Company announcement no 2 2010/11 Copenhagen, 19 April 2010 Annual Report for the financial year 2009/10 Profit for the financial year 2009/10 came to DKK 126.0m. Equity stood at DKK 780.4m, corresponding to a book value per share of DKK 16,071. The Board of Directors of Scandinavian Private Equity A/S (SPEAS) has today considered and approved the Company's Annual Report for the financial year 2009/10, which ended on 31 January 2010. The Annual Report contains the following highlights: § SPEAS's investments through private equity funds amount to DKK 449m, and the uncalled proportion of the Company's investment commitments to private equity funds totals approximately DKK 419m, which the funds may invest in new companies over the next few years. § In addition, SPEAS has invested DKK 54m in listed shares in private equity companies and deposited DKK 277m with Danish banks. § The Company recorded a net profit of DKK 126.0m for the year. Investments through private equity funds were revalued by DKK 84.4m, and the portfolio of listed shares in private equity companies generated a total positive return of DKK 38.7m. Following the placement of cash, net financials totalled DKK 9.3m. § Equity stood at DKK 780.4m at 31 January 2010, equal to a book value per share of DKK 16,071 against a quoted price of DKK 10,900 at 16 April 2010. § In the financial year, SPEAS bought back another 1,337 own shares totalling DKK 9.8m, as the share price was considered attractive compared with the Company's other investment alternatives. § Since the end of the financial period, SPEAS's portfolio of listed shares in private equity companies has generated a positive return of DKK 5.9m, equal to DKK 122 per share. § SPEAS forecasts a profit in the range of DKK 15m-35m for the financial year 2010/11 ending on 31 January 2011. The results for the year will depend on the development in 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 CEO [HUG#1405211]