euro adhoc: Deutsche Effecten- und Wechsel-Beteiligungsges. AG / Capital measures / DEWB AG resolves to issue a convertible bond

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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12.09.2007

The Management Board of Deutschen Effecten- und
Wechsel-Beteiligungsgesellschaft AG (DEWB) has today resolved, with
the consent of the Supervisory Board, to issue a convertible bond in
the total nominal sum of up to 20,000,000 euros. The company is
therefore making partial use of the authorization granted by the
Annual General Meeting dated May 26, 2004 which remains in force up
to May 25, 2009.

The convertible bond will have a maturity of 5 years, with a coupon
of 6.0 percent and a conversion price of 3.20 euros. This corresponds
to a conversion premium of approx. 25 percent based on the average
closing price of the DEWB share on the XETRA of 2.55 euros. The
convertible bond is to be divided into up to 20,000 part convertible
bonds each with a nominal value of 1,000 euros. The conversion ratio,
i.e. the amount of shares to be delivered in case of a conversion,
results from the division of the nominal value by the conversion
price. The bond is expected to be offered to DEWB shareholders for
subscription from September 17, to October 1, 2007 within the
framework of a subscription rights issue. For each 1,523 shares two
part convertible bonds can be purchased at the price of 1,000 EUR
each. No public offering will be made. Part convertible bonds not
subscribed by shareholders will be offered by quirin bank AG to
institutional investors under the same terms and conditions. The
issue will be assisted by quirin bank AG and Close Brothers Seydler
AG.

The main terms and conditions of the convertible bond will be
notified to the company´s shareholders by way of a subscription
offer. The subscription offer is expected to be published on Thursday
September 13, 2007 on the company´s Homepage and in the
"Börsenzeitung" as well as on Friday September 14, 2007 in the
electronic "Federal Gazette" (Bundesanzeiger). The definitive bond
conditions can be obtained from the company (Leutragraben 1, D-07743
Jena) and quirin bank AG (Kurfürstendamm 119, D-10711 Berlin) and are
also available at www.dewb-vc.com.

The proceeds from the issue are to be used to increase the company´s
investment funds in order to make future investments independent of
the inflows from investment sales from the timing aspect and
consequently enable it to take advantage of an increasing number of
investment opportunities.

end of announcement euro adhoc 12.09.2007 19:56:12
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ots Originaltext: Deutsche Effecten- und Wechsel-Beteiligungsges. AG (DEWB)
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Mirko Wäckerle
Tel.: +49 (0) 3641 573-3600
E-Mail: ir@dewb-vc.com

Branche: Financial & Business Services
ISIN: DE0008041005
WKN: 804100
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse München / free trade


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