euro adhoc: Valartis Group AG / other / Substantial rise in profit for Valartis Group in the first half of 2007

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

09.08.2007

In the first half of 2007 Valartis Group´s profit (incl. performance
fees) rose by 124.6% to CHF 31.9 million (first half of 2006: CHF
14.2 million). Apart from higher commission income, securities income
was the main contributor to this increase. Shareholders´ equity
amounted to CHF 226.2 million at the end of June 2007 (June 2006: CHF
177.5 million), assets under management in-creased to CHF 4.5 billion
(CHF 3.6 billion).

Operating income rises to CHF 62.8 million In the first half of 2007
Valartis Group reached a net operating income of CHF 62.8 million
(including performance fees), exceeding the previous year´s figure
(CHF 29.0 million) by CHF 33.8 million or 116.4%. The securities
business made a significant contribution to this advance with an
income of CHF 25.6 million in the first six months (CHF -8.9
million). In a positive market environment the welcome development of
this business unit was, in particular, due to the active management
of Swiss small & mid cap stocks, a core competence of Valartis Bank.

In the commission business, the Group´s most important source of
revenue, income grew to CHF 36.5 million (CHF 35.7 million) despite
lower performance fees. Apart from the brokerage and derivatives
operations, assetmanagement activities dominated the commission
business. As at the end of June the Group´ assets under management
amounted to CHF 4.5 billion (CHF 3.6 billion), mainly in the form of
actively managed investment companies and investment funds. In wealth
management, the private-banking activities were further expanded by
the purchase of Valaxis Asset Management at the beginning of the year
and the establishment of a branch of Valartis Bank in Geneva. In the
field of real estate structured finance Valartis Bank arranged the
refinancing of four commercial properties in Scandinavia and Canada
totalling approximately CHF 450 million. The division also took on
various consulting mandates to optimize complex real estate
financings.

Higher costs - significantly more staff General and personnel
expenses rose to CHF 22.2 million in the first half of 2007 (CHF 11.5
mil-lion); this was in line with the expansion of the four business
units asset management, wealth management, investment banking and
real estate structured finance. The higher costs were mainly due to
higher staff levels - at the end of June 2007 the Group had 85 (50)
employees - and provisions for performance-related salary payments.

The operative result (gross profit) rose by 131.4% to CHF 40.6
million (CHF 17.5 million). Taking depreciations of CHF 0.9 million
(CHF 0.5 million) into account, the cost/income ratio reached 36.8%
(41.4%) in the first half of 2007.

Shareholders´ equity at CHF 226.2 million With a group profit of CHF
31.9 million - corresponding to CHF 6.5 (CHF 2.9) per bearer share -
the Group´s shareholders´ equity rose to CHF 226.2 million by the end
of June 2007 (end of 2006: CHF 209.2 million). On the basis of
weighted shareholders´ equity, which, inter alia, includes the
dividend payment of CHF 13.75 million in April 2007, Valartis Group
generated an annualized return on equity of 28.8% (16.0%) in the
first six months of 2007.

The interim report can be downloaded in PDF format from our homepage
www.valartis.ch.

end of announcement euro adhoc 10.08.2007 06:30:00
--------------------------------------------------------------------------------

ots Originaltext: Valartis Bank AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Lorenzo Trezzini, CFO Valartis Group
Phone +41 43 336 81 11

Branche: Financial & Business Services
ISIN: CH0001840450
WKN: 184045
Index: SPI, SSCI, SPIEX
Börsen: SWX Swiss Exchange / official market