FinLab AG — M&A Activity 2007

Nov 19, 2007

News Details

Corporate | 19 November 2007 13:20

Altira significantly expands its Real Estate Division; Strategic investment in R-QUADRAT Immobilien, Vienna

Altira AG / Miscellaneous/Miscellaneous

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

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Theolia Emerging Markets (Theolia EM), a wholly owned subsidiary of Theolia
S.A. (www.theolia.com), took on ecolutions’ entire share capital increase
of 10 million shares last Friday. The stock exchange candidate thus
acquired an important strategic partner who has subscribed the whole of the
capital increase which was originally intended for the planned IPO. The
company’s stock exchange admission announced for December 6th will be
postponed to a later date as a subsequent future growth measure.

The purchase price is made up of both a cash portion of € 2.50 plus the
latent value of the cooperation agreement valued at € 2.0 arising from the
exclusive marketing authorisation for the CO2 certificates from the stock
held by Theolia EM. Together this gives a total value per share of € 4.50,
which falls within the declared book-building range for the stock exchange
admission.

Ecolutions is an investment trust set up by the Altira Group and managed by
the Altira subsidiary ecolutions Management GmbH which invests worldwide in
projects and enterprises contributing to a reduction in CO2 emissions.
ecolutions receives so-called emission certificates for these environmental
protection projects, which can then be sold on to companies emitting more
than their quota of CO2. In addition to revenue from the sale of the
emission certificates ecolutions also shares in the operating income of
these environmental protection projects.

Thanks to the new major shareholder, comprehensive strategic prospects are
thus opening up for ecolutions. Theolia EM is gearing up to become one of
the largest producers of renewable energy in important emerging markets,
such as Brazil, Morocco and India. Theolia EM also produces so-called
environmental project certificates (CO2 rights) as a matter of course for
many of these projects. These will in future be marketed exclusively by
ecolutions, thus providing both companies with respective growth prospects.
Ecolutions’ additional service sector will have a beneficial effect on
sales and results from as early as next year. ecolutions will therefore be
able to present itself still more profitably for admission to the stock
exchange planned for 2008.

As far as Altira is concerned, this step means substantial additional
revenue in the private market sector in the form of fixed fees charged on
the assets managed by ecolutions, as well as performance fees on the
profits made by ecolutions. At the same time, the addition of a blue chip
energy enterprise is a feather in ecolutions’ cap which also rewards the
management services of Altira AG in this still young market.

Peter Brumm, Altira’s CEO, is understandably more than happy: 'As far as
the Altira Group is concerned, this is a milestone in fund raising. The
addition of a value added investor illustrates the quality of the
management service of our subsidiary ecolutions Management GmbH. Our volume
targets and prospects as to what we can and intend to manage in this sector
in future have clearly improved following the participation of Theolia.'

+++ About Altira

The publicly quoted Altira Group (German Securities Identification No.: 121
806) is an independent asset manager with Private Markets, Public Markets
and Real Estate Divisions.

The Altira Group functions as a holding company with independent asset
management boutiques operating under it. The specialists in the various
boutiques make the investment decisions, while sales, communications,
risk-management, and company development functions are handled by the
Altira Group. The Altira Group is generally a founding majority shareholder
of these boutiques or, if appropriate, acquires shares in existing asset
management boutiques that wish to link to the Altira Group’s platform.

In their approach to investing, the Altira asset management boutiques
concentrate primarily on inefficient markets. This includes areas subject
to significant structural change and niches in which Altira fund managers
can differentiate themselves from the competition through their special
knowledge and many years of experience. This strategy enables Altira to
generate above-average returns on a sustained basis through active asset
management ('high-alpha' strategy).

A high degree of entrepreneurial freedom for fund managers and careful risk
management are the keys to success. In addition, the fund managers and
Altira Group hold significant equity interests in the individual funds,
which ensures that their interests correspond with those of their
investors.

For more information about the Altira Group, see:
www.altira-group.de.

Contact:
Altira Aktiengesellschaft
Juan Rodriguez
Leiter Investor Relations
Tel: +49 69 719 159 66 405
E-Mail: juan.rodriguez@altira-group.de

19.11.2007 Financial News transmitted by DGAP

Language: English
Issuer: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 719 159 66 - 0
Fax: +49 (0)69 719 159 66 - 11
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

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