euro adhoc: Fortune Management Inc. / Mergers - Acquisitions - Takeovers / Fortune acquires the Geneva-based Asset Management Company Van Daalen and increases its Assets under Management to over CHF 1.5 billion (E)

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Zug/Switzerland, May 11th, 2007 - Fortune Management Inc. (General Standard, ISIN USU026281027, USU026281365, USU026281779; SIN: A0BLYY, A0ETG9, A0JC62) through its subsidiary FORTUNE Wealth Management AG has acquired the asset management firms Van Daalen & Cie. SA in Geneva, Switzerland, and Van Daalen International Ltd in Nassau, Bahamas.

Van Daalen manages over CHF 650 million in private client funds world-wide. The companies were founded in 1991 (Geneva) and 2000 (Nassau), and primarily advise traditional European high net worth individuals. The acquisition in the Bahamas must still be approved by the relevant local authorities.

The Van Daalen Companies will be part of the FORTUNE Wealth Management Group AG. With its current majority holdings in eight asset managers, the group now manages over CHF 1.5 bn in client assets. Dr. Peter Moertl, CEO of the FORTUNE Wealth Management Group AG, will serve as the Chairman of the Board of both companies. Both entities, which are highly profitable, will be able to contribute significantly to the net result of the Wealth Management Group.

With the acquisition of the Van Daalen Group, FORTUNE further substantiates its strategy to advance FORTUNE Wealth Management AG as one of the leading platforms for the consolidation of independent asset managers. This concept, which was launched nearly three years ago, concentrates on providing solutions to succession planning, as well as on realizing economies of scale in the investment management, while simultaneously maintaining each individual asset manager´s independent market appearance and brand.

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René Müller, CEO FORTUNE Management Inc., comments: "This transaction is a significant milestone in the development of FORTUNE Wealth Management Group AG. The firm has now achieved the critical size, which allows it to target even more substantial transactions and to reach the goals it has set for itself according to plan. On the FORTUNE Management level, we will also be able to greatly benefit from the global experience of Van Daalen´s CEO Xavier Gonzales-Florenzano and his team."

"With FORTUNE we have found a partner, who, with his positioning and range of offerings, can provide our clients with additional leverage. The sophisticated IT platform and the exceptionally well performing range of products from FORTUNE create critical and additional client benefits", according to Xavier Gonazales-Florenzano, CEO Van Daalen Group.

Dr. Peter Moertl, CEO FORTUNE Wealth Management Group AG, says: "On one hand, with Van Daalen FORTUNE immediately gains a strong position in the international financial market in Geneva. On the other hand, Van Daalen strengthens the growing portfolio of FORTUNE Wealth Management in a meaningful way and sets the stage for further growth potential."

Profile of FORTUNE Management Inc.:
FORTUNE Management Inc., Zug/Switzerland, is a publicly listed private equity firm. Its two business divisions are Private Equity Management and Principal Investments. Private Equity Management achieves consistent revenues from the management of specialised funds, whereas Principal Investments comprises direct investments (e.g. in bio-diesel manufacturer GATE or in the Swiss asset managers Fortune Wealth Management Group AG) with a view to capital gains. FORTUNE Management Inc. has subsidiaries in Zug, Zurich, Geneva, Luxemburg, Rotterdam, Santiago de Chile, Würzburg and Vienna, as well as a branch in Dubai. The company´s shares (ISIN: USU 026281027) are listed in the General Standard segment of Frankfurt Stock Exchange (symbol: FMI1) and on the DIFX in Dubai.

FORTUNE Management Inc.
Hubertus Väth
Phone +49 69 9441 8081
Bahnhofstrasse 10
P.O. Box 324
CH-6301 Zug

Further inquiry note:
Michael Staab
New Mark Finanzkommunikation
Tel.: +49(0)69 94418097

end of announcement euro adhoc

emitter: Fortune Management Inc.
Bahnhofstr. 10
CH-6301 Zug
phone: +41 (41) 7271040
FAX: +41 (41) 7271041
sector: Financial & Business Services
ISIN: USU026281027
stockmarkets: free trade: Börse Berlin-Bremen, Baden-Württembergische Wertpapierbörse, Börse Düsseldorf, regulated dealing/general standard: Frankfurter Wertpapierbörse
language: English