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Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Board of Directors (Appointments and Changes)

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AD hoc release

Zug, Switzerland, July 4, 2006 --  Fortune Management Inc., the private equity firm (ISIN: USU 026281027) listed on the General Standard segment of Frankfurt Stock Exchange (ticker symbol: FM11), today announced that Leslie A. Brun has joined the company's Board of Directors. Mr. Brun, 53, was previously founder and Chairman of Hamilton Lane, a leading private equity manager and advisor. Besides his Board responsibilities at Fortune, Brun will take a leading role in developing private equity business and drive Fortune´s growth. Mr. Brun brings over 25 years in the Private Equity, Corporate Finance and Investment Banking arenas.

Brun is a long-time associate of Fortune's Chairman, Paul Bagley. In the mid- 1980's, Mr. Bagley headed E. F. Hutton's Corporate Finance Division where Mr. Brun was a Vice President. The two have collaborated on a number of ventures since that time.

Mr. Brun is a noted authority on private equity and a frequent speaker at private equity conferences worldwide. He sold his interests in Hamilton Lane earlier this year to an investment firm owned by Microsoft founder Bill Gates and now pursues several personal investment initiatives. Amongst others he currently holds investments in automobile dealerships and in Philadelphia Media Holdings, publisher of the Philadelphia Inquirer and the Philadelphia Daily News.

Brun also sits on the Boards of Directors of ADP Inc. (NYSE:ADP), Opus Entertainment, The University at Buffalo Foundation and is a Trustee of The Episcopal Academy in Merion, PA.  He is a member of The Council on Foreign Relations in New York.

- End of Ad hoc release -

Mr. Brun noted: "The private equity market has grown in size and sophistication, and matured significantly since I became involved in 1991. I see major opportunities for a variety of providers of products and services to the market, each of whom will capitalize on their respective strengths and capabilities. Fortune is very well-positioned to seize certain of those opportunities, particularly outside of the United States, in Europe, the Middle East and South America. I have known the senior management for many years and am pleased to be a part of the Fortune team."

Mr. Rene Mueller, CEO of Fortune, hails the arrival of Les Brun and said: "We are extremely happy that such a distinguished and highly respected personality as Les Brun is joining Fortune at Board level and takes charge of the Private Equity Management Group. Nobody knows the industry better than him. At Fortune he is going to contribute his experience in building one of the biggest and most respected Private Equity franchises with Fortune. Les will be driving our aggressive growth strategy forward."

Profile of FORTUNE Management Inc.:

FORTUNE Management Inc., Zug/Switzerland, is a private equity firm listed on the Frankfurt Stock Exchange. Its two business divisions are Private Equity Management and Principal Investments. Private Equity Management achieves consistent revenues from the management of specialised funds, whereas Principal Investments comprises direct investments (e.g. in bio-diesel manufacturer GATE or in the Swiss asset managers Fortune Wealth Management Group AG) with a view to capital gains. FORTUNE Management Inc. has subsidiaries in Zug, Zurich, Geneva, Luxemburg, Santiago de Chile, Wuerzburg and Vienna, as well as a branch establishment in Dubai. The company's shares (ISIN: USU 026281027) are listed in the General Standard segment of Frankfurt Stock Exchange (symbol: FM11) and on the DIFX in Dubai.

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ots Originaltext: Fortune Management Inc.
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Further inquiry note:

FORTUNE Management Inc.
Thomas Luber
Mobile +49-171-8311216
Bahnhofstrasse 10
P.O. Box 324
CH-6301 Zug

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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