DGAP-News: Heliad: Financial report published for second quarter of 2008

 Heliad Equity Partners GmbH & Co. KGaA / Half Year Results

28.08.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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++ Financial report published for second quarter of 2008 
++ Earnings slightly negative within expected framework 
++ NAV at EUR 1.20 per share as of 31 July 

The publicly listed investment company Heliad posted negative earnings of
EUR 1.3 million for the second quarter of 2008, corresponding to the
decline in NAV by two cents per share over the same period already
published in July. These results were mainly attributable to the write-down
of various investments due in particular to the decline in share prices
within the weaker overall climate on the capital markets. This factor was
countered by the positive impact of the sale of almost 50% of the
investment portfolio to funds managed by the British financial investor
Greenpark Capital.

Due in particular to the inflow of funds upon the first part-payment,
Heliad reported a bank credit balance of EUR 31.2 million across the Group
at the reporting date and thus has sufficient liquidity at its disposal to
exploit the attractive investment opportunities currently available on the
market.

At EUR 84.0 million, shareholders' equity as reported in the balance sheet
as of 30 June 2008 exceeded the market capitalisation at the same date (EUR
43.4 million) by a clear margin. The Group's equity ratio reached a robust
level of 76%.

At EUR 1.20 per share, Heliad's NAV as of 31 July 2008 was significantly
above the share price of EUR 0.67. The share price therefore includes a
discount of 44% on the intrinsic value.

The complete quarterly report can be downloaded from the internet at:
http://www.heliad.de/de/investorrelations/finanzberichte.


++ About Heliad

Heliad is a publicly listed investment company which invests in high-growth
companies in German-speaking countries. Heliad relies in this respect on
established, owner-managed business models with sales of between EUR 10
million and EUR 100 million. This investment focus means that Heliad is
positioned in the attractive niche between venture capital and large-scale
buyouts.

With a total of around 4,000 employees, the 13 companies currently in
Heliad's portfolio generated combined sales of more than EUR 650 million.

Further information about the company can be found at
www.heliad.de.

Contact:
Heliad Equity Partners GmbH & Co. KGaA
Alexander Mitsch
Chief Financial Officer
Tel.: +49 (0) 69 71 91 59 65 28
E-Mail: alexander.mitsch@heliad.de


DGAP 28.08.2008 
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Language:     English
Issuer:        Heliad Equity Partners GmbH & Co. KGaA
              Grüneburgweg 18
              60322 Frankfurt am Main
              Deutschland
Phone:        +49 (0)69 719 15 965 0
Fax:          +49(0)69 719 15 965 11
E-mail:       info@heliad.de
Internet:     www.heliad.de
ISIN:         DE0006047293
WKN:          604729
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Stuttgart
End of News                                     DGAP News-Service
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