FinLab AG — Share Issue/Capital Change 2008

Jul 18, 2008

News Details

Corporate | 18 July 2008 08:23

Altira Group: ADC African Development Corporation – Capital increase completed successfully

Altira AG / Miscellaneous

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.

---

Frankfurt/Main, 18/07/2008

ADC African Development Corporation (www.african-development.com), a
business development company initiated by Altira Group, successfully
completed its capital increase at the end of last week in spite of
difficult capital market conditions. A total of USD 22.5 million was placed
with international investors as well as German family offices, in
particular.

The new capital will be invested in the next months in companies in
sub-Saharan Africa operating in the fields of banking, IT &
telecommunications and real estate, most of which have already been
identified. The pioneering position occupied by ADC, particularly in East
Africa, allows it to provide institutional investors with access to a
strongly growing, future-oriented market.

Michael Rieder, CEO of the Altira Group, is satisfied: 'General interest in
the topic of Africa and feedback from institutional investors with respect
to ADC African Development Corporation were very good. We were therefore
able to attract additional capital for ADC in spite of the current
difficult capital market situation, even though the total amount raised
only fell in the middle of our expected range. ADC now has sufficient new
funding to prepare itself for the next growth phases and to become one of
the leading industrial holding companies in East Africa'.

++ About Altira

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

The investment approaches focus on inefficient markets. Inefficient markets
are newly forming markets and regions of the future 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 defined 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.

Contact:
Altira Aktiengesellschaft
Juan Rodriguez
Head of Investor Relations
Tel: +49 69 719 12 80 145
E-Mail: juan.rodriguez@altira-group.de

18.07.2008 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

---