14.06.2007

Deutsche Beteiligungs AG to repurchase shares: Agreement reached with a principal shareholder

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

The Board of Management of Deutsche Beteiligungs AG today announced its intention to repurchase 4.95 percent of the shares in Deutsche Beteiligungs AG. The Board reached an agreement with one of the Company's two remaining principal shareholders, Gerling Life Insurance, to purchase 750,000 shares from their holdings for 24.38 euros. The Board of Management is thus making use of an authorisation granted by shareholders at the Annual Meeting on 28 March 2007, according to which the Company may optionally repurchase up to ten percent of the current capital stock, or up to 1,515,386 shares, under exclusion of shareholders' pre-emptive tender rights. The Gerling Life Insurance company has announced that it also intends to sell the residual shares in Deutsche Beteiligungs AG.

In conformity with specifications of the authorisation granted by shareholders at the Annual Meeting, the purchase price agreed is below yesterday’s closing price of 26.54 euros and falls short of the average quotation over the last ten days of trading prior to the completion of the agreement by 9.5 percent.

The Board of Management aims to optimise the Company's finance structure through the share repurchase. After a number of profitable disinvestments and a dividend payment of more than 45 million euros in March 2007, the Company's cash position totalled 111 million euros at 30 April 2007, which dilutes the return on equity per share.

The shares repurchased are to be cancelled.

The Board of Management

Frankfurt am Main, 14 June 2007