DEWB issues convertible bond in order to increase the investment funds

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Jena (euro adhoc) - The Management Board of DEWB AG (DEWB) has resolved, with
the consent of the Supervisory Board, to issue a convertible bond with an issue
volume of up to 20,000,000 euros. The bond will have a maturity of 5 years with
interest paid at 6.0 percent p.a. It will be divided into up to 20,000 part
convertible bonds each with a nominal value of 1,000 euros, entitling the
holders to convert them into DEWB shares at a price of 3.20 euros per share.
This corresponds to a conversion premium of approx. 25 percent based on the
average closing price of the preceding three trading days of the DEWB share on
the XETRA of 2.55 euros.

DEWB will use the funds raised from the issue to expand its investment activity.
This will enable new investment commitments to be made independently of exits
from the timing aspect. "Over recent years the majority of our liquidity has
been used for the rapid reduction of debt as well as the development of the
existing investment portfolio. Following the successful strengthening of the
balance sheet structure we can therefore once again make an active return to
investment activities with new commitments and utilize the attractive investment
opportunities within our technology focus" states Mirko Wäckerle, member of the
DEWB Management Board. "The issue of the convertible bond is a further step
towards the planned increase in the assets under management to more than 100
million euros and to make DEWB the leading independent investment capital
provider for companies in the areas of photonics and sensor systems", continues
Wäckerle.

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. To enable investors to
trade in the bonds on the stock market DEWB is applying for the convertible bond
to be authorized for trading in the Open Market of the Frankfurt Securities
Exchange.

The full terms and conditions of the convertible bond is expected to be
published within the framework of the subscription rights offering to
shareholders, 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).

About DEWB
Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB AG, Prime
Standard, Securities No.: 804100 / ISIN: DE0008041005) is an investment company
that specialises in young and established medium-sized companies. The focus of
our investments is on strong growth companies from the areas of photonics and
sensor systems for which we provide support through shareholders´ equity,
expertise in corporate development and our sector network. Our regional focus
lies in the German speaking countries (D, A, CH). Since 1997 we have invested
more than 300 million Euros in 53 companies and realized more than 400 million
Euros through 33 exits, eight of which were in the form of IPOs. The company is
located in Jena, one of the most successful technology and science regions in
Germany, with a long tradition in the field of optical technologies and one of
the most important European centres for photonics.

Further inquiry note:
Mirko Wäckerle
DEWB AG
Phone: +49 (0) 3641 573 3600
Fax: +49 (0) 3641 573 3610
E-Mail: ir@dewb-vc.com
www.dewb-vc.com

end of announcement euro adhoc 13.09.2007 10:12:03
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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

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