EANS-Adhoc: shaPE Capital AG / Improved investment management and advisory agreement terms agreed with investment manager - further reduction of management fee

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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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Contracts/management fee

28.09.2012

shaPE and its investment manager have agreed on further improved
terms in the investment management and advisory agreement. In
particular the management fee of currently 1% p.a. payable on the
value of the investment portfolio (excluding cash) will be reduced
stepwise to 0.9% for the remaining of 2012, then to 0.8% in 2013 and
subsequently to 0.7% for the years 2014 onwards. Further, the
investment manager's entitlement to receive management and
performance fee has been limited to 12 months following a termination
notice per quarter end. Finally, Beat Buehlmann, chairman of shaPE,
has terminated his advisory mandate with Bank Julius Baer & Co. Ltd.
effective 30 September 2012 and will be retained directly by shaPE as
of 1 October 2012. This change is accomplished on a cost neutral
basis for shaPE. These latest fine-tuned adjustments are aligned with
the finite time horizon under the realization strategy and underline
the commitment of shaPE and its investment manager for a
cost-effective execution of the realization strategy.

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