Deutsche Beteiligungs AG: Supervisory Board and Board of Management to recommend dividend of 0.40 euros per share at Annual Meeting

Announcement consistent with § 15 WpHG (German Securities Trading Act)
Deutsche Beteiligungs AG, WKN 550 810/ISIN DE0005508105
Consolidated financial statements approved: consolidated loss of 51.1 million euros

The Supervisory Board of Deutsche Beteiligungs AG today approved the 2007/2008 consolidated financial statements and adopted the 2007/2008 annual financial statements of Deutsche Beteiligungs AG. At the Annual Meeting, the recommendation will be put to shareholders to pay a dividend of 0.40 euros per share. In the previous year, a total dividend of 3.50 euros per share was distributed, which included an extraordinary surplus dividend of 2.50 euros.

For financial year 2007/2008 (1 November to 31 October), Deutsche Beteiligungs AG posted a consolidated loss of 51.1 million euros. The consolidated loss stems chiefly from unrealised valuation changes. The loss therefore had virtually no effect on the Company’s cash position; at 31 October 2008, Deutsche Beteiligungs AG had cash funds (including short-dated government-guaranteed securities) of approximately 105 million euros. Net asset value per share declined from 25.09 euros at the beginning of the year to 17.90 euros at 31 October 2008, resulting from the consolidated loss and the dividend distribution in March 2008 (3.50 euros per share). In the previous financial year, the Company recorded a consolidated profit of 136.5 million euros.

The dividend will be paid from retained earnings of previous years and the profit carried forward.

The Board of Management
Frankfurt am Main, 23 January 2009