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23.11.2006 – 08:02

Lloyd Fonds AG

euro adhoc: LLOYD FONDS AG

--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------


Delayed launch of new product taking its toll on placement figures

Hamburg, November 23, 2006. Listed company Lloyd Fonds AG, one of the leading initiators of high-yield investment products, is reporting consolidated profit of EUR 12.8 million for the first nine months of this year, an increase of over 24 % over the same period one year earlier, despite the muted sector conditions. This was accompanied by a rise of just under 3 % in sales to EUR 51.2 million, while equity placements widened by 15 % to EUR 230 million.

Towards the end of the third quarter, Lloyd Fonds was able to successfully continue its diversification strategy with the establishment of a new real estate fund as well as its first private equity fund. However, these will not show up in equity placements and sales for another few weeks. Working in collaboration with Sal. Oppenheim bank, Lloyd Fonds has been developing the world’s first open-end ship fund since the beginning of the year. Targeted primarily at institutional investors, this fund is currently in the regulatory approval phase. Originally, placement activities were to commence in October.

Against this backdrop, Lloyd Fonds AG assumes that it will not be able to fully meet the full-year guidance for 2006 which it issued in January. This particularly applies to equity placements: after initially projecting a volume of EUR 370 - 390 million, Lloyd Fonds now expects to report a sum of only EUR 300 million (2005: EUR 286 million). As a result, the full-year sales forecast for 2006 has been scaled back from EUR 90 million to EUR 65 million (2005: EUR 71 million). Despite this, profit should grow again and, at around EUR 19 million, exceed the previous year by around 11 %. In January, Lloyd Fonds had issued profit guidance of EUR 19 - 20 million. As a result, distribution of a dividend of at least EUR 1.20, i.e. in excess of the previous year (EUR 1.10), will be possible.

end of announcement                                                 euro adhoc 23.11.2006 07:26:41

ots Originaltext: Lloyd Fonds AG
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Branche: Economy, Business & Finance
ISIN:      DE0006174873
WKN:        617487
Index:    CDAX
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Hamburger Wertpapierbörse / free trade

Original content of: Lloyd Fonds AG, transmitted by news aktuell