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2015-12-14

Scandinavian Private Equity A/S : Interim Report for Q3 2015/16

Company announcement no 10 2015/16
Copenhagen, 14 December 2015

Interim Report for the period 1 August 2015 - 31 October 2015
Scandinavian Private Equity A/S (SPEAS) posted a loss for Q3 2015/16 of DKK
3.8m. Equity stood at DKK 633m, corresponding to a book value per share of
DKK 14,610. Extraordinary dividend of DKK 1,000 per share.

The Board of Directors of SPEAS has today considered and approved the
Company's Interim Report for the period 1 August 2015 - 31 October 2015. The
Interim Report contains the following highlights:

* SPEAS recorded a loss of DKK 3.8m for Q3 2015/16 and a profit of DKK 72.5m
for the period Q1-Q3 2015/16.
* Investments in private equity funds resulted in a total negative return of
DKK 0.9m in Q3 2015/16 and a return of DKK 78.1m in the period Q1-Q3
2015/16.
* Investments in private equity funds amounted to DKK 626m, or 99% of net
assets.
* In Q3 2015/16 SPEAS contributed DKK 3.1m to the private equity funds under
the investment commitments made.
* In the same period, the Company received DKK 90.9m as proceeds from exits,
recapitalisations, etc.
* Ordinary dividend of DKK 1,500 per share was distributed on 3 June 2015,
and extraordinary dividend of DKK 1,500 per share was distributed on 31
July 2015 and DKK 2,000 per share on 6 October 2015. Since the beginning of
the financial year, SPEAS has distributed total dividend of DKK 217m.
* The Board of Directors has resolved to distribute extraordinary dividend of
DKK 1,000 per share. Dividend will be distributed on 21 December 2015, and
the SPEAS share will be traded excluding dividend as from Thursday 17
December 2015.
* At 31 October 2015, equity stood at DKK 633m, corresponding to a book value
per share of DKK 14,610.
* SPEAS recorded a negative return on equity of 0.6% in Q3 2015/16 and a
return on equity of 9.8% in the period Q1-Q3 2015/16.
* Based on achieved investment results, forecasts for this financial year
still include a return on equity that exceeds the long-term expectations of
a return on equity of 8-9% pa. Full-year results will depend on the
development in financial markets.

For further information, please contact:
Ole Mikkelsen, CEO, tel +45 70 25 10 55, mobile +45 30 66 96 30
2015/16 Q3
http://hugin.info/137825/R/1972480/721915.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Scandinavian Private Equity A/S via Globenewswire

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