euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen / Financial Figures/Balance Sheet / ALTA FIDES AG with successful first quarter in 2007 ALTA FIDES AG publishes report regarding 1st quarte

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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3-month report

22.05.2007

Stuttgart, 22 May 2007. During the first quarter of 2007, ALTA FIDES
AG Group (ISIN: DE000A0B7EZ7) achieved operating results (EBIT) to
the amount of EUR 4.08 million (Q1/2006: EUR 2.42 million) with a
total turnover and operating revenue of EUR 10.34 million (Q1/2006:
EUR 4.65 million). During the reporting period the profit
increased to EUR 2.95 million(Q1/2006: EUR 1.35 million) which
corresponds to net earnings of EUR 0.42 per share. With regard
to turnover and revenue the first quarter of 2007 was the best first
quarter ever in the history of the company.

This result has to be considered in view of the cyclical course of
the business operated by ALTA FIDES AG. On account of the course of
the projects the sales and revenue generated by the company are
traditionally much higher during the second half of the year. For
this reason, ALTA FIDES AG expects further increases with
regard to the total turnover and operating revenue as well as with
regard to profits for the coming quarters and confirms its budgeting
for the year.

These expectations are backed by a high demand in the new segment
of "micro-apartments". These are largely small apartments
created for students or professional commuters. The first two
projects of this kind have been commenced in Erlangen and Leipzig -
further ones are to follow in other university towns in Germany. The
new business segment of non-performing loans (NPL)operated by the
subsidiary PROFECTO AG also shows a positive development.

For further information please contact:

Norbert Ketterer
Management Board

Phone: +49 341 - 355 20 60
E-mail: Norbert.Ketterer@AltaFides.de

Alta Fides AG is quoted under ISIN DE000A0B7EZ7 in the floor trading
systems in Frankfurt/Main, Stuttgart, Berlin-Bremen and Düsseldorf as
well as in the electronic trading system of XETRA.

end of announcement euro adhoc 22.05.2007 07:09:39
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ots Originaltext: ALTA FIDES AG für Grundvermögen
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Norbert Ketterer
Vorstand
Tel.: +49 (0)341 35520690
E-Mail: ir@altafides.de

Branche: Real Estate
ISIN: DE000A0B7EZ7
WKN: A0B7EZ
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade