EANS-Adhoc: shaPE Capital AG / Implementation of realization strategy

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

16.09.2009

shaPE Capital AG ("shaPE") today announced the implementation of a
realization strategy. This realization strategy is designed to return
the value of its portfolio to shareholders over time.

The substantial discrepancies between the portfolio value and the
share price are a significant disadvantage for the shareholder and -
coupled with the limited liquidity - do not allow a respective
realization of the intrinsic investment value in shaPE. As the
structural concept "liquidity in an illiquid asset class" has failed
in the recent stress scenario, the board of shaPE came to the
conclusion that a listed evergreen structure for a private equity
fund of funds will also in the future - and even with narrowed
discounts - not allow the shareholder to capture the real value of
his investment. Therefore and after consideration of various
alternative options, the board determined that a realization strategy
is in the best interest of shareholders.

Under the realization regime, shaPE will not make any new
commitments, but will fulfill future capital calls of the existing
portfolio. As the portfolio then turns cash flow positive over time,
shaPE will return capital to shareholders. The return of capital will
be done through further share buy backs, reduction of nominal value,
return of agio and other means. shaPE presently intends to pursue
this realization strategy until the full value has been returned to
shareholders. Potentially and after careful consideration of the
conditions of the financial markets, shaPE will also consider
accelerating the realization strategy through selected secondary
sales. shaPE reserves the right to discontinue the realization
strategy and switch to another appropriate strategy.

In light of the realization strategy, shaPE also examined its
structure. The board searched for a cost-efficient, transparent and
effective solution for the investment advisory and management as well
as secretarial and administrative functions. The board also wanted to
secure stability and continuity.

Starting 1 October 2009, the investment management and advisory
function will be reassumed by Julius Baer Group who has been the
original sponsor of shaPE. Simon Lamprecht, company secretary of
shaPE, will transfer to Julius Baer Group, where he will continue to
be responsible for various functions for shaPE. Beat Buehlmann will
continue to serve as chairman of shaPE; he will be retained as an
advisor by Julius Baer Group. With the appointment of Julius Baer
Group and the continuation of the responsible individuals, the board
is convinced to have selected the optimal structure for the execution
of the realization strategy.

end of ad-hoc-announcement ==========================================
=====================================") shaPE Capital AG (“shaPE”) is
an investment company domiciled in Pfaeffikon SZ that follows the
principle of a fund of funds and provides access to private equity
investments with daily liquidity. Diversified by regions, investment
stages and vintage years, shaPE invests in globally selected private
equity companies. shaPE was founded in 2001 and is listed on the SIX
Swiss Exchange under the ticker symbol “SHPN”.

Ende der Mitteilung euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: shaPE Capital AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Simon Lamprecht

shaPE Capital AG

Poststrasse 4

8808 Pfäffikon SZ

Tel: +41/55/415'28'20

E-Mail: simon.lamprecht@horizon21.com

Internet: www.shape-capital.com

Branche: Financial & Business Services
ISIN: CH0012885841
WKN: 765355
Börsen: SIX Swiss Exchange / official dealing