Deutsche Beteiligungs AG announces capital increase

With the consent of the supervisory board, the board of management of Deutsche Beteiligungs AG resolved a capital increase with subscription rights for shareholders (excluding subscription rights for fractional amounts). The proceeds from the capital increase will serve to strengthen the equity base and, thus, primarily to finance investment opportunities that arise in the future. A syndicate led by Sal Oppenheim jr & Cie KGaA and Cazenove AG will underwrite the 4,666,667 new shares. A further underwriting bank is Landesbank Baden-Württemberg (LBBW). Shareholders are entitled to one new share for three DBAG shares held at a subscription price of E11.00. The new issue will raise the subscribed capital of E36.4m by E12.1m to E48.5m. Based on the issue price, the inflow of new funds is anticipated to reach some E51.3m, less issue-related costs. The new shares will carry full dividend rights for the 2003/2004 financial year.

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• GPs
• DACH