euro adhoc: Fortune Management Inc. / Personnel / Change in the Board of Directors of Fortune Management Inc.

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Company Information

29.10.2007

Ad-hoc-Message
according to §15 WpHG

Change in the Board of Directors of Fortune Management Inc.

Zug/Switzerland, October 29, 2007 - FORTUNE Management Inc. (General
Standard, ISIN USU026281027, USU026281365, USU026281779; SIN: A0BLYY,
A0ETG9, A0JC62) informs that Mr. Michael Kloter has resigned from its
board of directors. Due to other absorbing professional obligations
he saw himself unable to further allocate the necessary time to
continue on the board of Fortune.

Fortune has already engaged in a recruitment process for additional
independent directors and will report those nominations as soon as
the evaluation is completed.

(End of ad hoc release)

Paul Bagley, Chairman of Fortune, comments: "We regret Mike Kloter's
decision to resign as he provided a valuable combination of legal
expertise and business acumen to our entire board. Recently, he made
major contributions to our corporate governance project and the
implementation of systematic documentation of the governance
procedures in all divisions. However, we understand the extraordinary
demands on his time occasioned by other mandates. We are currently
interviewing a number of potential candidates to fill the vacancy in
due course."

Profile of FORTUNE Management Inc.: FORTUNE Management Inc.,
Zug/Switzerland, is a publicly listed private equity firm. Its two
business divisions are Private Equity Management and Principal
Investments. Private Equity Management achieves consistent revenues
from the management of specialized funds, whereas Principal
Investments comprises direct investments (e.g. in bio-diesel
manufacturer GATE or in the Swiss asset managers FORTUNE Wealth
Management Group AG) with a view to capital gains. FORTUNE Management
Inc. has subsidiaries in Zug, Zurich, Geneva, Luxemburg, Rotterdam,
Würzburg, Vienna and the Bahamas, as well as a branch in Dubai. The
company's shares (ISIN: USU 026281027) are listed in the General
Standard segment of Frankfurt Stock Exchange (symbol: FMI1) and on
the DIFX in Dubai.

Contact:
FORTUNE Management Inc.
Hubertus Väth
Phone +49 69 9441 8081
IR@fortune-management.com
Bahnhofstrasse 10
P.O. Box 324
CH-6301 Zug

end of announcement euro adhoc 29.10.2007 18:05:39
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ots Originaltext: Fortune Management Inc.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Michael Staab
New Mark Finanzkommunikation
Tel.: +49(0)69 94418097
E-Mail: michael.staab@newmark.de

Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Börsen: Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Frankfurt / regulated dealing/general standard


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