EANS-Adhoc: shaPE Capital AG / Sale of partnership interests

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other/Sale of partnership interests
28.03.2013

shaPE today announced that it has entered into a final agreement to
sell its BlackRock PEP II fund of funds partnership interests to a
non-related counterparty. The closing which is still subject to GP
approval is expected to take place within the next few days with 60%
of the proceeds to be received at closing and 40% in 12 months. The
aggregate net asset value (NAV) of the four PEP II portfolios (US
buyout, US venture capital, Europe buyout, Europe venture capital) as
reported in the Q4 2012 quarterly Newsletter represented close to one
quarter of the shareholders' equity. While the transaction was done
at a considerable discount to the latest available valuations and is
therefore associated with a realized loss in the amount of 5.4% of
NAV, it also provides a solution for one of the most difficult
positions of the portfolio. The market generally applies substantial
additional discounts to fund of funds structures and to venture
capital portfolios in particular. As such it is expected that the
sale will increase the attractiveness of the remaining portfolio and
facilitate the ongoing realization strategy.

end of ad-hoc-announcement ==========================================
====================================== shaPE is a SIX Swiss
Exchange-listed investment company with exposure to a global private
equity portfolio. 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