C.2 LA CUENCA DE OVIEDO.

4.1 Ruhr-Zink

With the approval of the Supervisory Board, the Executive Board of GEA Group Aktien- gesellschaft decided in the third quarter to divest Ruhr-Zink GmbH and its subsidiary MG Rohstoff handel GmbH. The long-held intention to sell was based on the change the Group structure has undergone. In recent years GEA Group has developed into a pure mechani- cal engineering group with a focus on equipment manufacturing and engineering. After speculation had driven the zinc price to record levels in 2006 and 2007, it has fallen sig- nifi cantly since mid-2007. Energy costs have also risen signifi cantly in recent years. The combination of these negative factors for Ruhr-Zink GmbH have made it necessary to fi nd a sustainable solution.

GEA Group conducted disposal negotiations with potential buyers for the Ruhr-Zink until mid-October. After the last promising investors withdrew from negotiations, and the economic survival of the company was no longer viable in the face of the economic climate, the Executive Board, with the approval of the Supervisory Board, decided to discontinue the business operations of Ruhr-Zink GmbH. Following the successful conclusion of nego- tiations with the works council regarding a social plan and settlement of interests, the Executive Board decided to close Ruhr-Zink GmbH as of December 31, 2008.

MG Rohstoff handel GmbH, which is operating profi tably, will be continued as a separate company. A buyer is being sought for this business.

Notes to the Consolidated Financial Statements

The table below provides a breakdown of the result after tax of the discontinued Ruhr-Zink operations:

The write-down on fi xed assets, the social plan and settlement of interest, as well as the other closure costs, including the risk provision for soil cleanup, are included in expenses. (K EUR) 1/1/2008 - 12/31/2008 1/1/2007 - 12/312007 Revenue 204,397 342,605 Other income 5,356 1,200 Expenses -289,972 -322,715

Net interest result -2,248 -2,181

Loss/income on discontinued operations before taxes -82,467 18,909

Taxes -2,006 -1,635

4.2 Plant Engineering

With the consent of the Supervisory Board, the Executive Board of GEA Group Aktien- gesellschaft decided in August 2006 to sell the Plant Engineering segment together with the divisions Zimmer, Lentjes and Lurgi. The Emission Control Division has remained with the GEA Group and is now allocated to the Energy and Farm Technology Segment. – The Zimmer Division was already dissolved in 2006. One part of the activities was sold

to Trützschler Group, Mönchengladbach/Germany, and the other part internally divested to Lurgi.

– The Lurgi Division was sold to Air Liquide Group, Paris/France. The sale was closed on July 20, 2007.

– The Lentjes Division was sold to a subsidiary of A-Tec Industries AG, Vienna/Austria. The agreement was executed on December 21, 2007.

The table below provides a breakdown of the net result of the discontinued operations:

The loss on disposal of K EUR -168,579, results almost exclusively from project-related indemnities for contracts and legacy orders from the Lentjes Division. These led to charges of K EUR 187,350. They result from further delays in completion of long term contracts, which have resulted in costs incurred by acceleration measures, additional costs relating to the extended construction site activities and contractual liquidated damages for delay. (K EUR) 1/1/2008 - 12/31/2008 1/1/2007 - 12/31/2007 Revenue - 714,087 Other income - 79,921 Expenses - -924,894

Net interest result - 32,455

Income/loss before taxes - -98,431

Taxes - -42,025

Income/loss after taxes - -140,456

Net gain/loss on disposal -168,579 167,614

Taxes -7,235 -3,460

Net loss/income on discontinued operations -175,814 23,698

Notes to the Consolidated Financial Statements

On the one hand, the reps and warranties relate to the customary assurances that the assets sold are free from defects in title or to exemptions from environmental and tax risks and, on the other, the execution of risks inherent in defi ned projects. The reps and warranties comprise not only minimum thresholds, but also staggered maximum limits. With the exception of the project-related exclusions, the payments to be made under reps and war- ranties capped.

The previous year’s current earnings also include income of K EUR 91,202 from the release of the provision formed to cover the risk of having to return the payment received for the construction of a carpet recycling plant. This income includes cancelled interest of K EUR 17,602. A tax expense of K EUR 35,478 is attributable to this income.

4.3 Operations discontinued in prior periods

Before 2007 GEA Group sold the business units Dynamit Nobel Group, the Dynamit Nobel Plastics Group, Solvadis and the boiler plant business. These were treated in the accounts as discontinued operations. In fi scal 2008 these operations generated total income before tax of K EUR 15,654 (previous year: K EUR in 11,952). This income mainly results from the release of provisions. A tax eff ect of K EUR -3,365 (previous year: K EUR -6,581) is attribut- able to this income.

4.4 Effects of disposals

GEA Group sold its 51 percent stake in Procme GmbH, Bad Kreuznach, in 2008. The table below shows the net assets of the company at the time it was sold:

The previous year’s fi gures refer to the companies of the Lentjes and Lurgi divisions, as well as Lesatec s.r.l., Opera/Italy.