Ad hoc DBAG: 136,5 Mio. Euro Konzernüberschuss 2006/2007

Announcement consistent with § 15 WpHG (German Stock Corporation Act)
Deutsche Beteiligungs AG, WKN 550 810/ISIN DE0005508105

2006/2007 consolidated profit reaches 136.5 million euros; recommendation to double the dividend to 1.00 euro per share; extraordinary surplus dividend of 2.50 euros to be paid again; stock market conditions lead to negative valuation result for 1st quarter 2007/2008

The Supervisory Board of Deutsche Beteiligungs AG today approved the consolidated financial statements, adopted the annual financial statements of Deutsche Beteiligungs AG and voted to follow the Board of Management's dividend recommendation. At the Annual Meeting, the recommendation will be put to shareholders to double the dividend from 0.50 euros per share paid the previous year to 1.00 euros per share and additionally to again dis­burse an extraordinary surplus dividend of 2.50 euros per share on top, or a total of 3.50 euros per share. 

This recommendation on the appropriation of profits derives from the high consolidated profit posted for financial year 2006/2007 (1 November to 31 October) of 136.5 million euros and the Company's sizeable cash posi­tion of 155.8 million euros at 31 October 2007. In financial year 2006/2007, net asset value per share climbed from 19.07 euros to 25.09 euros per share. 

For the first quarter of the new financial year, the marked setback in stock price levels has had repercussions on the valuation of the portfolio compa­nies in the accounts of Deutsche Beteiligungs AG, despite their unchanged very satisfactory earnings development. As announced in the report on the 3rd quarter 2006/2007 (31 July), a drop in the price of shares in Homag Group AG of one euro negatively impacts the result for Deutsche Beteiligungs AG by approximately 2.6 million euros. The decline in the price of Homag shares since 31 October 2007 based on the closing quota­tion on 22 January 2008 corresponds to a negative value effect of 25.7 million euros   (equating to 1.90 euros per DBAG share). Apart from this, the Board of Management foresees no major other negative valuation changes based on current stock market conditions that would affect the con­solidated quarterly result at 31 January 2008. Accordingly, net asset value per share at present clearly exceeds current share price quotations. 
The Board of Management 

Frankfurt am <place w:st="on">Main , 23 January 2008</place>