GERMANY - DBAG reports favourable results

Deutsche Beteiligungs AG continued the strong performance recorded last year, posting a sizeable first quarter profit. In the first three months of the new 2005/2006 financial year (31 October), this private equity company achieved a consolidated profit of EUR 8.2m. First-quarter gains led to a rise in the net asset value (NAV) per share of EUR 0.49 to EUR 15.13; this represents an improvement of 3.3% in three months.