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| 09.07.2010 |
| MPC Capital AG places over EUR 100 million in H1 2010 |
| Placement result almost doubled over prior-year period Hamburg, July 9, 2010 - The closed-end funds and asset-backed investment concepts of stock exchange-listed MPC Capital AG attracted equity capital in excess of EUR 100 million in the first six months of 2010. This means that the positive placement trend, which started in mid-2009, continued in 2010. Focusing on its three core segments - shipping, real estate as well as energy and commodities - MPC Capital raised equity in an amount of approx. EUR 103 million, which means that the placement result almost doubled as compared to the same period of the previous year (approx. EUR 54 million). "The placement success in the first six months is an encouragement and a confirmation at the same time. It confirms that we are on the right track and encourages us to achieve even more," said Dr. Axel Schroeder, CEO of MPC Capital AG. "We have initiated the turnaround and MPC Capital will use this opportunity to take a leading position in the market." Real estate funds: High demand for traditional funds The real estate segment was the strongest segment in the first six months of 2010, with approx. EUR 48.2 million, and thus made a major contribution to the successful placements. MPC Capital has launched a number of high-quality, safety-oriented traditional real estate funds within a very short period of time. MPC Deutschland 6 was fully placed in the first quarter of 2010, with placement of another two new funds - MPC Holland 71 and MPC Deutschland 5 - starting in the second quarter. MPC Deutschland 5 was also fully placed in July 2010 and MPC Holland 71 is very close to be fully placed. Another traditional real estate fund - MPC Deutschland 7 - will follow shortly. It includes a tenant with a public background and a Greenbuilding with Gold status of Deutsche Gesellschaft für Nachhaltiges Bauen (DGNB). The fund has an investment volume in excess of EUR 100 million. "By launching a real estate fund of such a size in the current market environment, MPC is clearly making a statement," said Dr. Schroeder. "In view of the very positive response from our sales partners, we believe that we will be able to fully place this fund very quickly." Shipping markets: Turnaround in sight The shipping segment used a variety of investment concepts to raise equity of approx. EUR 34.4 million in the first six months of 2010. Apart from the placement of a ship fund in the Dutch market, this included raising preference capital in the context of capital increases for current ship investments. Investors are increasingly interested in making anti-cyclical investments in the shipping markets. Since February 2010, some charter contracts for container ships have improved markedly and ship prices have picked up again, which indicates a turnaround in the shipping markets. MPC Capital's product development activities in the second half of 2010 will continue to focus on much sought-after closed-end fund products characterised by a simple structure and by high income safety. MPC Capital will publish its financial figures and the report on the first six months of 2010 on August 13, 2010.  Inquiries: Till Gießmann Head of Investor Relations Phone: +49 40/380 22-4347 Fax: +49 40/380 22-4878 E-mail: ir@mpc-capital.com |
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