MOUNTAIN SUPER ANGEL AG publishes results for the first half 2012 according to IFRS

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

31.08.2012 21:00

Release of an ad hoc announcement pursuant to Art. 18 KR
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- Earnings before tax (EBT) amount to EUR -0.4m (First Half 2010: EUR
-1.6m)
- NAV per share amounts to EUR 0.26 at a share base of 103.2m (31 December
2011: NAV of EUR 0.27 per share)

St. Gallen, 31 August 2012 - 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 2012.

On 30 June 2012, earnings before interest and taxes (EBIT) and net profit
amount to EUR -0.6m (previous year: EUR -1.8m) and EUR -0.4m respectively
(previous year: EUR -1.6m). Write-ups of financial assets amounted to EUR
1.6m (not including earnings from interest) and financial expenses amounted
to EUR 1.8m, resulting in a financial loss of EUR -0.2m (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 25.3m
(31 December 2011: EUR 23.7m); there is no consolidation since 30 September
2011 with our prior majority stake in Impera Total Return AG. With total
balance sheet assets of EUR 30.0m, the equity to assets ratio amounted to
91% (31 December 2011: EUR 28.8m and 96%). By the end of the first half of
2012, the NAV declined to EUR 0.26 per share while shares outstanding
totalled 103.2m (31 December 2011: EUR 0.27). 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 2012 amounted to EUR
0.1m (31 December 2011: EUR 0.6m).

On 14 July 2012, the Company announced, that the Berne Stock Exchange
Association has granted the request of the Board, the delisting of the
Company on the BX Berne eXchange. Thus the title of Mountain Super Angel AG
as of 1 October 2012 (last trading day), in accordance with Article 23
Listing Rules (LR) on the BX Berne eXchange, will be delisted.

About MOUNTAIN SUPER ANGEL AG
MOUNTAIN SUPER ANGEL AG (www.super-angel.ch) is a 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 


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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
 
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