DEWB sells its stake in 4flow AG

Takeover of 4flow AG by the management

Sale impacts on the financial result for 2007

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investments/4flow AG

Jena (euro adhoc) - Jena/Berlin, 18 February 2008 - Deutsche
Effecten- und Wechsel- Beteiligungsgesellschaft AG (DEWB) has sold
its shareholding in 4flow AG 4flow), Berlin, to the company´s
management. The purchase price for the 44.4 percent investment
totaled 6.5 million euros. The purchase price will be paid in several
tranches and affect sales revenues for the 2007 business year in the
discounted sum of 5.6 million euros. The disposal of the shareholding
provided a significant contribution to earnings. The companies also
concluded an enhancement agreement which will lead to a subsequent
increase in the purchase price if the underlying corporate plan is
exceeded. This gives DEWB the opportunity to participate in the
continuing potential of 4flow to create added value.

"We are pleased that the sale of 4flow has enabled us to realize
another of the exits that we announced to take place in 2007. With a
valuation of approx. 15 million euros, a figure that represents 20
times the operating result and 2.5 times the 2007 sales, we have
successfully achieved higher than average proceeds from this exit.
Markedly lower multiples of around seven and one respectively are
being reached for comparable transactions," explains Bertram Köhler,
Member of the DEWB Management Board. "This exit is further proof of a
successful and value-enhanced disposal of investment holdings which
do not form part of our technology focus on photonics and sensor
systems," continues Köhler.

DEWB had held a stake in 4flow since 2000. Over the past years the
company has successfully established itself as a leading provider of
logistics consulting and supply chain management software. Based on
the business model and its strong dependency on key individuals an
owner-managed company offered the best structure for 4flow. The
corresponding desire of the management to effect a full takeover of
the company by way of a Management Buyout (MBO) opened up an
attractive exit opportunity for DEWB.

DEWB will be announcing the figures for the 2007 business year with
the publication of its Annual Report on 28 February 2008.

About 4flow The Berlin/Germany based 4flow AG is leading provider of
logistics consulting and supply chain management software. 4flow
consulting offers one-stop management consulting, concept creation
and support in the implementation of logistics and supply chain
management. 4flow vista is the standard software for supply chain
design and optimisation. 4flow turn is the webbased standard software
for inventory optimisation.

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 35 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.

end of announcement euro adhoc
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ots Originaltext: Deutsche Effecten- und Wechsel-Beteiligungsges. AG (DEWB)
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Marco Scheidler

DEWB AG

Phone: +49 (0) 3641 573 3600

Fax: +49 (0) 3641 573 3610

E-Mail: ir@dewb-vc.com

www.dewb-vc.com

Branche: Financial & Business Services
ISIN: DE0008041005
WKN: 804100
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse München / free trade