Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

12.12.2006

Lloyd Fonds AG, one of the leading arrangers of closed-end funds, is
the investment advisor for the world’s first open-end ship fund. In
this way, the Company is entering a new area of business. The fund is
being established by a bank as a SICAV in accordance with Luxembourg
law with a daily right of redemption. It will indirectly acquire,
operate and sell merchant ships, which will be managed by Lloyd Fonds
AG.

end of announcement                               euro adhoc 12.12.2006 19:28:51

Further inquiry note:

Götz Schlegtendal
+49 (0)40 325678-148
schlegtendal@lloydfonds.de

Branche: Economy, Business & Finance
ISIN: DE0006174873
WKN: 617487
Index: CDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Hamburger Wertpapierbörse / free trade