Talenthouse AG

Earnings Release • Jul 5, 2007

News Details

Ad-hoc | 5 July 2007 06:34

New Value with increase of NAV per share of 5.4% in business year 2006/07

NEW VALUE AG / Final Results

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

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AD HOC INFORMATION

New Value with increase of NAV per share of 5.4% in business year 2006/07 –
positive development for portfolio companies, first of all in 3S and Meyer
Burger

Zurich, 5 July 2007. The Private Equity investment company New Value,
quoted on the SWX Swiss Exchange and focused on young growth companies,
increased its Net Asset Value (NAV) from CHF 38.7 Mio. to CHF 59.5 Mio. in
the business year 2006/07 (yearend per 31 March 2007) due to the positive
development of the portfolio companies and a capital increase in May 2006.
As of yearend NAV per share was CHF 19.92. It increased with 5.4% compared
to the previous year. Until the end of June 2007 NAV rose further 27.9% to
CHF 25.47, the share closing price on 4 July 2007 was CHF 19.90, around 18%
higher than 31 March 2007. Net profit for the business year 2006/07 was CHF
3.46 Mio. (previous business year CHF 8.0 Mio.), earnings per share
amounted to CHF 1.21. The General Assembly will take place Monday, 27
August 2007, in Zurich.

Increase in solar and medical technology

During the business year 2006/07 the portfolio of New Value matured further
and was particularly extended within the solar energy domain. In this
dynamic sector New Value invested in Meyer Burger and Solar Plant Swiss.
These complement the existing investment in 3S Swiss Solar Systems.

• As part of the IPO of Meyer Burger New Value purchased 20'000
shares at a price of CHF 39.00. Since going public, the share of
Meyer Burger increased with 110% to CHF 82.00 the 31 March 2007,
equal to the new portfolio value in New Value. Until the middle
of June 2007, the share increased further to CHF 190.00.
• In October 2006 New Value invested CHF 4 Mio. in Solar Plant
Swiss, which intends to set up a fully integrated manufacturing
plant for the production of solar modules in the Canton of
Glarus. New Value increased its stake with a further CHF 1 Mio.
in January 2007. The current share of the company is 13.3%.
• Additionally, New Value utilised the attractive valuation level
of 3S Swiss Solar Systems in November 2006 and increased the
portfolio position through the stocking up of 331'194 shares from
27.4% to 32.4%.

New Value strengthened its engagement in medical technology with an
investment in the Swiss diagnostics company Swiss Medical Solution with
domicile in Büron/LU. In a first financing round New Value invested overall
CHF 2.5 Mio. in the young growth company for the development of the company
and commercialisation of the first product, of which CHF 1.25 Mio. in
2006/07 as share capital and CHF 0.9 Mio. as a convertible loan.

Exit from SAF and Innoplana, value decreases with Solvinci Materials and
Light Vision Group

In the reporting period, New Value concluded the realisation of two
portfolio companies: New Value sold 41% of its stake in SAF Simulation
Forecasting Analysis as part of the IPO in Frankfurt at EUR 17.60 per
share. The remainder was sold in October 2006 at EUR 15.43 per share. The
portfolio value increase of SAF was already booked in the previous business
year. Additionally, New Value sold its remaining stake of 32’478 shares in
Innoplana Umwelttechnik in May 2006 to Degrémont, a company in the Suez
Group, for CHF 5.33 per share. Overall, the transaction was completed with
a realisation profit of CHF 10'911 in the reporting period.

In two portfolio companies, New Value had to depreciate their value. New
Value wrote down the value of its stake in Solvinci with ca. 38%, which
resulted in a book loss of CHF 0.4 Mio. Light Vision Group had to report
several postponements in its market introduction and non-fulfilment of
budget targets, whereupon the value was complete written off, resulting in
a book loss of CHF 0.6 Mio.

Successful capital increase in May 2006

With the listing on the SWX Swiss Exchange in May 2006, New Value increased
the attractiveness of its share for investors due to higher visibility and
liquidity. All offered shares were subscribed at CHF 18.25 per share. This
resulted in gross proceeds amounting to CHF 19.9 Mio., the capital base was
increased with 50%. The proceeds shall primarily be invested in promising
small- and medium-sized growth companies.

Income from the value increase in 3S and Meyer Burger

Income from investments and loans amounted to CHF 7.1 Mio. (previous year
CHF 12.8 Mio.). Whereas the high income in the previous business year
derived from the IPOs of 3S and SAF, the income in the reporting period
come next to interest payments from the substantial value increases in 3S
Swiss Solar Systems (CHF 5.1 Mio.) and Meyer Burger Technology (CHF 0.9
Mio.). The expenses from investments and loans halved in comparison to the
year before to CHF 1.6 Mio. (previous business year CHF 3.2 Mio.). These
expenses principally derive from the value depreciations of Solvinci
Materials and Light Vision Group.
Operating expenses increased to CHF 2.1 Mio. (previous business year CHF
1.4 Mio.) and stand in relation to the growth of New Value. The investment
advisory costs amount to CHF 1.2 Mio. (previous business year CHF 0.6
Mio.), driven by larger portfolio volume. The investment advisory fee is
unchanged at 0.5% of the audited NAV per quarter.

New investments

In June 2007 New Value expanded its portfolio in New Materials with an
investment in the young Swiss growth company Natoil with domicile in Root,
Canton of Lucerne. New Value invested CHF 1.5 Mio. in the most current
financing round of overall CHF 3 Mio. for the development of the
distribution structures and further development of the product assortment.
During the last couple of years Natoil developed a product line of
industrial lubricants, which exhibit outstanding technical characteristics
and where their manufacture is based to the greatest possible extent on
renewable raw materials.

For the business year 2007/08, New Value plans to complete three to four
further investments in young, attractive growth companies.

New Value AG

New Value, quoted at the SWX Swiss Exchange, invests directly in private
and rising companies from Switzerland or the rest of the German-speaking
region with above average market and growth potential. As an investment
company, New Value promotes innovative business models with venture capital
and accompanies these to market success. The portfolio covers companies at
different maturity levels, starting with the market introduction phase up
to the establishment as medium-sized enterprises with stable profits. A
broad approach is consciously applied. The portfolio covers companies from
the sectors renewable energy, medical technology, health, information
technology and new materials. Since founding, EPS Value Plus AG, Zurich,
acts as investment advisor to New Value.

Contact
New Value AG Tel. +41 43 344 38 38
Rolf Wägli Tel. +41 43 344 38 11, waegli@newvalue.ch
Peter Letter Tel. +41 43 344 38 18, letter@newvalue.ch
Fax +41 43 344 38 39

Address
Bodmerstrasse 9, CH-8027 Zurich, Switzerland

Information/ www.newvalue.ch Email: info@newvalue.ch
Downloads www.epsvalueplus.ch Email: info@epsvalueplus.ch

On 5 July 2007; 11:00 a media presentation regarding the business year
2006/07 will take place in the SWX Swiss Exchange, Convention Point, 8001
Zurich. Representatives from the media are welcomed to this event, where
additionally Kurt Glaus, CEO of Idiag AG, and Michel Pascal Ferrari, Head
Marketing and Sales of Bogar AG, present their companies.

The New Value Annual Report 2006/07 (in German) can be ordered via Email
(info@newvalue.ch) or per telephone (+41 43 344 38 38) directly from the
company. It is also available as download from our internet site
www.newvalue.ch
DGAP 05.07.2007

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Language: English
Issuer: NEW VALUE AG
Bodmerstrasse 9
8027 Zürich Schweiz
Phone: +41-43-344 38 38
Fax: +41-43-344 38 39
E-mail: info@newvalue.ch
Internet: www.newvalue.ch
ISIN: CH0010819867
WKN: 552932
Indices:
Listed: BX, SWX; Freiverkehr in Berlin-Bremen, München, Stuttgart,
Düsseldorf; Open Market in Frankfurt

End of News DGAP News-Service

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