FinLab AG — Capital/Financing Update 2008

Nov 17, 2008

News Details

Corporate | 17 November 2008 15:35

Altira Group approves capital increase – EUR 4.8 million will flow into the company

Altira AG / Capital Increase

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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The Managing Board of Altira AG (Altira Group) has decided, with the
approval of the Supervisory Board, to take advantage of authorised capital
to increase the company’s share capital by EUR 300,000 from the current
EUR 4,238,670 to EUR 4,538,670. The capital increase will be in return for
cash contributions obtained by issuing 300,000 shares at an issue price of
EUR 16.00 per share while excluding shareholder subscription rights. This
exclusion of shareholders’ subscription rights will occur in accordance
with § 5 Par. 2 letter c) in the Articles of Association. All the shares
have already been placed with international institutional investors,
bringing EUR 4,800,000 in fresh capital to the company. The transaction was
conducted by Silvia Quandt & Cie. AG.

Michael Rieder, Chairman of the Board of Management of the Altira Group,
explains the reasons for the capital increase: 'We regard the current
market environment as a good opportunity to noticeably strengthen and
expand our market position via organic and external growth. With more than
EUR 28 million liquidity we are in a comfortable position to react flexibly
to new market opportunities.'

++ About Altira Group

The Altira Group is an owner-managed company that is simultaneously an
exchange-listed asset management company. We manage money in the areas of
private markets, public markets and real estate on behalf of institutional
investors.

The investment approaches focus on inefficient markets. Altira Group
understands this to mean the promising newly forming markets and regions
with above-average growth opportunities as well as established markets
undergoing major structural changes. Due to their specialised knowledge and
years-long experience, the Altira teams are able to generate a sustainable
above-average risk/yield profile ('high alpha strategies') in these markets
by using an active investment approach.

The implementation into concrete investment products is then handled by the
focused, independent Altira subsidiaries. Whereas the investment decisions
are independently taken in the investment teams, all of the boutique
companies have centralised access to a common, institutional
infrastructure. The Altira Group is, in this context, generally a founding
majority shareholder of these boutique subsidiaries, or it acquires shares
in existing asset management companies that want to tap into the Altira
Group platform.

Contact:
Altira Aktiengesellschaft
Olaf Meier
Head of Investor Relations
Phone: +49 69 719 12 80 123
E-Mail: olaf.meier@altira-group.de

17.11.2008 Financial News transmitted by DGAP

Language: English
Issuer: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 719 12 80 - 00
Fax: +49 (0)69 719 12 80 - 011
E-mail: info@altira-group.de
Internet: www.altira-group.de
ISIN: DE0001218063
WKN: 121806
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt

End of News DGAP News-Service

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