Lenders’ Presentation

1. Lenders’ Presentation June 28, 2006

2. Disclaimer The following information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Management’s current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions and other important factors, many of which are outside Management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. You are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied. All forward-looking statements are based on information available to Management on this date and Alliance Laundry assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

3. Agenda • Transaction Overview • Alliance Financial Update • LSG / CLD Overview • Amendment Request • Public Lenders’ Q&A • Pro Forma Financial Projections • Private Lenders’ Q&A Presenters Bruce Rounds, CFO Alliance Laundry Systems LLC Bruce Rounds, CFO Alliance Laundry Systems LLCTom L’Esperance, CEO Alliance Laundry Systems LLC Diane Albanese, Vice President Lehman BrothersBruce Rounds, CFO Alliance Laundry Systems LLC

4. Transaction Overview

5. Transaction Overview • Alliance Laundry Systems reached an agreement to purchase the Commercial Laundry Division (“CLD”) from Laundry Systems Group (“LSG”) on May 23, 2006 • Acquisition strategically enhances geographic scope, expands product offering and provides control of soft-mount technology • Total transaction value of $85 million includes capital lease obligations assumed • Alliance expects to finance the acquisition with a combination of debt and equity in order to maintain existing leverage levels • $60 million add-on to the existing Term Loan Facility, along with a $5 million increase to the Revolving Credit Facility to maintain adequate liquidity • Maturity and amortization schedules will remain the same as existing • $23 million in equity from Teachers’ and management (1)(2)(3) Sources and Uses 1 • The remaining $1.4 million of the total purchase price reflects the capital lease assumed. • Management includes both Alliance and CLD. • Teachers’ equity will initially be funded through $20.0 mm bridge facility held at a new limited liability Holding Company, parent to Alliance Laundry Holdings LLC; remaining equity will be provided by Alliance and CLD management. • Alliance will fund the full €59.0 mm purchase price, which includes the assumption of $1.4 mm capital lease, at close. • Through post-closing purchase price adjustments, the value of the capital lease will be returned to Alliance approximately • 60 days post-close.

6. Pro Forma Capitalization • The financing of the transaction has been structured to be leverage neutral Pro Forma Capitalization • Total availability under Revolver is increasing from $50 million to $55 million. • Reflects market value of equity of Alliance at January 27, 2005 and CLD in conjunction with acquisition. • Alliance LTM Adjusted EBITDA as of March 31, 2006; CLD LTM EBITDA as of December 31, 2005 and is subject to E&Y diligence adjustments. See the Company’s filings with the Securities and Exchange Commission for a reconciliation of Adjusted EBITDA to Net Loss. 2

7. Alliance Financial Update

8. Alliance Performance Summary Financial Performance Update • Net revenues for the year ended December 31, 2005 increased $36.3 million, or 12.9%, to $317.3 million from $281.0 million • Revenue growth was primarily driven by price and volume increases • Gross profit for the year ended December 31, 2005 decreased $6.0 million, or 7.2%, to $76.0 million from $82.0 million • Decrease in gross profit attributed to higher cost of sales from asset step-ups and higher-than expected steel prices • $25 million of debt reduction since Facility closing date • Leverage of 5.4x well below the maximum 6.50x Total Debt / EBITDA covenant as of March 31, 2006 (steps down to 6.25x at June 30, 2006) Income Statement 3

9. LSG / CLD Overview

10. Commercial Laundry Division of LSG • Managed out of Belgium, CLD is one of LSG’s two operating divisions, with approximately 400 employees • CLD has been a significant strategic partner of Alliance since 2002 • CLD focuses on two geographic regions: Europe (Ipso) & the U.S. (Cissell & Ipso) • Focused on the laundromat and on-premise laundry (“OPL”) segments • Offers a full range of commercial washer extractors, tumbler dryers and ironers • Strong position in washer extractor soft-mount technology • Strong market position in Europe • Products distributed worldwide through local distributors • Stand-alone 2005 revenue and EBITDA of approximately $98.1 million and $11.2 million(1), respectively CLD is a leading manufacturer and marketer of commercial washing and drying machines and finishing equipment • CLD financials subject to E&Y diligence adjustments. 4

11. CLD Unit Overview • Focuses on laundromat and OPL segments (European Operations) (U.S. Operations) • Focuses on laundromat, dry-cleaning and OPL segments • Cissell facilities: Louisville, KY and Portland, TN • Ipso sales center: Fort Mill, SC • Facilities: 2 in Belgium (Wevelgem and Deinze) • Employees: 153 • Employees: 240 • Production: 1,000 units per year (primarily large stand-alone tumbler dryers) • Production: 14,000 units per year (primarily washer-extractors, as well as ironers and tumbler dryers) • Primary Competitors: Alliance, Dexter, Milnor, Girbau • Primary Competitors: Electrolux, Girbau, Primus • Unaudited 2005 Financials(1): • Net Revenue: $30.1 million • Adj. EBITDA: $2.0 million • Unaudited 2005 Financials(1): • Net Revenue: €53.7 million • Adj. EBITDA: €7.2 million • CLD financials subject to E&Y diligence adjustments. 5

12. CLD Unit Sales By Geography The acquisition further diversifies Alliance’s geographical reach and customer base (European Operations) (U.S. Operations) (1) (1) 2005 Net Revenue: €53.7 million 2005 Net Revenue: $30.1 million 1. EMEA refers to Europe, the Middle East and Africa. 6

13. CLD Historical Financials (€ and $ in millions) European Operations (1) CLD (Total) (1) U.S. Operations (1) • Financial results unaudited and are subject to E&Y diligence adjustments. • Converted at an exchange rate of €1.24 / $1.00. • Converted at an exchange rate of €1.27 / $1.00. 7

14. Key Credit Strengths • Increased size and scale • Diversification with increased sales contribution from Europe • Increased product differentiation to support Alliance’s multi-brand strategies • Ownership of soft-mount technology broadens product lines and reduces risk • Branding unique products across markets creates opportunity Growth Opportunities Synergies and Cost Savings • Increased economies of scale provide potential opportunities for cost savings, such as corporate overhead • Substantial US manufacturing consolidation opportunity • Additional synergies expected from combined procurement Strong MarketPosition • Access to two strong brands with significant market share • Significant presence in Western Europe • Access to CLD’s European distribution network • Existing management expected to continue operating European business 8

15. Amendment Request

16. Summary of Terms • Reflects 3/31/06 pro forma balance. 9

17. Proposed Transaction Timeline Holiday Key Dates 10

18. Public Lenders’ Q&A