shaPE Capital AG

euro adhoc: shaPE Capital AG
quarterly or semiannual financial statement / shaPE with solid first half-year 2007 results

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6-month report


Pfaeffikon SZ, 31 August 2007 --- In the first half year of 2007 shaPE achieved continued solid results as illustrated by the 17.5% increase in the Net Asset Value per share to CHF 286.28. The share price gained during the same period 8.6% to CHF 264.00. The private equity portfolio generated a gross investment income of CHF 47.5 million which resulted in a net income of CHF 43.1 million.

The successfully completed capital increase in January this year enabled shaPE to selectively further develop the private equity portfolio. During the reporting period the investment ratio increased by 15 percentage points to 88% and collective new commitments totaled CHF 137.7 million. Of this figure CHF 66.1 million relate to a secondary transaction in June where shaPE acquired a diversified portfolio with brand name private equity partnerships which were basically launched between 2003 and 2005. In addition, shaPE made new primary commitments of collectively CHF 71.6 million whereas the main part was made to successor vehicles of existing fund managers of shaPE. Furthermore, new commitments were made to private equity managers in the distressed, special situations and Emerging Markets space to take advantage from the development in these areas.

For the second half of the year shaPE anticipates to make five to six additional commitments primarily to new funds of current fund managers. With a view to the current situation in the financial markets shaPE expects after several strong years a general slowdown of private equity transactions and anticipates more moderate future returns of the asset class.

shaPE Capital AG shaPE Capital AG is an investment company listed on the SWX Swiss Exchange that follows the principle of a fund of funds and provides access to private equity investments. Diversified by regions, industries and vintage years, shaPE invests in globally selected private equity companies.

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ots Originaltext: shaPE Capital AG
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Further inquiry note:
shaPE Capital AG
Florian Siegfried
Poststrasse 4
8808 Pfäffikon SZ
Tel:         +41/55/415'28'20

Branche: Financial & Business Services
ISIN:      CH0012885841
WKN:        765355
Börsen:  SWX Swiss Exchange / official dealing

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