EANS-Adhoc: shaPE Capital AG / Semi-annual results per 30 June 2011

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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6-month report

29.08.2011

Freienbach, 29 August 2011

- Net asset value per share CHF 168.66, +4.3% since 31 December 2010
(adjusted for CHF 25 per share distribution to shareholders in May
2011).

- Fair value of investment portfolio increased by 8.3% in local
currencies; increase however mainly offset by negative currency
impact (US Dollar and Euro depreciating against the Swiss Franc).

- Further lowered unfunded commitments and now net cash flow positive
investment portfolio reduce liquidity risk.

- Realization strategy on track: CHF 25 per share distributed to
shareholders in May; 170´000 shares or 20% of share capital cancelled
and new share buyback program launched in July.

The investment portfolio of shaPE developed positively with an
increase by 8.3% in local currencies. Currency effects, in particular
the US Dollar and the Euro depreciating significantly against the
Swiss France unfortunately offset the appreciation almost entirely.
Overall the net asset value (NAV) per share increased to CHF 168.66
(+4.3%), mainly as an effect of the conducted treasury share
purchases.

During the first half year several important milestones were achieved
under the imposed realization strategy. The milestones include the
achievement of a finally cash flow positive investment portfolio
through the continued sale of unfunded commitments, a significant
cash distribution of CHF 25 as well as a share capital reduction by
the approved maximum amount of 20% of share capital.

Particularly considering the most recent market turmoil and
associated macro economic uncertainty investors are reminded that the
harvesting of the intrinsic value of the investment portfolio will
take a considerable amount of time. Although the full impacts to the
private equity industry are yet ambiguous, a deteriorating real
economy in the US and Europe where shaPE has its main exposure would
certainly bring unpleasant headwinds.

The full semi-annual report 2011 is available on
www.shape-capital.com.

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 value of the
current portfolio over the coming years. shaPE is listed on the SIX
Swiss Exchange under the ticker symbol “SHPN”.

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

end of announcement euro adhoc
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issuer: shaPE Capital AG
Wolleraustrasse 41a
CH-8807 Freienbach
phone: +41/58/596 12 96
FAX: +41/58/596 12 97
mail: info@shape-capital.com
WWW: http://www.shape-capital.com
sector: Financial & Business Services
ISIN: CH0012885841
indexes:
stockmarkets: official dealing: SIX Swiss Exchange
language: English