembourg and Centre Hospitalier Emile Mayrisch).. Agfa Specialty Products - third quarter Euro millions Q3 2008Q3 2009% change Net Sales 73 62 -15.1% Recurring EBITDA (*)6.0 4.8 -20.0% % of sales 8.2% 7.7%. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. As part of the United Arab Emirates Ministery of Health's national health information system program, Agfa HealthCare will install its IMPAX 6 solution as well as a number of Computed Radiography solutions at 34 healthcare facilities..

(5) Recurring EBIT (*) 5.0 3.7 -26.0% % of sales 6.8% 6.0% (*) before restructuring and non-recurring items. Agfa Specialty Products' sales decreased 15.1 percent compared to the third quarter of 2008. The activity levels were in line with the second quarter, but sales were positively impacted by an important delivery as part of the Moroccan ID cards contract. Agfa Specialty Products' profitability continued to be negatively impacted by the further market-driven decline of Classic Film products sales and by the investments in New Business. The recurring EBITDA margin amounted to 7.7 percent of sales and the recurring EBIT margin to 6.0 percent of sales.. Results after nine months Agfa-Gevaert Group - year to date Euro millions 9m 20089m 2009% change Net Sales 2,271 2,020 -11.1% Gross Profit (*) 732 642 -12.3% % of sales 32.2% 31.8% Recurring EBITDA (*) 191 187 -2.1% % of sales 8.4% 9.3% Recurring EBIT (*) 104 109 +4.8% % of sales 4.6% 5.4% Operating result 80 99 +23.8% Net result (14) Net operating cash flow9 187 (*) before restructuring and non-recurring items.. Euro millions 9m 20089m 2009% change Net Sales 1,140 985 -13.6% Recurring EBITDA (*)86.0 67.5 -21.5% % of sales 7.5% 6.9% Recurring EBIT (*) 46.7 32.5 -30.4% % of sales 4.1% 3.3% (*) before restructuring and non-recurring items.. Agfa HealthCare - year to date Euro millions 9m 20089m 2009% change Net Sales 898 861 -4.1% Recurring EBITDA (*)86.9 116.6 +34.2% % of sales 9.7% 13.5% Recurring EBIT (*) 42.6 76.7 +80.0% % of sales 4.7% 8.9% (*) before restructuring and non-recurring items.. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. Agfa Graphics - year to date.

(6) Agfa Specialty Products - year to date Euro millions 9m 20089m 2009% change Net Sales 233 174 -25.3% Recurring EBITDA (*)20.0 12.9 -35.5% % of sales 8.6% 7.4% Recurring EBIT (*) 16.3 9.7 -40.5% % of sales 7.0% 5.6% (*) before restructuring and non-recurring items.. Outlook For the rest of the year, the Agfa-Gevaert Group does not expect major changes in the market environment. (end of message). Management Certification of Financial Statements and Quarterly Report This statement is made in order to comply with new European transparency regulation enforced by the Belgian Royal Decree of14 November 2007and in effect as of 2008. "The Board of Directors and the Executive Committee of Agfa-Gevaert NV, represented by Mr. Julien De Wilde, Chairman of the Board of Directors, Mr. Jo Cornu, President and CEO, and Mr. Kris Hoornaert, CFO, jointly certify that, to the best of their knowledge, the interim consolidated financial statements included in the interim report and based on the relevant accounting standards, fairly present in all material respects the financial condition and results of Agfa-Gevaert NV, including its consolidated subsidiaries. Based on our knowledge, the interim report includes all information that is required to be included in such document and does not omit to state all necessary material facts.". This statement is made in order to comply with new European transparency regulation enforced by the Belgian Royal Decree of14 November 2007and in effect as of 2008. "As with any company, Agfa is continually confronted with - but not exclusively - a number of market and competition risks or more specific risks related to the cost of raw materials, product liability, environmental matters, proprietary technology or litigation. Agfa believes that the most noteworthy risks facing the company for the coming quarters would be the effects of the continued economic crisis on its key markets." Key risk management data is provided in the annual report (p.30) available on www.agfa.com. Click. (75 KB) for Agfa's consolidated statements.. Kris Hoornaert Chief Financial Officer Septestraat 27. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. Statement of risk.

(7) 2640 Mortsel - Belgium tel:++ 32 (3) 444 7223. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. Johan Jacobs Corporate Press Relations Manager Septestraat 27 2640 Mortsel - Belgium tel:+32 (0) 3 444 8015 fax:+32 (0) 3 444 5005 .jacobs@agfa.com.

(8) The interim consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS). The same accounting policies and methods of computation are followed in the interim consolidated financial statements as compared with the 2008 annual financial statements, except for the presentation of expenses with regard to the Group’s defined benefit plans.. Consolidated Statements of Income (in million Euro) Non-audited, consolidated figures following IFRS/IAS valuation rules 9m 2008 2,271 {2}. (1,538). Net sales Cost of goods sold. 9m 2009. Q3 2008. 2,020. % change -11.1%. Q3 2009. 741. 681. % change -8.1%. (1,378). -10.4%. (518). (461). -11.0%. Gross profit. {2}. 733. 642. -12.4%. 223. 220. -1.3%. Selling expenses. {2}. (332). (278). -16.3%. (104). (89). -14.4%. Research & Development expenses. {2}. (136). (114). -16.2%. (41). (36). -12.2%. General administration expenses. {2}. (170). (146). -14.1%. (53). (45). -15.1%. 283. 251. -11.3%. 81. 56. -30.9%. Other operating income Other operating expenses. {2}. (298). (256). -14.1%. (87). (70). -19.5%. Operating result. {2}. 80. 99. +23.8%. 19. 36. +89.5%. Interest income (expense) - net Other non-operating income (expense) - net Non-operating result Profit before tax. {1}. (28). (14). -50.0%. (11). (3). -72.7%. {1} {2}. (36). (66). +83.3%. (13). (20). +53.8%. {2}. (64). (80). +25.0%. (24). (23). -4.2%. 19. +18.8%. (5). 13. +360%. (32) +113.3%. (8). (8). 16. Income taxes. (15). Net income of consolidated companies. 1. (13). (13). of which attributable to minority interest. 1. 1. -. of which attributable to Agfa-Gevaert NV stockholders (net result). -. (14). (13). 80. 99. +23.8%. 19. 36. Restructuring and non-recurring items. (24). (10). -58.3%. (8). (7). -12.5%. Recurring EBIT. 104. 109. +4.8%. 27. 43. +59.3%. Operating result. 5 +138.5% 1 4 +130.8%. Outstanding shares per end of period. 124,788,430 124,788,430. 124,788,430 124,788,430. Weighted number of shares used for calculation Earnings per share (€). 124,788,430 124,788,430. 124,788,430 124,788,430. -. (0.11). (0.10). +89.5%. 0.03. {1} In the course of the fourth quarter of 2008, the definition of ‘Interest income (expense)’ in the consolidated statements of income has been narrowed and comprises only interests paid/received on the items of the net financial debt position. Interests received/paid on other assets and liabilities have been reclassified to ‘Other non-operating income (expense)’ in the consolidated statements of income. Comparative information for the first nine months of 2008 has been restated. For the first nine months of 2008, net interest expense that has been reclassified to ‘Other non-operating income (expense)’ amounts to 3 million Euro. {2} During the first nine months of 2009, the Group has consistently applied its accounting policies used in the previous year, except for the presentation of expenses with regard to the Group’s defined benefit plans. The interest cost and the expected return on assets as well as the relative portion of the amortization of unrecognized losses (gains) that could not be attributed to active employees have been reclassified to ‘Other non-operating income (expense)’. This amendment is in line with the applicable accounting rules. For the first nine months of 2009, expenses amounting to 27 million Euro have been reclassified from the operating to the non-operating result. Comparative information for the year 2008 has been restated. For the first nine months of 2008, an income amounting to 2 million Euro has been reclassified from the operating to the non-operating result. The Group believes that this revised presentation provides information that is more relevant to users of the financial statements.. Agfa-Gevaert announces third quarter results. 1/14. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. Notes.

(9) Consolidated Statements of Comprehensive Income (in million Euro) for the period ending September 2008 / September 2009 September 30, 2008 September 30, 2009 Net result of consolidated companies. 1. (13). (7) (1). 8 0. 11. 4. (1). (12). 3. (2). -. (1). Other Comprehensive Income. 5. (3). Total Comprehensive Income for the period. 6. (16). 5 1. (17) 1. Other Comprehensive Income for the period recognized directly in equity- net of tax Exchange differences on translating foreign operations Revaluation of available-for-sale financial assets Cash Flow Hedges: Gains (losses) arising during the year recognized in equity Reclassification adjustment for gains included in profit and loss Roll-over of commodity contracts: Gains (losses) arising during the year recognized in equity Reclassification adjustment for gains included in profit and loss. Of which attributable to Equity holders of the Group Non-controlling interests. Consolidated Statements of Comprehensive Income (in million Euro) for the quarter ending September 2008 / September 2009. Net result of consolidated companies for the quarter. Q3 2009. (13). 5. 44 0. (3) 0. 12. 1. (1). (1). 3. 0. Other Comprehensive Income for the period recognized directly in equity- net of tax Exchange differences on translating foreign operations Revaluation of available-for-sale financial assets Cash Flow Hedges: Gains (losses) arising during the year recognized in equity Reclassification adjustment for gains included in profit and loss Roll-over of commodity contracts: Gains (losses) arising during the year recognized in equity Reclassification adjustment for gains included in profit and loss Other Comprehensive Income. -. -. 58. (3). Total Comprehensive Income for the quarter. 45. 2. 45 -. 1 1. Of which attributable to Equity holders of the Group Non-controlling interests Agfa-Gevaert announces third quarter results. 2/14. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. Q3 2008.

(10) Consolidated Balance Sheets (in million Euro) Non-audited, consolidated figures following IFRS/IAS valuation rules 31/12/2008. 30/09/2009. 1,029 647 369 13 1,849 575 750 329 150 19 26 282 3,160. 979 638 328 13 1,691 514 675 326 143 26 7 261 2,931. 704 140 109 981 (273) (167) (90) 4 1,493 601 18 809 64 1 900 14 226 112 205 71 255 5 12 63 3,160. 687 140 109 814 (284) (14) (82) 4 1,280 568 14 632 56 10 900 11 190 143 198 91 261 3 3 64 2,931. ASSETS Non-current assets Intangible assets Property, plant and equipment Investments Non-current assets classified as held for sale Current assets Inventories Trade receivables Other receivables and other assets Cash and cash equivalents Deferred charges Derivative financial instruments Deferred taxes Total assets. Shareholder's equity Capital stock of Agfa-Gevaert N.V. Share premium of Agfa-Gevaert N.V. Retained earnings Reserves Net income Translation differences Minority interest Non-current liabilities Liabilities for post-employment benefits Liabilities for personnel commitments Financial obligations > 1 year Provisions > 1 year Deferred income Current liabilities Financial obligations < 1 year Trade payables Deferred revenue and advance payments Miscellaneous liabilities Liabilities for personnel commitments Provisions < 1 year Deferred income Derivative financial instruments Deferred taxes Total Equity and Liabilities. Agfa-Gevaert announces third quarter results. 3/14. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. EQUITY AND LIABILITIES.

(11) Consolidated Cash Flow Statements (in million Euro) 9m 2008. 9m 2009. Q3 2008. Q3 2009. Operating result. 80*. 99. 19*. 36. Current tax income (expense). (15). (12). (8). (4). 87. 78. 27. 25. Depreciation / Amortization and impairment losses Changes in fair value of derivative financial instruments Change in long-term provisions (Gains) / losses on retirement of non-current assets Gross cash provided by operating activities Decrease (increase) in inventories Decrease (increase) in trade receivables Increase (decrease) in trade payables Increase (decrease) in deferred revenue and advance payments. 2. 2. 1. (1). (69)*. (89). (33)*. (19). (23). (2). (1). (3). 62. 76. 6. 34. (61). 58. (11). 24. 68. 74. 66. (21). (20). (35). (6). 5. 14. 21. (8). (3). Change in short-term provisions. (9). 17. 7. 25. Change in other working capital. (45). (24). (30). (9). 9. 187. 24. 55. Net cash provided by / (used in) operating activities Cash outflows for additions to intangible assets Cash outflows for additions to property, plant and equipment Cash inflows from disposals of intangible assets. (9). (6). (3). (1). (36). (21). (11). (6). 1. 2. -. 1. Cash inflows from disposals of property, plant and equipment. 32. 7. 5. 5. Cash inflows from equity and debt instruments. 40. 33. 13. 15. Interests and dividends received. 4*. 2. 1*. 1. Net cash provided by (used in) investing activities. 32*. 17. 5*. 15. Prefinancing by (of) AgfaPhoto in respect of previous CI divestiture. (4). -. (1). -. Net issuances of debt. (10). (176). 18. (44). (32)*. (20). (6)*. (1). (1)*. (17). -*. (1). (47)*. (213). 11*. (46). Change in cash and cash equivalents due to business activities. (6). (9). 40. 24. Change in cash and cash equivalents due to changes in exchange rate movements Total change in cash. (4). 3. 2. (1). (10). (6). 42. 23. Interest paid Other financial flows Net cash provided by / (used in) financing activities. (*) As reported 2008, restated. In the course of the fourth quarter of 2008, the definition of ‘Interest income (expense)’ in the consolidated statements of income has been narrowed and comprises only interests paid/received on the items of the net financial debt position. Interests paid/received on other liabilities and assets have been reclassified to ‘Other non-operating Income (expense)’ in the consolidated statements of income and consequently to ‘Other financial flows’ in the consolidated statements of cash flow. During the first quarter of 2009, the Group has changed the presentation of expenses with regard to the Group’s defined benefit plans. The interest cost and the expected return on assets as well as the relative portion of the amortization of unrecognized losses (gains) that could not be attributed to active employees have been reclassified to ‘Other non-operating income (expense)’. Comparative information for the year 2008 has been restated. The lines operating result and change in long-term provisions in the consolidated statements of cash flow have been impacted by this change.. Agfa-Gevaert announces third quarter results. 4/14. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. Non-audited, consolidated figures following IFRS/IAS valuation rules.

(12) Consolidated Statements of Shareholders' Equity (in million Euro) Non-audited, consolidated figures following IFRS/IAS valuation rules. Allocation to retained earnings. (167). (167). Total equity. 12. Minority interest. Share-based payment reserve. (296). Translation differences. Reserve for own shares. 981. Hedging reserve. Retained Earnings. 109. Revaluation reserve. Share premium of Agfa – Gevaert NV. 140. Net result. Capital stock of Agfa – Gevaert NV December 31, 2008. Accumulated other comprehensive income. (1). 12. (90). 4. 704. 167. 0. Changes in shareholders’ equity resulting from capital contributions and dividend payments Other changes in shareholders’ equity recognized in total Comprehensive Income September 30, 2009. 140. 109. 814. (296). 12. (14). 0. (11). 8. (14). (1). 1. (82). (17). 4. 687. 42. (2). 0. (54). 3. 891. (42). 0. Changes in shareholders’ equity resulting from capital contributions and dividend payments Changes in shareholders’ equity recognized in total Comprehensive Income September 30, 2008. 140. 109. 981. Agfa-Gevaert announces third quarter results. (296). 1. 0. (1). 13. (7). 1. 7. 11. 0. (3). 13. (61). 4. 898. 5/14. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. Allocation to retained earnings. 42. Total equity. 10. Minority interest. (296). Translation differences. Share-based payment reserve. 939. Hedging reserve. Reserve for own shares. 109. Revaluation reserve. Retained Earnings. 140. Net result. Share premium of Agfa – Gevaert NV. December 31, 2007. Capital stock of Agfa – Gevaert NV. Accumulated other comprehensive income.

(13) Total equity. 12. Minority interest. (296). Translation differences. Share-based payment reserve. 814. Hedging reserve. Reserve for own shares. 109. Revaluation reserve. Retained Earnings. 140. (18). (1). 1. (79). 4. 686. 4. 0. (14). (1). Net result. Share premium of Agfa – Gevaert NV. June 30, 2009. Capital stock of Agfa – Gevaert NV. Accumulated other comprehensive income. Changes in shareholders’ equity resulting from capital contributions and dividend payments Other changes in shareholders’ equity recognized in total Comprehensive Income September 30, 2009. 140. 109. 814. (296). 12. (3). 1. (82). 1. 4. 687. (3). (1). (105). 4. 853. 14. 44. 13. (61). Changes in shareholders’ equity resulting from capital contributions and dividend payments Changes in shareholders’ equity recognized in total Comprehensive Income September 30, 2008. (13). 140. 109. 981. Agfa-Gevaert announces third quarter results. (296). 11. 0. (3). 45. 4. 898. 6/14. WorldReginfo - ca8c9a38-45ff-4b83-a7ab-c69a3a8ff2f7. 13. Total equity. 11. Minority interest. (296). Translation differences. Share-based payment reserve. 981. Hedging reserve. Reserve for own shares. 109. Revaluation reserve. Retained Earnings. 140. Net result. Share premium of Agfa – Gevaert NV. June 30, 2008. Capital stock of Agfa – Gevaert NV. Accumulated other comprehensive income.

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