Recommendations

Analysts' recommendations

Institute	Analyst	Recommendation	Date
METZLER Equity Research	Stephan Bauer	Buy	05.01.2012
DZ Bank	Dirk Schlamp	Buy	27.12.2011
METZLER Equity Research	Stephan Bauer	Buy	13.12.2011
PLATOW Börse	-	Buy	14.11.2011
METZLER Equity Research	Stephan Bauer	Buy	14.11.2011
DZ Bank	Dirk Schlamp	Buy	14.11.2011
METZLER Equity Research	Stephan Bauer	Buy	04.11.2011
BHF Bank	Maxim Tilev	Overweight	28.09.2011
Actien-Börse	-	Buy	26.09.2011
DZ Bank	Dirk Schlamp	Buy	30.08.2011
METZLER Equity Research	Stephan Bauer	Buy	12.08.2011
DZ Bank	Dirk Schlamp	Buy	12.08.2011

The above list is not neccessarily complete.

Please note that opinions and estimates given by analysts or journalists do not in all cases comply with opinions and estimates of LPKF Laser & Electronics AG. The listing of analysts and their recommendations does not neccesarily mean that LPKF agrees to these recommendations and conclusions.