27.02.2007

Quarterly result: Consolidated profit approximately 27 million euros

Net asset value increased by 1.78 euros per share


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

Deutsche Beteiligungs AG expects to post a consolidated profit of some 27 million euros for the first quarter of the 2006/2007 financial year, ended 31 January 2007. This was announced following today's meeting of the Valuation Committee, which values the Company's investments. The difference between the current valuation at 31 January 2007 and the previous valuation at 31 October 2006 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. In the first quarter of 2005/2006, the consolidated profit had totalled 8.2 million euros; for the complete – exceptionally successful – 2005/2006 financial year, it amounted to 80.2 million euros.

The quarterly result is expected to lead to an increase in net asset value per share of approximately 1.78 euros to 20.85 euros per share. At 31 October 2006, net asset value per share had totalled 19.07 euros.

Due to the particularities of the business of Deutsche Beteiligungs AG, the results of individual quarters may not be projected for the complete financial year. This current good quarterly result stems from profitable sales of investments from the portfolio of US-based buyout fund Harvest Partners IV as well as the elimination of the valuation discount on the Company's investment in Homag Group AG. So far, the equity share held by Deutsche Beteiligungs AG in this enterprise was valued at a minority discount of 25 percent. There is no need for this discount, now that Deutsche Beteiligungs AG and its co-investment funds have acquired a further 39 percent of the shares.

Deutsche Beteiligungs AG is currently preparing its interim report at 31 January 2007, which is scheduled to be issued on 19 March 2007.

The Board of Management

Frankfurt am Main, 27 February 2007