DGAP-News: Enterprise Holdings Limited: Significantly positive result in first half of fiscal year: EBITDA profit of GBP +4.4m Outlook: profitable fiscal year 2015/16

DGAP-News: Enterprise Holdings Limited / Key word(s): Half Year Results/Bond
Enterprise Holdings Limited: Significantly positive result in first half of
fiscal year: EBITDA profit of GBP +4.4m Outlook: profitable fiscal year
2015/16

16.12.2015 / 15:53
The issuer is solely responsible for the content of this announcement.

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Significantly positive result in first half of fiscal year: EBITDA profit
of GBP +4.4m
Outlook: profitable fiscal year 2015/16

Financial figures summary
The past business half-year ending 30 September 2015 brought a decreased
volume of premiums which changed from GBP 73.5 million in the previous year
by 18.3% to GBP 60.0 million. The technical account that reflects the
operational insurance business is GBP +8.4 million (previous year: GBP +9.0
million). Adding the charges from the non-technical account the Group
results show a positive EBITDA of GBP +4.4 million (previous year: GBP +6.1
million) for the first six months of the current financial year.

The net cash outflow in the first six months from April to September 2015
from operating activities was GBP 5.7 million (previous year: GBP 11.3
million). This reflects the insourcing of the claims handlings activities
and the acceleration of the claims cycle.

For the first time the consolidated figures include the additional
activities that came to the group, like claims handling management,
insurance brokerage, underwriting and underwriting advisory. The major
positive effects from the new legal entities will be seen in the results of
the second half of current fiscal year.

Outlook for fiscal year 2015/16
Andrew Flowers, CEO of Enterprise Holdings: "The results from the first six
months of the current fiscal year show that the Group operates profitable.
We settle claims quicker and we have booked sufficient reserves to our
balance sheet which makes us being well prepared for the future. A number
of highly profitable distribution businesses are brought into the Group
adding significant value and ultimately providing the potential to achieve
significant economies of scale through centralisation of some functions.
With the new businesses under the roof of the Holding we have shaped a
vertically integrated niche insurance Group for the future. In addition the
measures we have already started should contribute to significant
profitability for the Group in the current financial year."

Service
The non-audited half-year Group statements as of 30 September 2015 are
available on the company's website www.enterprise-holdings.de
Disclosure of the 9-months interim accounts is scheduled for end of January
2016.

End of corporate news

Enterprise Holdings Ltd. Group - an owner-lead insurance firm
Lead by its founder the company holds several other subsidiaries together
with affiliated service companies. The Group offers independent white label
general insurance solutions, apart from life insurance products. The
affiliated companies deliver insurance specific auditing services as well
as administrative and marketing services. The Group focuses its activities
on high-yield niches within the European general insurance market. The main
category of the offered insurances is in the field of automobile damage and
third party insurance, legal costs insurance, household contents insurance
and guarantees. Main markets are currently the United Kingdom, France,
Greece and Italy.

Bond issue 2015/20
Since 30 March 2015 the Enterprise Holdings' corporate bond 2015/20 is
listed in the Entry Standard segment at Boerse Frankfurt (International
Security Identification Number (ISIN): DE000A1ZWPT5). In March 2015 the
bond received a BBB+ rating from Creditreform Rating AG. The first
follow-up rating is scheduled for end of January 2016.

Bond issue 2012/17
Enterprise Holdings' corporate bond 2012/17 is listed in the Entry Standard
segment at Boerse Frankfurt (International Security Identification Number
(ISIN): DE000A1G9AQ4) since 26 September 2012. The follow-up rating from
Creditreform Rating AG in 2015, 2014, as well as in 2013, confirmed the A -
rating that has been achieved in August 2012 when Enterprise Holdings
issued a 35m euro bond. During the exchange offer that ended 26 March 2015,
holders of the bond exchanged 6.3m euro into the new bond 2015/20.
Additionally in October 2015 the company redeemed Euro 9.2m bonds from an
investment fund. Therefore the total volume of the bond 2012/17 currently
is Euro 19.5m euro.

For more information about the bonds please visit our website, especially
the sections "Bond 2015/20" and "Bond 2012/17" at
www.enterprise-holdings.de

Bond Investor Relations / Press
Please direct all your requests to:
max. Equity Marketing GmbH, Maximilian Fischer, Marienplatz 2, 80331
Munich, Germany
Tel: +49 89 139 28890
E-Mail: ir@enterprise-holdings.de


IMPORTANT NOTE - Disclaimer
Prospective investors of the Securities should recognise that the
Securities constitute a risk investment, which can lead to a total loss of
their investment in the Securities. Potential investors must therefore be
prepared and able to sustain a partial or even a total loss of the invested
capital. Any investors interested in purchasing the Securities should
assess their financial situation, to ensure that they are in a position to
bear the risks of loss connected with the Securities. Therefore, please
contact your credit and securities institutions. The admissibility of the
acquisition of a security may at various conditions, especially your
nationality be bound. Please inform yourself before an investment.

This information does not constitute an offer to sell or a solicitation of
an offer to purchase any securities of Enterprise Holdings Limited
("issuer"). A decision on an investment in the securities of the issuer may
only be made on the basis of the securities prospectus ("prospectus") which
is approved by the Federal Financial Supervisory Authority (BaFin) and is
published on the website www.enterprise-holdings.de. Only the information
contained in the prospectus is binding in connection with the offer.

This information may not be disseminated outside of Germany and Austria, in
particular not in the United States, to US Persons according to regulation
S of the US Securities Act of 1933 or to publications with a general
circulation in the United States. Any person who fails to comply with these
restrictions may violate the security laws of certain jurisdictions, in
particular of the United States. Bonds in Enterprise Holdings Limited are
not publicly offered outside of Germany and Austria. The Notes will not be
registered under the Securities Act of 1933, or any applicable state or
foreign securities laws, and are subject to substantial restrictions on
transfer. In particular, the Notes may not be offered or sold in the U.S.,
or to or for the benefit of U.S. persons, absent registration under the
Securities Act or an applicable exemption from the registration
requirements of the Securities Act.
The securities mentioned in this press release are not being and will not
be offered for sale to the public in the United States, Australia, Canada
and Japan.


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16.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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424329 16.12.2015