Heliad: Financial report published for second quarter of 2008

Heliad Equity Partners GmbH & Co. KGaA / Half Year Results
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++ Financial report published for second quarter of 2008 ++ Earnings slightly negative within expected framework ++ NAV at EUR 1.20 per share as of 31 July 

The publicly listed investment company Heliad posted negative earnings of EUR 1.3 million for the second quarter of 2008, corresponding to the decline in NAV by two cents per share over the same period already published in July. These results were mainly attributable to the write-down of various investments due in particular to the decline in share prices within the weaker overall climate on the capital markets. This factor was countered by the positive impact of the sale of almost 50% of the investment portfolio to funds managed by the British financial investor Greenpark Capital.

Due in particular to the inflow of funds upon the first part-payment, Heliad reported a bank credit balance of EUR 31.2 million across the Group at the reporting date and thus has sufficient liquidity at its disposal to exploit the attractive investment opportunities currently available on the market.

At EUR 84.0 million, shareholders' equity as reported in the balance sheet as of 30 June 2008 exceeded the market capitalisation at the same date (EUR 43.4 million) by a clear margin. The Group's equity ratio reached a robust level of 76%.

At EUR 1.20 per share, Heliad's NAV as of 31 July 2008 was significantly above the share price of EUR 0.67. The share price therefore includes a discount of 44% on the intrinsic value.

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 which invests in high-growth companies in German-speaking countries. Heliad relies in this respect on established, owner-managed business models with sales of between EUR 10 million and EUR 100 million. This investment focus means that Heliad is positioned in the attractive niche between venture capital and large-scale buyouts.

With a total of around 4,000 employees, the 13 companies currently in Heliad's portfolio generated combined sales of more than EUR 650 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

28.08.2008  Financial News transmitted by DGAP

Language:     English
Issuer: Heliad Equity Partners GmbH & Co. KGaA               Gr├╝neburgweg 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, M├╝nchen, Stuttgart
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