Deutsche Effecten- und Wechsel-Beteiligungsges. AG

DEWB issues convertible bond in order to increase the investment funds

·Issue volume of up to 20 million euros ·Further step along the way to becoming a leading independent investment capital provider for photonics and sensor systems

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Jena (euro adhoc) - The Management Board of DEWB AG (DEWB) has resolved, with the consent of the Supervisory Board, to issue a convertible bond with an issue volume of up to 20,000,000 euros. The bond will have a maturity of 5 years with interest paid at 6.0 percent p.a. It will be divided into up to 20,000 part convertible bonds each with a nominal value of 1,000 euros, entitling the holders to convert them into DEWB shares at a price of 3.20 euros per share. This corresponds to a conversion premium of approx. 25 percent based on the average closing price of the preceding three trading days of the DEWB share on the XETRA of 2.55 euros.

DEWB will use the funds raised from the issue to expand its investment activity. This will enable new investment commitments to be made independently of exits from the timing aspect. "Over recent years the majority of our liquidity has been used for the rapid reduction of debt as well as the development of the existing investment portfolio. Following the successful strengthening of the balance sheet structure we can therefore once again make an active return to investment activities with new commitments and utilize the attractive investment opportunities within our technology focus" states Mirko Wäckerle, member of the DEWB Management Board. "The issue of the convertible bond is a further step towards the planned increase in the assets under management to more than 100 million euros and to make DEWB the leading independent investment capital provider for companies in the areas of photonics and sensor systems", continues Wäckerle.

The bond is expected to be offered to DEWB shareholders for subscription from September 17, to October 1, 2007 within the framework of a subscription rights issue. For each 1,523 shares two part convertible bonds can be purchased at the price of 1,000 EUR each. No public offering will be made. Part convertible bonds not subscribed by shareholders will be offered by quirin bank AG to institutional investors under the same terms and conditions. The issue will be assisted by quirin bank AG and Close Brothers Seydler AG. To enable investors to trade in the bonds on the stock market DEWB is applying for the convertible bond to be authorized for trading in the Open Market of the Frankfurt Securities Exchange.

The full terms and conditions of the convertible bond is expected to be published within the framework of the subscription rights offering to shareholders, on Thursday September 13, 2007 on the company´s Homepage and in the "Börsenzeitung" as well as on Friday September 14, 2007 in the electronic "Federal Gazette" (Bundesanzeiger).

About DEWB Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB AG, Prime Standard, Securities No.: 804100 / ISIN: DE0008041005) is an investment company that specialises in young and established medium-sized companies. The focus of our investments is on strong growth companies from the areas of photonics and sensor systems for which we provide support through shareholders´ equity, expertise in corporate development and our sector network. Our regional focus lies in the German speaking countries (D, A, CH). Since 1997 we have invested more than 300 million Euros in 53 companies and realized more than 400 million Euros through 33 exits, eight of which were in the form of IPOs. The company is located in Jena, one of the most successful technology and science regions in Germany, with a long tradition in the field of optical technologies and one of the most important European centres for photonics.

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ots Originaltext: Deutsche Effecten- und Wechsel-Beteiligungsges. AG
Im Internet recherchierbar:

Further inquiry note:
Mirko Wäckerle
Phone: +49 (0) 3641 573 3600
Fax: +49 (0) 3641 573 3610

Branche: Financial & Business Services
ISIN:      DE0008041005
WKN:        804100
Index:    CDAX, Classic All Share, Prime All Share
Börsen:  Börse Frankfurt / official dealing/prime standard
              Börse Berlin / free trade
              Börse Stuttgart / free trade
              Börse München / free trade

Weitere Meldungen: Deutsche Effecten- und Wechsel-Beteiligungsges. AG

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