New Value AG : Profit warning of New Value AG

Press release

Zurich, 25.01.2012

Profit warning of New Value AG

Uncertainty surrounding the repayment of investments necessitates a write- down of CHF 8 million and results in a liquidity shortage; the Chairman of the administrative board accepts responsibility and resigns. Only CHF 3 million of time deposits placed in the amount of CHF 13 million have been repaid to date. Further repayments seem unlikely, requiring a write-down to be made. The liquidity posi- tion of New Value is tight due to this situation. Rolf Wägli resigned as Chairman of the administrative board with immediate effect. Thomas Keller takes over as Chairman.

The sale of 3S to Meyer-Burger in 2009 generated a profit for New Value AG. The resultant liquid funds of CHF 13 million were invested in the form of time deposits in a company,
of which CHF 3 million has been repaid to date. The administrative board assesses the possibility of the repayment of further funds to be highly unlikely. Collateral in the form of listed shares was provided against the amounts outstanding, which reduces the write-down.
The Chairman of the administrative board, Rolf Wägli, accepts responsibility and resigned from the ad-
ministrative board with immediate effect. Thomas Keller, who has been a member of the administrative
board since 2003, will become the new Chairman of the administrative board with immediate effect.
"I accept responsibility"
Rolf Wägli, founder of New Value AG in 2009, was, amongst other things, also the person mainly respon-
sible for various successes of portfolio companies (for example 3 S, Swiss Solar Systems AG, sale of the shareholding to Meyer-Burger) and makes the following comment: "I accept responsibility for making these investments and will do my best to ensure that they are duly repaid. I welcome the appointment of Thomas Keller and will fully support him and the administrative board."

Further information on New Value

New Value is the pioneer for sustained direct investment in young Swiss growth companies. New Value, listed on the SIX Swiss Exchange, invests directly in private, upwardly mobile companies located in Swit-
zerland and the surrounding regions whose market and growth potential exceed the average. New Value provides the venture capital to promote innovative business models and supports them until they achieve market success. The portfolio includes companies at varying stages of their corporate development, from the market introduction phase up to the time they become established medium-sized companies with stable profits. The portfolio comprises companies from the cleantech and health sectors.

Stock exchange listing SIX Swiss Exchange (www.six-swiss-exchange.com)

Xetra, Open Market Frankfurt, Berlin, Düsseldorf, Stuttgart und München

Ticker-symbols Security number	NEWN (CH), N7V (D) 1 081 986
Seurity ID number ISIN	552 932 CH0010819867
Contact	New Value AG Paul Santner	tel. no: [phone] tel. no: [phone] [e-mail]
Information/ Downloads	www.newvalue.ch	Email: [e-mail]

New Value AG | Schlüsselgasse 3 | CH - 8022 Zürich | Tel. [phone] | www.newvalue.ch