About Photobook Technology

1. Presentation February 2009 – v1.4

4. Lay Flat - Panarama

5. Lay Flat - Panarama

6. Photobook at a glance Overview Company Description Key products Applications Founded: 2008 Employees: 11 Locations: Mendrisio, Switzerland Leipzig, Germany Photobook technology provides solutions creating innovative machines from proven components tailoring them especially for the photobook industry Mitamax: section gluing machine suitable for offset and photographic paper creating lay-flat, book-blocks allowing for panorama pages Mitafold: automatic creasing and folding machine with special squeeze rollers to produce sections with soft-fold Other equipment to complete the photobook finishing cycle is in development stage Photobooks Yearbooks Promotional brochures Cardboard children books Photographic cards Calendars

7. Organization Chart Shareholder Kurt Richter Director Paolo Orsatti G&A BR JH RH JP US Engineering & Service (Leipzig) KR GC RB S&M DS MB Operation Mitani (Japan) Petratto (Italy)

8. Market responsibilities Kurt Richter North & East Europe, USA, Canada, Asia Pacific Giulio Corbetta UK, Benelux, France, Southern Europe, Central & South America, Middle East, Africa Ric Bloch USA, Canada,

9. Mitamax Technical Specifications Features Applications (Digital & Photo paper) Machine speed: max 4’200/h Signature size (Std): min 150x150mm max 380x330mm Power requirements: 2kW Machine dimensions: 110x100xH150cm Machine weight: 680kg Perfectly square book blocks Quick make ready Easy to operate Little floor space High output Photobooks, Yearbooks Promotional brochures Cardboard children books Photographic cards Calendars

10. Mitamax Feed collated sections Transport of sections Glue Press Delivery

11. Mitafold Technical Specifications Applications (Digital & Photo paper) Machine speed: max 10’000/h Signature size (Std): min 150x200mm max 450x900mm Paper weight: min 60 max 500gr/m 2 (creasing) min 120 max 450gr/m 2 (folding) Paper thickness: min 0.1 max 0.8mm (creasing) min 0.16 max 0.65mm (folding) Power requirements: 5kW Machine dimensions: 250x85xH135cm Machine weight: 450kg Photobooks Promotional brochures Cardboard children books Features Rule and matrix method for creasing Soft fold pocket Proper pressing

12. Mitafold Feed & Crease Fold & Press

14. Contacts Sales Kurt Richter Photobook Technology PBT sagl Via Angelo Maspoli 21 CH-6850 Mendrisio - Switzerland Telephone +4191 646 7930 Fax +4191 993 2250 Mobile +4179 663 5326 kurt.richter@pbtec.ch Service Ric Bloch 25271 Via Valentina Valencia CA 91355 United States Telephone +1 661 312 6109 Fax +1 661 310 0460 [email_address] Short Run Engineering GmbH Christian-Grunert-Strasse 2 D-04288 Leipzig Germany Telephone +49(0) 34297 919708 Fax +49(0) 34297 919715 info@sr-engineering.de Main Office Photobook Technology PBT sagl Via Angelo Maspoli 21 CH-6850 Mendrisio - Switzerland Telephone +4191 646 7930 Fax +4191 993 2250 [email_address] www.pbtec.ch