Stock exchange announcement no 8/2007 SPEAS welcomed by attractive private equity funds - investment commitment rate higher than expected The Board of Directors of Scandinavian Private Equity A/S (SPEAS) has today considered and approved the Company's Interim Report. The Interim Report has not been audited and contains the following highlights: SPEAS has been welcomed by reputable managers of attractive private equity funds and has since the IPO in February 2007 made investment commitments of around DKK 565m to three private equity funds: EQT V, Industri Kapital 2007 and Litorina Kapital III. Of the total commitments, an amount of DKK 100m has been invested to date. The management company Scandinavian Private Equity Partners A/S is currently considering potential investments in several attractive private equity funds, and SPEAS expects to announce additional commitments shortly. Combined with the investment commitments already made, this indicates that SPEAS will have invested its capital in full through private equity funds sooner than expected. The Company recorded a net loss for the period of DKK 2.4, which is considered acceptable. Following the placement of excess liquidity, net financials totalled DKK 8.5m. This amount includes a negative, unrealised market value adjustment of DKK 5.3m on the portfolio of listed private equity companies due to the turmoil in financial markets. Equity stood at DKK 971.6m at 31 July 2007, equal to a book value per share of DKK 19,412 against a quoted price of DKK 16,500 at 19 September 2007. Due to a higher commitment and investment rate than previously forecasted and a negative market value adjustment of the Company's shareholdings of listed private equity companies resulting from the financial market turmoil, SPEAS now expects results for the first financial year ending on 31 January 2008 to range between a loss of DKK 15m and a loss of DKK 5m against a forecast profit of DKK 10-20m previously. The net result will depend on the development in the financial markets. 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