EANS-Adhoc: shaPE Capital AG / Annual results 2012

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Annual Reports/annual report/Annual results 2012 03.04.2013

- Strong net asset value per share increase (+13.8%) and share price performance (+30.6%) in 2012.

- Significant share buybacks in 2012 contributed to performance, but decreasing value creation potential going forward due to narrowed discount.

- Harvesting accompanied by opportunistic secondary sales remain key components of realization strategy.

The third full year under the realization strategy turned out to be a calm but solid year. With a NAV per share increase of 13.8% and a share price increase of 30.6% the returns were strong, continuing the consistent trend from the prior two years. Increased valuations of the underlying funds contributed 10.8% to the overall increase. Continued purchase of treasury shares at a discount to NAV contributed another 6.3%. FX and costs contributed negatively by -1.3% and -1.9%, respectively. Over the year totally 98'939 treasury shares were bought back representing 16.1% of shares outstanding at the beginning of 2012. The shares were repurchased at an average price of CHF 130.23 which represents a discount of 36.0% vs. the year-end NAV per share. As the discount has narrowed consistently from -37.6% to -28.2% over the year the value creation potential of this lever to return cash to shareholders is shrinking.

As announced on 28 March shaPE has entered into a final agreement to sell its BlackRock PEP II fund of funds partnership interests ("PEP II interests") to a non-related counterparty. While the sale was done at a discount and as a result is associated with a write-down on NAV in the magnitude of 5-6% it also provided a solution for one of the most difficult positions of the portfolio. As such it is expected that the sale will increase the attractiveness of the remaining portfolio and facilitate the future realization. The proceeds from the transaction together with the accumulated cash position will allow the board of directors to propose a cash distribution of general legal reserves from capital contributions in the amount of CHF 38 per share at the occasion of the upcoming shareholder meeting.

The full annual report 2012 is available on www.shape-capital.com.

end of ad-hoc-announcement ================================================================================ shaPE is a SIX Swiss Exchange-listed investment company with exposure to a global private equity portfolio. In 2009 shaPE decided to initiate a realization strategy with the ultimate goal to return the intrinsic value of the current portfolio to its shareholders. Under this realization strategy shaPE does not make any new commitments to private equity funds, but focuses on harvesting the value of the current portfolio over the coming years. shaPE is listed on the SIX Swiss Exchange under the ticker symbol "SHPN".

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   April 03, 2013 11:45 ET (15:45 GMT)- - 11 45 AM EDT 04-03-13