Scandinavian Private Equity A/S - Interim Report for the period 10 November 2006 - 30 April 2007

Stock exchange announcement no 7/2007

Copenhagen, 20 June 2007

Interim Report for the period 10 November 2006 - 30 April 2007

The Board of Directors of Scandinavian Private Equity A/S (SPEAS) has
today considered and approved the Company's Interim Report, of which
the following main points should be highlighted:

Since the IPO in February 2007, SPEAS has made investment commitments
to an additional two private equity funds, Industri Kapital 2007 and
Litorina Kapital III. Inclusive of the commitment already made to the
fund EQT V, the Company's investment commitments to date total
approximately DKK 565m.

The management company Scandinavian Private Equity Partners A/S is
currently considering several attractive private equity funds.
Combined with the investment commitments already made, this has now
caused SPEAS to expect a slightly faster commitment rate than
previously, which the Board of Directors finds highly positive given
the prospects that SPEAS's capital may be invested in private equity
funds sooner than anticipated.

Net profit for the period came to DKK 257,000, which is considered
satisfactory.

Equity stood at DKK 974.2m at 30 April 2007, corresponding to a book
value per share of DKK 19,465. The changes in equity for the period
were affected by the IPO. Total issuance and prospectus costs
incurred in connection with the IPO amounted to DKK 27.0m, which has
been recognised directly against equity.

SPEAS still expects positive results for the first full financial
year ending on 31 January 2008 in the range of DKK 20-40m. As a
result of higher commitment and investment rates and a lower return
on excess liquidity in the period up to 30 April 2007 than originally
assumed in the Company's budget forecast, earnings are expected to be
at the lower end of the range.


For further information, please contact:
Ole Mikkelsen, CEO, tel +45 70 25 10 55, mobile +45 30 66 96 30


Yours sincerely
Scandinavian Private Equity A/S

Jens Erik Christensen          Ole Mikkelsen
Chairman                            Chief Executive Officer