euro adhoc: Deutsche Effecten- und Wechsel-Beteiligungsges. AG / Capital measures / DEWB AG resolves to issue a convertible bond (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

12.09.2007

The Management Board of Deutschen Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB) has today resolved, with the consent of the Supervisory Board, to issue a convertible bond in the total nominal sum of up to 20,000,000 euros. The company is therefore making partial use of the authorization granted by the Annual General Meeting dated May 26, 2004 which remains in force up to May 25, 2009.

The convertible bond will have a maturity of 5 years, with a coupon of 6.0 percent and a conversion price of 3.20 euros. This corresponds to a conversion premium of approx. 25 percent based on the average closing price of the DEWB share on the XETRA of 2.55 euros. The convertible bond is to be divided into up to 20,000 part convertible bonds each with a nominal value of 1,000 euros. The conversion ratio, i.e. the amount of shares to be delivered in case of a conversion, results from the division of the nominal value by the conversion price. The bond is expected to be offered to DEWB shareholders for subscription from September 17, to October 1, 2007 within the framework of a subscription rights issue. For each 1,523 shares two part convertible bonds can be purchased at the price of 1,000 EUR each. No public offering will be made. Part convertible bonds not subscribed by shareholders will be offered by quirin bank AG to institutional investors under the same terms and conditions. The issue will be assisted by quirin bank AG and Close Brothers Seydler AG.

The main terms and conditions of the convertible bond will be notified to the company´s shareholders by way of a subscription offer. The subscription offer is expected to be published on Thursday September 13, 2007 on the company´s Homepage and in the "Börsenzeitung" as well as on Friday September 14, 2007 in the electronic "Federal Gazette" (Bundesanzeiger). The definitive bond conditions can be obtained from the company (Leutragraben 1, D-07743 Jena) and quirin bank AG (Kurfürstendamm 119, D-10711 Berlin) and are also available at www.dewb-vc.com.

The proceeds from the issue are to be used to increase the company´s investment funds in order to make future investments independent of the inflows from investment sales from the timing aspect and consequently enable it to take advantage of an increasing number of investment opportunities.

Further inquiry note:
Mirko Wäckerle
Tel.: +49 (0) 3641 573-3600
E-Mail: ir@dewb-vc.com

end of announcement euro adhoc

emitter: Deutsche Effecten- und Wechsel-Beteiligungsges. AG Leutragraben 1
D-07743 Jena
phone: +49 (0)3641 573 3600
FAX: +49 (0)3641 573 3610
mail: ir@dewb-vc.com
WWW: http://www.dewb-vc.com
sector: Financial & Business Services
ISIN: DE0008041005
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: official dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Stuttgart, Börse München language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS | OTB0014