EANS-News: C-QUADRAT Investment AG / Half Year Results 2011 of C-QUADRAT Investment AG

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6-month report

Vienna / Frankfurt (euro adhoc) - • Strong increase in management
fees from EUR 16.2 million to EUR 23.2 million • Personnel expenses
reduced from EUR 4.6 million to EUR 3.8 million • Net profit for the
period amounts to EUR 2.0 million

In the first half of 2011, C-QUADRAT Investment AG (ISIN
AT0000613005) realized a net profit for the period of EUR 2.0
million. The strong increase in management fees, from EUR 16.2
million to EUR 23.2 million (+ 43%), is a particularly positive
result. The management fees are the fees charged for the continuous
management of investment funds. The management fees represent the
basis of an asset manager´s revenue structure and are the most
important indicator for the long-term earnings power of the Company.

Besides the growth in assets under management, this strong increase
in management fees is mainly attributable to the replacement of
institutional assets with retail assets offering higher margins. The
significantly higher management fees in the first half of 2011
represent a crucial improvement in the Company´s long-term earnings
power.

In last year´s semi-annual report, C-QUADRAT previously indicated
that the amount of the performance fees may be subject to significant
fluctuations, which are also dependent on current stock market
events. Due to the weak and volatile stock market environment
triggered by the events in Japan and the international debt crisis,
performance fees fell in the first half of 2011 from EUR 9.8 million
to EUR 0.2 million. C-QUADRAT earns these fees when the investment
funds under its management achieve a positive performance beyond a
high watermark. These performance fees accordingly fluctuate strongly
from quarter to quarter.

Personnel expenses dropped from EUR 4.6 million to EUR 3.8 million
during the first half of 2011. Other administrative expenses
increased from EUR 2.5 million to EUR 2.6 million. Net profit for the
period under review amounts to EUR 2.0 million (2010: EUR 8.5
million).

C-QUADRAT founder and management board member Alexander Schütz
comments: "We were able to generate good results particularly in the
retail segment and therefore have high recurring revenues. Thus, we
are in a better position than ever before. Successful asset managers
can realize extremely strong results in good stock market
environments. But it´s more important to achieve good results in a
challenging stock market environment as well. We were able to do just
that in the first half of 2011. Despite difficult market
environments, we believe that we are well positioned for the second
half of the year, during which we plan to launch several new and
innovative funds on the market."

The half year report of C-QUADRAT Investment AG for 2011 can be
downloaded immediately from the Investor Relations area on the
website www.c-quadrat.at.

Further inquiry note:
Mag. Andreas Wimmer
Member of the Board
C-QUADRAT Investment AG
Stubenring 2
A-1010 Vienna
Tel.: +43 1 515 66 316
E-mail: a.wimmer@investmentfonds.at
www.c-quadrat.com

end of announcement euro adhoc
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company: C-QUADRAT Investment AG
Stubenring 2
A-1010 Wien
phone: +43 1 515 66-0
FAX: +43 1 515 66-159
mail: c-quadrat@investmentfonds.at
WWW: www.c-quadrat.at
sector: Financial & Business Services
ISIN: AT0000613005
indexes: Standard Market Auction
stockmarkets: official market: Frankfurt, Wien
language: English