EANS-Adhoc: shaPE Capital AG / New credit line and reduction of unfunded commitments

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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.
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credit line

12.03.2010

shaPE Capital AG ("shaPE") today announced that it has secured a CHF
12 million credit line and is about to sign agreements to sell three
partnership interests.

The credit line provides shaPE with a safety net in case capital
calls continue to outweigh distributions received. Additionally, the
sale of the three partnership interests will reduce unfunded
commitments by CHF 24 million from currently CHF 92 million (64% of
February 2010 NAV) to CHF 68 million (48% of February 2010 NAV). The
credit line and the reduced unfunded commitments provide a sound
basis for the continuation of the realization strategy that shaPE had
announced in September 2009.

Under the realization strategy shaPE aims to return the full value of
the portfolio (i.e. the current NAV) back to shareholders over time.
Depending on the assessment of the market environment, shaPE may hold
on to all or most of the existing commitments and harvest the
proceeds over several years to come or shaPE may decide to accelerate
the realization by selling fund investments on the secondary market.
Currently, shaPE intends to hold on to most of the underlying
commitments as the shareholder value generated through this approach
is expected to be higher compared to selling into the - although
improved - still not attractive secondary market. Both, the credit
line and the reduction of unfunded commitments put shaPE in a strong
position for an optimal execution of the realization strategy over
the next few years.

end of ad-hoc-announcement ==========================================
====================================== shaPE is a SIX Swiss
Exchange-listed investment company with exposure to a global private
equity portfolio built over the past years. In 2009 shaPE decided to
initiate a realization strategy with the ultimate goal to return the
intrinsic value of the current portfolio to its shareholders. Under
this realization strategy shaPE does not make any new commitments to
private equity funds, but focuses on harvesting the current portfolio
over the coming years. shaPE is listed on the SIX Swiss Exchange
under the ticker symbol “SHPN”.

end of announcement euro adhoc
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ots Originaltext: shaPE Capital AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Simon Lamprecht

shaPE Capital AG

Wolleraustrasse 41a

8807 Freienbach

Phone: +41 58 596 12 96

Fax: +41 58 596 12 97

E-mail: info@shape-capital.com

Internet: www.shape-capital.com

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