DGAP-Adhoc: Deutsche Beteiligungs AG: Consolidated loss of

Deutsche Beteiligungs AG / Preliminary Results

07.11.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Deutsche Beteiligungs AG expects to post a consolidated loss of
approximately 50 million euros for financial year 2007/2008 (1 November to
31 October), as shown by an initial unaudited calculation in conjunction
with the annual closing.

The loss is due to the recent deterioration of valuation multiples on the
capital markets. These multiples constitute a major basis for enterprise
valuations that Deutsche Beteiligungs AG performs in conformity with the
IFRS. Changes to these valuations are recorded through profit or loss at
each quarter. The consolidated loss would lead to a decline in net asset
value per share of about 3.65 euros to approximately 18.00 euros per share;
shares in Deutsche Beteiligungs AG were traded yesterday for 10.15 euros
(Xetra closing quotation).

The impact of current capital market conditions on the results of Deutsche
Beteiligungs AG is particularly evidenced by the value of its quoted
investment in the portfolio, Homag Group AG. This investment is valued at
its stock market quotation at each closing date. Over the course of the
financial year, the price of Homag shares fell from 28.14 euros to 9.07
euros. That equates to a negative valuation effect on the consolidated
result of about 48 million euros, of which 22 million euros are
attributable to the fourth quarter (1 August to 31 October). At 31 October
2008, the multiples used to value portfolio companies operating in the
mechanical and industrial engineering sectors were 40 percent lower than
the ones that were relevant a year ago; these multiples have plunged
particularly sharply since the credit market crisis began to peak in
mid-September. The portfolio companies have been affected to differing
degrees by current cyclical changes and implications of an upcoming
recession. In total, they still made good progress in 2008. This, however,
did not compensate the negative impact of the deterioration in valuation
conditions.

The expected consolidated loss for financial year 2007/2008 primarily stems
from unrealised value changes; it has no effects on the Companys high
level of liquidity totalling some 105 million euros.


Thomas Franke
Head of IR
Tel. +49 69 95787-307


DGAP 07.11.2008 
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Language:     English
Issuer:       Deutsche Beteiligungs AG
              Kleine Wiesenau 1
              60323 Frankfurt am Main
              Deutschland
Phone:        +49 (0)69 957 87-01
Fax:          +49 (0)69 957 87-199
E-mail:       welcome@deutsche-beteiligung.de
Internet:     www.deutsche-beteiligung.de
ISIN:         DE0005508105
WKN:          550810
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
              Freiverkehr in Berlin, Hamburg, München, Stuttgart
End of News                                     DGAP News-Service
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DGAP-Adhoc: Deutsche Beteiligungs AG: Consolidated loss of some 50 million euros in financial year 2007/2008 due to deteriorated stock market trend
