Heliad posts net income of Euro 3.8 million for the first nine months of 2007

Heliad Equity Partners GmbH & Co. KGaA / Quarter Results
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++ Heliad posts net income of Euro 3.8 million for the first nine months of    2007
++ Intrinsic value (NAV) reaches record level of Euro 1.43 per share as of    31 October

Heliad, a publicly listed private equity investment company, generated earnings after tax (IFRS) of Euro 3.8 million, or 5 cents per share, in the first nine months of 2007 (30 September). Earnings after tax for the equivalent period in the previous year had amounted to Euro 7.2 million (21 cent per share). The decline in the current financial year is due to the fact that, unlike in the previous year, the most important value drivers will be accounted for in the income statement in the fourth quarter, rather than in the third quarter. In particular, the IPO of SHB, one of Heliad’s portfolio companies, in October will generate substantial income at Heliad in the fourth quarter.

This is already apparent from the calculation of the company’s inherent value (NAV) undertaken after the end of the nine-month period as of 31 October 2007. Based on current valuations, Heliad’s NAV has risen to around Euro 100 million, or Euro 1.43 per share. The equivalent figure at the reporting date for the first nine months (30 September 2007) still amounted to Euro 94 million, or Euro 1.34 per share.

Provided that the highly positive performance of the current fourth quarter is not reversed, for example due to negative factors on the stock markets, then Heliad expects to exceed the level of earnings after tax reported in 2006, in itself a record year, once again in the current 2007 financial year.

Heliad’s balance sheet continued to show a strong equity ratio of 100% at the reporting date on 30 September. Moreover, the company also had cash and cash equivalents amounting to Euro 8 million at its disposal.
The complete quarterly report can be downloaded from the internet at http://www.heliad.de/de/investorrelations/finanzberichte.
++ About Heliad

Heliad is a publicly listed investment company that focuses on companies in predominantly German-speaking countries that are undergoing a strong growth phase. Heliad invests into established, owner-run business models with sales of between Euro 10 and 100 million.

With this strategy Heliad has occupied a highly attractive niche between Venture Capital and large Buyouts. With around 3,750 employees, the current total of 14 companies within Heliad’s portfolio generate combined sales of more than Euro 370 million.

Further information about the company can be found at www.heliad.de.

Heliad Equity Partners GmbH & Co. KGaA

Alexander Mitsch
Chief Financial Officer
Tel.: +49 (0) 69 71 91 59 65 28
E-Mail: alexander.mitsch@heliad.de

14.11.2007  Financial News transmitted by DGAP

Language:     English
Issuer: Heliad Equity Partners GmbH & Co. KGaA               Grüneburgweg 18
              60322 Frankfurt am Main
Phone:        +49 (0)69 719 15 965 0
Fax:          +49(0)69 719 15 965 11
E-mail:       info@heliad.de
Internet:     www.heliad.de
ISIN:         DE0006047293
WKN:          604729
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr               in Berlin, München, Stuttgart
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