Altira Group releases its annual results for 2011: Concentration on growth of the core areas continues ++ Assets under management increase by 19 per cent ++ EBIT of EUR -3.5 million ++ Comfortable equity ratio of 81 per cent

Frankfurt am Main, 24 April 2012 - Altira AG ('Altira Group'), an asset management company focusing on alternative investment strategies, suffered a loss in financial year 2011 due to the adverse capital market environment. The Company had an operating loss of EUR 3.5 million and a loss before taxes of EUR 24.9 million, due primarily to non-recurring non-cash write-downs as at the balance sheet date. The Company nevertheless also managed to create the conditions necessary to return to a profitable path in this transitional year. Assets under management, for example, rose by 18.7 per cent to EUR 921 million during the course of the year 2011 (2010: EUR 776 million).

'The difficult capital market environment in the year just ended had a major effect on us,' stated David Zimmer, Chairman of the Management Board. 'Although our net income for the year is unsatisfactory, 2011 was by no means a lost year. It was a year of transition and consolidation. We focused strictly on our core business areas and further expanded them. We believe this period of focus will prove its value in the medium term. We see great potential for sustainable growth in our areas of specialisation, Renewable Energies & Natural Resources, Africa and German 'Mittelstand' & Restructuring.'

In the area of Renewable Energies, the Altira Renewables Management team structured and invested approximately EUR 440 million raised in 2010 and 2011 from well-known German insurance companies in solar energy systems. Work is currently being done on follow-up projects in this area. Altira Renewables Management added a number of experienced experts to its investment team in 2011, thereby laying the foundation for further growth, particularly in new markets outside Europe. Some EUR 600 million in investments in 2011 make Altira Group one of Europe's largest providers of project financing in the solar sector.

In the area of Natural Resources, the newly launched fund VCH Commodity Alpha performed well in its first year - from March to December the assets under management could be increased by EUR 3.0 million. In contrast, VCH Expert Natural Resources recorded an outflow of funds. Its performance especially suffered in August, during the turbulence in capital markets. Due to the negative performance in 2011, no performance fee was achieved. In 2012, the performance of both natural resources funds so far is again in positive territory and above their respective benchmark.

In the Africa area, ADC African Development Corporation, a listed business development company managed by Altira, reported further increases in value for its equity investments. The capital raised in 2010 was mostly used for two further acquisitions. In this difficult market environment, ADC also managed to raise EUR 9.2 million through a capital increase, and gained a strategic investor. In addition, the Africa area also saw the launch of a new investment fund in 2011, VCH Africa. Despite of a difficult market environment, the fund recorded an inflow about EUR 1.5 million and achieved a performance of approximately 15 per cent year to date.

In the area of 'German Mittelstand', a number of equity investments made by Heliad, a listed business development company managed by Altira, were successfully sold as part of a reorganisation. Although difficult capital market conditions also made write-downs necessary in the core portfolio, taking into account sales of non-core areas Heliad was able to report profits and a significantly strengthened equity ratio of approximately 66 per cent at the end of the year. The Clearsight investment team, specialised in restructuring, and on which the Altira Group holds 40 per cent, successfully launched its second fund in 2011 only two years after the launch of its first fund. Therefore, it has sufficient investment capital for coming years.

Altira Group revenues fell by 18.5 per cent to EUR 14.1 million in financial year 2011 (2010: EUR 17.3 million). On balance, the Company reported an operating loss (EBIT) of EUR 3.5 million (2010: profit of EUR 0.9 million) and a loss before taxes (EBT) of EUR 24.9 million (2010: profit of EUR 1.2 million). The decrease in earnings was mainly due to disposals of financial assets and securities (EUR 17.7 million).

The Company had liquid assets of EUR 7.6 million as at the balance sheet date. The Altira Group's equity ratio of 81 per cent at the end of 2011 shows that the Company is soundly funded. There are no liabilities to banks.

The complete consolidated financial statements are available for download at www.altira-group.de under 'Reports' in the Investor Relations area.

About Altira Group

The Altira Group is an owner-managed, exchange-listed asset management company focusing on alternative investment strategies for institutional as well as private investors. It concentrates on both established and newly emerging growth markets in the following areas of specialisation:

__ Renewable Energies & Commodities

__ Africa

__ German Medium-Sized Companies & Restructuring

Contact

Altira Aktiengesellschaft
Andreas Rösel
Tel: +49 69 719 12 80 0
E-mail: investor-relations@altira-group.de