24.05.2007

Quarterly result: Consolidated profit approximately 66 million euros

Announcement consistent with § 15 WpHG (German Securities Trading Act)
Deutsche Beteiligungs AG, WKN 550 810 / ISIN DE 0005508105

Net asset value increased to 22.23 euros per share

Deutsche Beteiligungs AG expects to post a profit of approximately 66 million euros for the second quarter of financial year 2006/2007, ended 30 April 2007. The consolidated profit for the first half year thus preliminary amounts to some 93 million euros. This follows today’s meeting of the Valuation Committee of Deutsche Beteili¬gungs AG, which values the Company’s investments. The difference between the current valuation at 30 April 2007 and the previous valuation at 31 January 2007 is taken to income and recognised in item "Net result of valuation and disposal of financial assets and loans and receivables" on the consolidated income statement. This item is a key determinant for the consolidated profit. For the first six months of 2005/2006, the consolidated profit had totalled 29.1 million euros; for the complete – exceptionally successful – 2005/2006 financial year, it amounted to 82.7 million euros.

At 31 January 2007, net asset value per share had totalled 20.87 euros. After accounting for the dividend of 3.00 euros per share paid on 29 March 2007 for financial year 2005/2006, the result for the second quarter of 4.36 euros per share will raise the net asset value to approximately 22.23 euros per share.

The sizeable consolidated profit recorded for the second quarter stems from a further improvement in order intake and earnings of the companies in the investment portfolio. They are benefiting from the very strong business trend in many industries, such as in mechanical engineering, and from strong market demand in sectors such as power generation. Also contributing towards the value appreciation was the change in stock market valuations in the second quarter: the ratios of earnings multiples that are constituents of our valuations improved significantly.

Deutsche Beteiligungs AG is currently preparing its interim report at 30 April 2007, which is scheduled to be issued on 14 June 2007.

The Board of Management

Frankfurt am Main, 24 May 2007