Analysts

As well as general economic considerations and aspects specific to the company, analysts' recommendations and share price targets also play an important role in our investors' decisions

In addition, analysts' reports provide VERBIO with valuable feedback from industry experts on the company's strategy and development.

The following banks and research institutes regularly publish up-to-date analyses on VERBIO Vereinigte BioEnergie AG:

Institut	Recommendation	Target price	Date
Close Brothers Seydler Research AG, Frankfurt	Buy	5.40 EUR	22.03.2012
Montega AG, Hamburg	Hold	3.60 EUR	27.03.2012
Warburg Research GmbH, Hamburg	Buy	6.60 EUR	02.12.2011
EVA Dimensions	Hold	n.a.	01.03.2012

VERBIO Vereinigte BioEnergie AG cannot give any assurance that this list includes all analyst reports available on the market. Important note: This list is provided for information only and does not constitute a solicitation to buy, hold or sell securities