Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Financing, Stock Offerings (IPO)
- Fortune receives Euro 17,0 Mio from Private Placement - Global Alternative Energy International (GATE) receives Euro 67,5 Mio in a subsidiary to build world┬ĺs largest integrated b

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Zug/Switzerland, December 19, 2005 - Fortune Management Inc. (General Standard, ISIN USU026281027, SIN: A0BLYY) completed a private placement of 11,2 Mio new restricted shares which were issued to institutional investors at a price of Euro 1,25. In addition a Member of the Board of Directors, through an own company has subscribed for a convertible debenture in the amount of Euro 3 Mio. Total funds received amount to Euro 17,0 Mio. The term of the debenture is three years with an annual interest of 6.00 percent and was issued with a conversion premium of 30 percent. These securities are restricted and therefore not admitted for trading.

Global Alternative Energy International S.a.r.L.(GATE), through its subsidiary Neckermann Renewables Wittenberg GmbH, has received a project finance credit facility for Euro 67,5 Mio with Hypo Alpe-Adria Bank AG, Austria. The funds will be used for the construction of a biodiesel plant and an oil mill for which Lurgi AG, Frankfurt am Main has been contracted. This plant, which is located in Wittenburg-Piesteritz, will have an annual output of 200,000 tons of biodiesel and 20,000 tons of pharmaceutical glycerine. The oil mill is to be operated at an annual input of 520.000 tons of rape-seed, for which long-term supply contracts have been secured, making the facility the world┬ĺs largest fully integrated bio-diesel project.

End of ad hoc release

Profile of the Fortune Management Inc.: FORTUNE Management Inc, Zug/Switzerland, pursues two parallel consolidation strategies: In the Asset Management division the acquisition of independent asset management companies primarily operating in Switzerland, but also internationally, is in the centre of the interest; in the Private Equity segment Fortune focuses on the acquisition or establishment of private equity managers and funds on a global scale. Both operations work from the same platform. FORTUNE has subsidiaries in Zug, Zurich, Geneva, and Dubai. The company targets the acquisition of a majority share in the asset management or private equity companies. With the integration into the group, the acquired companies of both segments are relieved from as much administrative work ("middle office") as possible. They continue to operate in the market under their established trade name. Neither the customer nor the custodian bank relationships of the asset managers are altered.  The realized economies of scale result in improved cost ratios. In the Asset Management division the support in the areas of research as well as portfolio management aims to enhance the risk-adequate return for the asset managers┬ĺ clients. In the Private Equity segment the companies achieve an increase in volume and a broadening of their base.

The shares (ISIN: USU 026281027) of the company are listed at the Geregelter Markt [Regulated Market] (General Standard) of the Frankfurt Stock Exchange.

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ots Originaltext: Fortune Management Inc.
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Further inquiry note:
Fortune Management Inc.
Christian Hillermann
Investor Relations Manager

Tel.: +49 40 / 23608-897
Fax:  +49 40 / 23608-500

Branche: Financial & Business Services
ISIN:      USU026281027
WKN:        A0BLYY
Index:    Prime All Share, HDAX, CDAX
B├Ârsen:  Berliner Wertpapierb├Ârse / free trade
              Baden-W├╝rttembergische Wertpapierb├Ârse / free trade
              B├Ârse D├╝sseldorf / free trade
              Bremer Wertpapierb├Ârse (BWB) / free trade
              Frankfurter Wertpapierb├Ârse / regulated dealing/general

Weitere Meldungen: Fortune Management Inc.

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