Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Financing, Stock Offerings (IPO)
Fortune Management Inc. receives EUR30 million from Financing

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Zug, Switzerland, April 3, 2006 - Cycladic Capital LLP through its funds is subscribing for 15 million ordinary shares and 4.5 million bearer warrants in Fortune Management Inc., (General Standard, ISIN USU026281027, WKN: A0BLYY) for a total of EUR30 million. The shares are not admitted for trading at the Frankfurt Stock Exchange.

The warrants, each of which entitles the holder to acquire one ordinary share in Fortune Management Inc., are divided into three classes. Each class consists of 1.5 million ordinary shares at a subscription price of 2.00 euros per share, 2.50 euros per share and 3.00 euros per share. The warrants can be exercised during a period of three years. A listing of the warrants is envisaged. If the warrants are exercised in full, the company will receive a further EUR11.25 million. Taking into account the strike price of the warrants, the average share price for the transaction is EUR2.12.

Fortune Management Inc. will use the proceeds of the issue to further expand its private equity activities.

End of the ad hoc release

Profile of Fortune Management Inc.: FORTUNE Management Inc. of Zug, Switzerland, is an on the Frankfurt Stock Exchange listed private equity firm. Its two main activities Principle Investments and Private Equity Products operate from the same corporate platform. This platform provides corporate services as well as deal origination. Principle Investments comprises of direct investments into different businesses, such as e.g. Wealth Management in Switzerland (Fortune Capital AG) or biodiesel (GATE Global Alternative Energy S.a.r.L.). Fortune generally acquires controlling interests in these investments, seeking dividend income and capital appreciation of the participations. Under Private Equity Products, Fortune subsumes its investments in private equity managers (general partners), such as Antarctic International Private Equity Fund S.A. in Chile. The focus there lies in consolidating continuous management and performance fee income. FORTUNE has offices in Zug, Zurich, Geneva, Vienna and Dubai.

The company’s shares (ISIN: USU 026281027) are quoted on the Regulated Market (General Standard) at the Frankfurt Stock Exchange.

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ots Originaltext: Fortune Management Inc.
Im Internet recherchierbar:

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
Börsen:  Börse Berlin-Bremen / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Frankfurter Wertpapierbörse / regulated dealing/general

Weitere Meldungen: Fortune Management Inc.

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