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Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Restructuring & Recapitalisations
Reset of Warrants issued with 8.5% Subordinated Loan Note Renegotiations of 7% Partial Bond
Resignation of Member of the Board

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
26.02.2008
Zug/Switzerland, February 26 2008 - FORTUNE Management Inc. (General 
Standard, ISIN USU026281027; SIN: A0BLYY) informs that an agreement 
has been reached with holders of a majority of the issued and 
outstanding Subordinated Loan Notes to reset the exercise price of 
the warrants issued 13 August 2007 (the "Subordinated Loan Note").The
reset is agreed now, based on the 60 day VWAP for the period ending 1
November 2008. The lowering of the reset price will be in a range not
less than EUR 1.00 and not more than EUR 1.90. In order to permit the
eventual exercise of the warrants issued with the Subordinated Loan 
Note it may become necessary to request the approval of an increase 
in the authorized common shares at our 2007 annual meeting, held in 
June.
In addition the warrant expiration has been extended by two years to 
31 December 2013. A number of other changes to the terms and 
conditions of the Subordinated Loan Note are also being currently 
negotiated. When finalized, these changes will be circulated to all 
Subordinated Loan Note holders, and a 75% approval is required for 
ratification.
This agreement was reached as part of a negotiation with certain 
holders of the EUR 70 million Partial Bonds issued in April 2006, who
have demanded additional security and other provisions, as a result 
of the issuance of the Subordinated Loan Notes. The negotiations of 
an amendment to the Partial Bond agreement are continuing, and there 
can be no assurance that they will be successfully concluded. Failure
to satisfactorily conclude such negotiations could lead to actions 
that may endanger certain transactions and initiatives that are 
currently underway and could have a material negative impact on the 
Company´s financial viability.
In this context, Member of the Board Les Brun has submitted his 
resignation, effective immediately. He cited the withdrawal of the 
S-1 registration statement for the IPO of Global Alternative Asset 
Management ("GAAM") and the implications of the above negotiations 
for the future private equity initiatives undertaken by FMI under his
leadership.
Profile of FORTUNE Management Inc.: FORTUNE Management Inc., 
Zug/Switzerland, is a publicly listed private equity firm. Its two 
business divisions are Private Equity Management and Principal 
Investments. Private Equity Management achieves consistent revenues 
from the management of specialized 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, Rotterdam, 
Würzburg, Vienna and the Bahamas, as well as a branch in Dubai. The 
company´s shares (ISIN: USU 026281027) are listed in the General 
Standard segment of Frankfurt Stock Exchange (symbol: FMI1) and on 
the DIFX in Dubai.
end of announcement                               euro adhoc

Further inquiry note:

FORTUNE Management Inc.
Thomas Luber
Phone +49 69 9441 8069
IR@fortune-management.com
Bahnhofstrasse 10
P.O. Box 324
CH-6301 Zug

Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Börsen: Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Frankfurt / regulated dealing/general standard

Plus de actualités: Fortune Management Inc.
Plus de actualités: Fortune Management Inc.