euro adhoc: Fortune Management Inc. / Restructuring & Recapitalisations / Reset of Warrants issued with 8.5% Subordinated Loan Note Renegotiations of 7% Partial Bond / Resignation of Member of the B

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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26.02.2008

Zug/Switzerland, February 26 2008 - FORTUNE Management Inc. (General
Standard, ISIN USU026281027; SIN: A0BLYY) informs that an agreement
has been reached with holders of a majority of the issued and
outstanding Subordinated Loan Notes to reset the exercise price of
the warrants issued 13 August 2007 (the "Subordinated Loan Note").The
reset is agreed now, based on the 60 day VWAP for the period ending 1
November 2008. The lowering of the reset price will be in a range not
less than EUR 1.00 and not more than EUR 1.90. In order to permit the
eventual exercise of the warrants issued with the Subordinated Loan
Note it may become necessary to request the approval of an increase
in the authorized common shares at our 2007 annual meeting, held in
June.

In addition the warrant expiration has been extended by two years to
31 December 2013. A number of other changes to the terms and
conditions of the Subordinated Loan Note are also being currently
negotiated. When finalized, these changes will be circulated to all
Subordinated Loan Note holders, and a 75% approval is required for
ratification.

This agreement was reached as part of a negotiation with certain
holders of the EUR 70 million Partial Bonds issued in April 2006, who
have demanded additional security and other provisions, as a result
of the issuance of the Subordinated Loan Notes. The negotiations of
an amendment to the Partial Bond agreement are continuing, and there
can be no assurance that they will be successfully concluded. Failure
to satisfactorily conclude such negotiations could lead to actions
that may endanger certain transactions and initiatives that are
currently underway and could have a material negative impact on the
Company´s financial viability.

In this context, Member of the Board Les Brun has submitted his
resignation, effective immediately. He cited the withdrawal of the
S-1 registration statement for the IPO of Global Alternative Asset
Management ("GAAM") and the implications of the above negotiations
for the future private equity initiatives undertaken by FMI under his
leadership.

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 specialized 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,
Würzburg, Vienna and the Bahamas, 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.

end of announcement euro adhoc
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ots Originaltext: Fortune Management Inc.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

FORTUNE Management Inc.

Thomas Luber

Phone +49 69 9441 8069

IR@fortune-management.com

Bahnhofstrasse 10

P.O. Box 324

CH-6301 Zug

Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Börsen: Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Frankfurt / regulated dealing/general standard