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| 22.04.2010 |
| MPC Capital AG: Capital increase completed successfully |
| Hamburg, April 22, 2010 - MPC Capital AG (ISIN DE0005187603/ WKN: 518760) has successfully completed its capital increase. During the subscription period from April 1 to 15, 2010, the company's shareholders exercised their subscription and oversubscription rights to subscribe all new shares. As a result, the share capital increased from approx. EUR 18.2 million to over EUR 27 million. The company generated proceeds of roughly EUR 24.2 million, with equity rising to over EUR 40 million. The successful capital increase reflects the confidence of the three main shareholders, MPC Holding, Corsair Capital and Oldehaver Beteiligungsgesellschaft, in the prospects of the MPC Capital AG. Prior to the transaction, they had issued back-stop commitments to secure an amount of at least EUR 20 million. The free float shareholders also exercised their subscription rights and even oversubscribed, so that the capital increase could be implemented as planned. "We would like to thank our shareholders for the confidence they place in the strategy and the management of the company. The successful capital increase strengthens MPC Capital's stable funding base," said a satisfied Dr. Axel Schroeder, CEO of MPC Capital. "This is an important precondition to seize opportunities and stay at the forefront of the market consolidation." The gross proceeds from the capital issue will be used to strengthen the company's equity base. MPC Capital AG now has an equity capitalisation in excess of EUR 40 million. Together with the agreement on a solid funding base from March 2010, this has laid the foundation for a sustainable recovery. Under the new shareholder structure, Corsair Capital holds 34%, MPC Holding holds approx. 28% and Oldehaver-Beteiligungsgesellschaft holds approx. 2.8% of the company. MPC Capital holds own shares in an amount of 2.2%, while 33% of the shares are widely held. "The reach of our funding base is without competition and will allow us to seize opportunities that arise in the market and to launch and sell new projects," Axel Schroeder added. MPC Capital's product pipeline is well filled with real estate projects in the Netherlands and Germany. Distribution of the next real estate-fund in the Netherlands will already be Monday, April 26, 2010. Inquiries: Till Gießmann Investor Relations Phone: +49 40/380 22-4347 Fax: +49 40/380 22-4878 E-mail: ir@mpc-capital.com |
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