Supervisory Board and Board of Management recommend dividend of 0.80 euros per share

Surplus dividend following strong realisations / Negative net income of 16.6 million euros

Announcement consistent with § 15 WpHG (German Securities Trading Act)
Deutsche Beteiligungs AG, WKN 550 810

At the upcoming Annual Meeting of Deutsche Beteiligungs AG, the Supervisory Board and the Board of Management will recommend paying a dividend of 0.40 euros per share in addition to a surplus dividend of 0.40 euros per share, or a total of 0.80 euros per share for the 2010/2011 financial year (1 November to 31 October). A resolution to that effect was passed today. This continues the dividend policy Deutsche Beteiligungs AG has been pursuing in recent years: a base dividend that is geared to net asset value per share and current money market rates is to be increased by a surplus dividend in years recording successful realisations from the portfolio. For the preceding 2009/2010 financial year, a total of 1.40 euros per share (a base dividend of 0.40 euros and a surplus dividend of 1.00 euro) was paid in March 2011.

The Supervisory Board of Deutsche Beteiligungs today also approved the 2010/2011 consolidated financial statements and adopted the 2010/2011 separate financial statements of Deutsche Beteiligungs AG. For 2010/2011, Deutsche Beteiligungs AG posted a consolidated loss of 16.6 million euros. Net asset value therefore fell to 17.47 euros per share.

The consolidated loss was substantially due to unrealised negative valuation movements. A prime factor was the price loss of a quoted investment in the portfolio, Homag Group AG. This investment is valued at its stock market quotation on the reporting date. The price of Homag shares dropped from 15.48 euros to 8.48 euros over financial year 2010/2011; this equates to a negative valuation effect of 18.5 million euros on income. Deutsche Beteiligungs AG also uses parameters that derive from the stock market for the valuation of its unquoted investments. The sharp drop in stock market levels beginning in August 2011 therefore also had a negative impact on the valuation of the other companies in the portfolio.
The Company’s liquidity was not compromised by the consolidated loss. At the reporting date on 31 October, Deutsche Beteiligungs AG had cash and securities totalling 155.6 million euros, an increase of 15 million euros over the preceding year. The rise stems, among other things, from proceeds from the realisation of Heim & Haus Holding GmbH and the (partial) disinvestment of Preh GmbH in May and June.
  
The Company will issue its consolidated financial statements on 26 January 2012.

The Board of Management
Frankfurt am Main, 23 January 2012