MPC Münchmeyer Petersen Capital AG

Earnings Release • Feb 28, 2007

News Details

Ad-hoc | 28 February 2007 07:25

MPC Münchmeyer Petersen Capital AG: MPC Capital AG achieves record result in 2006

MPC Münchmeyer Petersen Capital AG / Final Results/Results Forecast

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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MPC Capital AG achieves record result in 2006
- Consolidated net profit climbs 29% to EUR 56.0 million
- Dividend raised by 25% to EUR 5.00
- Outlook 2007

Hamburg, February 28, 2007 – In the fiscal year 2006, SDAX-listed financial
service provider MPC Münchmeyer Petersen Capital AG generated the best
result in the history of the company. Consolidated net income after
minorities for the year increased by 29 % from the previous year’s EUR 43.5
million to EUR 56.0 million, which represents earnings per share of EUR
5.28 (2005: EUR 4.10). At their joint meeting, the Management Board and the
Supervisory Board decided to propose to the Annual General Meeting on April
19, 2007 that the dividend be increased from EUR 4.00 to EUR 5.00 per
share. The consolidated financial statements, which have been officially
approved, show sales of EUR 228.4 million, up 19% on the previous year‘s
EUR 191.3 million. At EUR 74.6 million, earnings before interest and taxes
(EBIT) were up 29% on the previous year‘s EUR 57.8 million.

As of the balance sheet date, the MPC Capital Group’s total assets amounted
to EUR 213.4 million (2005: EUR 187.2 million). The equity ratio stood at
71.5% (2005: 72.8%). The balance sheet shows EUR 152.5 million in equity
(2005: EUR 136.3 million).

Key figures for FY 2006

In TEUR Dec. 31, 2006 Dec. 31, 2005 +/ -
Sales 228,366 191,316 + 19%
EBIT 74,624 57,756 + 29%
Net income after minorities 55,993 43,477 + 29%
Earnings per share in EUR 5.28 4.10 + 29%
Dividend in EUR 5.00 4.00 + 25%
Balance sheet total 213,350 187,189 + 14%
Equity 152,499 136,328 + 12%
Employees (average for the year) 249 215 + 16%

From today’s point of view, the Management Board expects a placement volume
of EUR 1 billion (2006: EUR 1,008 million) and a net income of EUR 40.0
million (2006: EUR 56.0 million) for the current fiscal year.

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Information and Explaination of the Issuer to this News:

The record result is attributable to two factors at the operating level.
First, equity placed exceeded the EUR 1 billion mark again, as it increased
by 4% from EUR 974 million to EUR 1.008 billion, making MPC Capital the
German market leader in closed-end investment schemes for the fourth
consecutive year.

Business segment in EUR m 2006 2005 +/–
Real estate funds 234 409 – 43%
thereof Real Estate Opportunity 103 117 – 12%
Corporate investments 420 327 + 28%
thereof ship investments 411 310 + 33%
Life insurance funds 142 118 + 20%
Structured products 119 62 + 92%
Private equity funds 49 38 + 29%
Investment funds 44 20 + 120%
TOTAL 1,008 974 + 4%

*Deviations due to rounding of figures.

Second, MPC Capital acted as a responsible asset manager. In particular,
the company identified, developed and exploited opportunities in the
international real estate markets by selling properties from the closed-end
fund portfolios to the benefit of the shareholders. The sale of a real
estate package comprising 99 properties from 27 Dutch real estate funds in
an amount of almost EUR 1 billion was a genuine milestone in terms of the
size and complexity of the transaction.

The successful sale of assets and the resulting winding-up of funds is also
reflected in the structure of MPC Capital AG’s sales:

Sales in TEUR 2006 2005 +/-
Sales from initiating project 13,092 21,473 – 39%
Sales from placing equity 165,136 153,111 + 8%
Sales from fund management 21,179 16,731 + 27%
Sales from fund liquidation 28,958 -- --
TOTAL 228,366 191,316 + 19%

*Deviations due to rounding of figures.

The ship investments were MPC Capital AG’s strongest product group in 2006
and accounted for 49% of total sales (2005: 42%). Real estate funds
contributed 30% to total sales (2005: 31%). At 12% of total sales, life
insurance funds were the third strongest product group (2005: 13%).
Launched for the first time in 2005, structured products accounted for 4%
of total sales (2005: 1%). Private equity and investment funds contributed
5% (2005: 5%) to total Group sales in 2006.

Sales generated outside Germany represented approx. 12% of total sales, up
from 11% in the previous year and mainly result from the selling of 99
properties in the Netherlands.

Since 1994, more than 141,000 customers (2005: 119,000) have invested
approx. EUR 5.8 billion in 261 funds with a total investment volume in
excess of EUR 14.2 billion.

'MPC Capital AG has started the transition from an initiator of closed-end
funds to an integrated asset manager of alternative capital investments. In
addition to the revenues resulting from the launch and the management of
funds, we generated an important profit contribution by selling assets and
winding up closed-end funds. This allowed us to achieve a record result. As
usual, our high payout ratio will give our shareholders a direct share in
this performance. We are pleased to propose to the Annual General Meeting
to increase the dividend by 25% to EUR 5.00 per share. 2006 was also a year
of strategic decisions such as the implementation of Assentus Bank and the
expansion of the Management Board', said Dr. Axel Schroeder, Chairman of
the Management Board of MPC Capital AG.

Outlook 2007

MPC Capital expects to place equity in an amount of EUR 1 billion in fiscal
2007. Net income for the year is projected to amount EUR 40.0 million.
These projections comprise the planned product volume and the placement
expectations.

In the ship investments segment, MPC Capital expects to see strong equity
placements in an amount of approx. EUR 400 million. The first quarter will
see the start of the placement of another ship portfolio comprising 14
modern second-hand reefers, for which approx. EUR 116 million in equity
will be raised. Apart from reefers, MPC Capital will develop ship
investments in various ship segments for its investors. These include small
container ships in the 2,000 TEU class as well as large ships in the 9,700
TEU class. All ships have long-term charter contracts with renowned,
well-funded partners, which means high reliability for investors.

The situation in the international real estate markets and the company’s
strict adherence to high quality standards are making it very difficult to
launch high-return investments in the area of traditional international
real estate funds. The contribution of this segment to the 2007 placement
volume will depend on the opportunities that arise in the course of the
year. At present, real estate funds are expected to raise equity in an
amount of EUR 150 million to EUR 250 million. Real estate opportunity funds
are projected to account for EUR 100 million to EUR 150 million.

MPC Capital plans to continue the fund concepts based on German and British
life insurance policies in 2007. An equity volume of EUR 150 million to EUR
200 million is projected for this product line.

Assentus Bank’s first full year of operation is to further strengthen the
organisation and intensify sales and marketing activities for private
equity, opportunity funds as well as structured and insurance products. MPC
Capital projects a placement volume of EUR 50 million for private equity
and of EUR 150 million to EUR 200 million for structured products.

'MPC Capital offers attractive capital investments in all segments. The
existing pipeline is an excellent basis for the fiscal year 2007. As an
integrated asset manager, we will launch attractive products, continue to
actively manage existing capital investments and use exit opportunities to
the benefit of our investors whenever they arise. As usual, we will act
opportunistically, continue to strengthen our brands and prove our team’s
ability to innovate', said Dr. Axel Schroeder.

Inquiries:
Andreas Schwarzwälder
Investor Relations
Phone: +49 40 380 22-347
fax: +49 40 380 22-878,
e-mail: ir@mpc-capital.com

DGAP 28.02.2007

Language: English
Issuer: MPC Münchmeyer Petersen Capital AG
Palmaille 67
22767 Hamburg Deutschland
Phone: +49 (0)40 380 22 347
Fax: +49 (0)40 380 22 878
E-mail: ir@mpc-capital.com
WWW: www.mpc-capital.com
ISIN: DE0005187603
WKN: 518760
Indices: S-DAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin-Bremen, Hannover, Düsseldorf, München,
Stuttgart

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