Biodiesel business profitable, EBIT margin 5.9% – Ethanol well below expectations – Outlook confirmed

Zörbig/Leipzig, November 14, 2007 – In the first nine months of 2007 VERBIO Vereinigte BioEnergie AG (VERBIO) achieved Group revenues of 307.1 million EUR. The operating result of the Group before special items was 6.8 million EUR corresponding to an EBIT margin of 2.2 %. The operating result after special items amounts to 1.5 million EUR (EBIT margin: 0.5%). As earnings before tax 0.4 million EUR were reported, and net profit -0.6 million EUR. Earnings per share are -0.01 EUR.

In the first nine months of the current financial year our production plants were operating at 76.2% based on our proportionate annual production capacity. 261,403 tonnes of biodiesel und 110,302 tonnes (equivalent to 139,729 m3) of bioethanol were produced.

Utilisation of Biodiesel over 90%
Increased demand and high mineral oil prices have led to revenues in the biodiesel segment of 209.3 million EUR. Despite continuing high raw material prices a segment result before special items of 12.3 million EUR or an EBIT margin of 5.9% could be achieved. Especially the 3rd quarter of 2007 developed satisfactorily. Revenues were well above previous quarters and the EBIT margin before special items was 8%. The utilisation of our plants was 91.7% (based on our proportionate annual production capacity).

Bioethanol: Alternatives to grain successfully tested
In the first nine months 2007 the bioethanol segment derived revenues of 79.6 million EUR and a segment result before special items of -8,6 million EUR. The utilisation of our plants in he first nine months was 54,5% on average (based on our proportionate annual production capacity). Despite successful tests in the production plants with alternative raw materials (multi-feedstock-capability) the current general conditions a not allowing an economic production.

Outlook
It is still not clear when and in which form the decisive new regulations for our industry will come into force. As a consequence, we have to state that the biodiesel business continues to suffer from the government’s current fiscal policy as well as from overcapacity on the German market – despite the high mineral oil price. In addition, there are no signs that rapeseed oil prices are due to fall. The general price level and demand for bioethanol remain weak; it is also questionable whether the rise to 2,0% in the blending quota planned for 2008 will generate stronger domestic demand. Cheap imports from Brazil and high feedstock prices don’t allow a profitable domestic production.

The Management Board will furthermore take measures to strengthen the competitive position to benefit from an improvement of the economic situation of the biofuel industry in 2008.

The interim report as of September 30, 2008 is available under www.verbio.de.

For more information:
VERBIO Vereinigte BioEnergie AG
Alexandra Muehr
Humboldtstraße 18
04105 Leipzig - Germany
Phone: +49 (0) 341 30 85 30 85
Fax:      +49 (0) 341 30 85 30 99
E-Mail: ir@verbio.de
www.verbio.de

Information on VERBIO Vereinigte BioEnergie AG
The VERBIO Group is one of the leading producers and suppliers of biofuels and also the only industrial-scale producer of biodiesel and bioethanol in Europe. Nominal capacity currently amounts to around 400,000 tons of biodiesel and 300,000 tons of bioethanol per year. The company has developed its own processes and innovative technologies for the production of biodiesel and bioethanol. It supplies its products directly to European mineral oil corporations, mineral oil traders, independent fuel stations and haulage companies. VERBIO AG also markets high-quality pharmaglycerin for the consumer goods and cosmetic industries (glycerin is a by-product of biodiesel production). Within the Group, VERBIO AG acts as the management holding company. The Group’s operating business is run by its subsidiaries: MUW Mitteldeutsche Umesterungswerke, NUW Nordbrandenburger Umesterungswerke, MBE Mitteldeutsche BioEnergie, NBE Nordbrandenburger BioEnergie and SBE Swiss BioEnergy.

Important Note
This Press Release contains forward-looking statements, which are based on assumptions and estimates of the company management of VERBIO Vereinigte BioEnergie AG. Even though the company management believes that these assumptions and estimates are correct, the actual future development and actual future results can deviate substantially from these assumptions and estimates due to many factors. For example, these factors can include alteration of the economic situation, legal and regulatory constraints in Germany and the EU, and changes in the industry. VERBIO assumes no liability and provides no warranty that future developments and actual future results will agree with the assumptions and estimates expressed in this Press Release.