Deutsche Beteiligungs AG: Recommended: disbursement per share to be doubled

Ad hoc announcement consistent with § 15 WpHG (German Securities Trading Act)
Deutsche Beteiligungs AG • WKN 550 810

Deutsche Beteiligungs AG – Recommended: disbursement per share to be doubled – dividend of 0.33 euros plus bonus of 0.33 euros per share
2004/2005 profit for the year: 41.3 million euros

Deutsche Beteiligungs AG, Frankfurt am Main, significantly boosted earnings in financial year 2004/2005 (ended 31 October). The consolidated profit for the year was 41.3 million euros, a sizeable increase on the comparable previous year's 10.0 million euros. Net asset value per share climbed from 12.54 euros (31 October 2004) to 14.64 euros (31 October 2005).

This year again, Deutsche Beteiligungs AG intends to pay shareholders a dividend of 0.33 euros per share; additionally, in light of the strong performance delivered this past year, a bonus of 0.33 euros per share is planned to be disbursed on top of the dividend. The Board of Management and the Supervisory Board today resolved to submit a recommendation to that effect to shareholders at the Annual Meeting.

Frankfurt am Main, 23 January 2006
The Board of Management