MOUNTAIN SUPER ANGEL AG publishes results for the first half 2011 according to IFRS

Mountain Super Angel AG  / Key word(s): Half Year Results

31.08.2011 19:30

Release of an ad hoc announcement pursuant to Art. 18 KR
---------------------------------------------------------------------------

- Earnings before tax (EBT) amount to EUR -1.6m (First Half 2010: EUR
-1.8m)
- Equity Capital increased by 9% to EUR 31.3m (as compared to 31 December
2010)
- NAV per share amounts to EUR 0.30 at a share base of 103.2m (31 December
2010: 68.8m shares and a NAV of EUR 0.42 per share)

St. Gallen, 31 August 2011 - Today, the listed investment company MOUNTAIN
SUPER ANGEL AG (ISIN: CH0033050961, Ticker: 4MS, www.super-angel.ch) has
published its IFRS unaudited figures for the first half of 2011. The
figures include consolidated financial statements due to the purchase of a
majority stake in Impera Total Return AG.

On 30 June 2011, earnings before interest and taxes (EBIT) and net profit
amount to EUR -1.8m (previous year: EUR -1.9m) and EUR -1.6m respectively
(previous year: EUR -1.8m). Write-ups of financial assets amounted to EUR
2.5m (not including earnings from interest) and financial expenses amounted
to EUR 3.4m, resulting in a financial loss of EUR -0.9m (previous year: EUR
-0.9m). One reason for this negative outcome was the weak development of
the listed portfolio companies and the write-offs of individual companies.

On the balance sheet, Financial Investments increased slightly to EUR 32.5m
(31 December 2010: EUR 32.4m). With total balance sheet assets of EUR
38.6m, the equity to assets ratio amounted to 98% (31 December 2010: EUR
36.1m and 98%). By the end of the first half of 2011, the NAV declined to
EUR 0.30 per share while shares outstanding totalled 103.2m (31 December
2010: EUR 0.42 on 68.8m shares). Our share is thus still traded at a
relatively high discount of just under 50% to the company's intrinsic
value. Cash and Cash Equivalents on 30 June 2011 amounted to EUR 4.6m (31
December 2010: EUR 2.2m).

About MOUNTAIN SUPER ANGEL AG
MOUNTAIN SUPER ANGEL AG (www.super-angel.ch) is a public Swiss investment
company based in St. Gallen, Switzerland, and part of the Mountain Partners
Group. The company acts in the market place as an 'institutional business
angel investor '. The focus of investments is based predominantly in German
speaking countries, in all industry sectors, especially in earlystage
financing, special situations and pre-IPO transactions. MOUNTAIN SUPER
ANGEL AG shares are traded under SIC 4MS (ISIN: CH0033050961) on the Open
Market of the Frankfurt Stock Exchange.

Contact
Volker Rofalski
Tel: +41 44 783 80 30
Fax: +41 44 783 80 40
eMail: vr@super-angel.ch 
Internet: www.super-angel.ch


31.08.2011 News transmitted by EquityStory AG. 
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital 
market and press releases.
The EquityStory Group distributes authentic and real-time financial news 
for over 1'300 listed companies. 
The Swiss news archive can be found at www.equitystory.ch/news

---------------------------------------------------------------------------
 
Language:               English
Company:                Mountain Super Angel AG
                        Dufourstr. 121
                        9001 St. Gallen
                        Switzerland
Phone:                  +41 44 783 80 49
Fax:                    +41 44 783 80 40
E-mail:                 contact@super-angel.ch
Internet:               www.super-angel.ch
ISIN:                   CH0033050961
Swiss Security Number:  A0MYNQ
Listed:                 Freiverkehr in Stuttgart; Open Market in Frankfurt;
                        BX
 
End of Announcement                             EquityStory News-Service
 
---------------------------------------------------------------------------