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shaPE Capital AG

EANS-Adhoc: shaPE Capital AG
Semi-annual results per 30 June 2010

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
6-month report/Semi-annual report
31.08.2010
shaPE Capital AG ("shaPE", the "Company") reports a comprehensive 
income of CHF 4.0 million for the first half-year 2010. As of 30 June
2010 the unaudited net asset value per share stood at CHF 184.33, 
which represents an increase by 7.5% over the first half-year. 
Although the share price increased by 31.3% over the period the 
shares still trade at a discount of 50.5% relative to the net asset 
value per share.
Over the first half-year shaPE concentrated its efforts on the 
further de-risking of the investment portfolio and the execution of 
the realization strategy. Besides the setup of a new CHF 12 million 
credit line shaPE sold three mainly unfunded limited partnership 
interests. Per 30 June 2010 total unfunded commitments amounted to 
CHF 66 million, representing a decrease of CHF 31 million or -32% vs.
year end. After the reporting date shaPE agreed on the sale of four 
additional partnership interests that will result in a further 
reduction of unfunded commitments by approx. CHF 10 million and at 
the same time will improve the liquidity.
Under the running share buyback program a total number of 69´275 own 
shares or 8.2% of total capital was repurchased throughout the 
period. As per 30 June 2010, holdings in own shares amounted to 
83´488 shares or 9.8% of total share capital. shaPE intends to 
continue its buyback activities as long as the discount remains at 
elevated levels. At the same time opportunistic sales of further fund
interests in the secondary market will be considered if such sales 
either entail a significant reduction in unfunded commitments or if 
they can be realized close to or at the intrinsic value. Nonetheless 
it is expected that the realization strategy will require several 
more years.
The full semi-annual report 2010 is available on 
www.shape-capital.com.
end of ad-hoc-announcement ==========================================
====================================== shaPE is a SIX Swiss 
Exchange-listed investment company with exposure to a global private 
equity portfolio built over the past years. In 2009 shaPE decided to 
initiate a realization strategy with the ultimate goal to return the 
intrinsic value of the current portfolio to its shareholders. Under 
this realization strategy shaPE does not make any new commitments to 
private equity funds, but focuses on harvesting the value of the 
current portfolio over the coming years. shaPE is listed on the SIX 
Swiss Exchange under the ticker symbol “SHPN”.
end of announcement                               euro adhoc

Further inquiry note:

Dr. Simon Lamprecht
shaPE Capital AG
Wolleraustrasse 41a
8807 Freienbach
Phone: +41 58 596 12 96
Fax: +41 58 596 12 97
E-mail: info@shape-capital.com
Internet: www.shape-capital.com

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

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Plus de actualités: shaPE Capital AG
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