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