shaPE Capital AG

EQS-Adhoc: shaPE Capital AG: Annual results 2014

EQS Group-Ad-hoc: shaPE Capital AG / Key word(s): Final Results
shaPE Capital AG: Annual results 2014

07.04.2015 / 17:45
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Freienbach, 7 April 2015

  - Net asset value per share decreases by 5.5% and share price increases
    by 26.4% in fifth year under the realization strategy.

  - Cash distributions of CHF 22 per share in 2014 plus a CHF 35 nominal
    value reduction resolved in 2014 bring total distributions to
    shareholders to CHF 138 per share.

  - Opportunistic secondary sales expected to remain first priority in the
    final phase of the realization strategy.

The year 2013 marked the fifth full year under the realization strategy.
While the tailwinds of the last few years supported over the first three
quarters the deteriorating situation in Russia as well as the sharp drop in
the oil price during the fourth quarter negatively affected some of the
larger positions of shaPE. As a result the NAV per share decreased by 5.5%
on a distribution adjusted basis. The share price increased by 26.4% to CHF
122.90 on a distribution adjusted basis.

In 2014 the following seven partnership interests were sold: Altas Ventures
VI, Crimson@Velocity, Forward Ventures V, Green Equity Investors IV, Nordic
Capital Fund V, Nordic Capital Fund VI and The Lightyear Fund. The rational
of the transaction was to clean-up the portfolio by selling some more
difficult venture funds as well as some tail end situations together with a
few brand name funds as sweetener.

Further, as announced on 31 March 2015, the following seven partnership
interests were sold during the first quarter 2015: Bain Capital Fund IX,
Bain Capital Fund VIII-E, Exponent Private Equity Partners, Exponent
Private Equity Partners II, Sovereign Capital II, Sun Capital V, The
Lightyear Fund II. While five funds have closed and proceeds have been
received, two funds (Bain Capital Fund VIII-E and Bain Capital Fund IX)
will close per end of June. Again the transaction marks a further milestone
in the realisation strategy of shaPE and since the transaction was done at
a small discount to the latest available valuations the impact on the net
asset value remains moderate. The valuation of investments in the annual
report 2014 reflects the sales price of the sold funds.

In 2014 shaPE paid out a distribution of CHF 22 per share to shareholders.
A further distribution of CHF 35 per share by way of nominal value
reduction was resolved at the extraordinary shareholder meeting on 15
December 2014. The distribution was paid out to shareholders in March 2015.
Together with this most recent distribution the distributions paid to
shareholder amount to CHF 138.

For the upcoming annual general meeting the board of directors proposes
further two further distributions, one in the amount of CHF 11 out of
general legal reserves from capital contributions and one in the amount of
CHF 20 by way nominal value reduction.

The full annual report 2014 is available on www.shape-capital.com.
End of ad hoc announcement

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07.04.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news
archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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Information and Explaination of the Issuer to this News:

shaPE Capital AG (shaPE) is a SIX Swiss Exchange-listed investment company
with exposure to a global private equity portfolio. In 2009 shaPE decided
to initiate a realization strategy with the ultimate goal to return the
intrinsic value of the current portfolio to its shareholders. Under this
realization strategy shaPE does not make any new commitments to private
equity funds, but focuses on harvesting the value of the current portfolio
over the coming years. shaPE is listed on the SIX Swiss Exchange under the
ticker symbol 'SHPN'.

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Language:    English
Company:     shaPE Capital AG
             Wolleraustrasse 41a
             8807 Freienbach
             Switzerland
Phone:       +41 58 596 12 96
Fax:         +41 58 596 12 97
E-mail:   info@shape-capital.com
Internet: www.shape-capital.com
ISIN:        CH0012885841
Valor:       765355
Listed:      Foreign Exchange(s) SIX


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341789 07.04.2015
 



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