Ad-hoc | 21 June 2001 08:31

Value Managem. & Research english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Schwalbach, 21st, June 2001. Gross dividend yield of 8.4% First quarter 2001 still impacted by restructuring costs Expected half year pre tax profit of 0.5 million EUR The management and supervisory boards of Value Management & Research AG are proposing at today’s AGM a dividend payment of 0.30 EUR per share plus 0.13 EUR per share corporation tax credit for domestic shareholders. This represents a gross dividend yield of 8.4% based on the present share price. Last month VMR acquired a further 10.1% stake of its highly profitable partner company Interinvest S.a.r.l. to bring its total shareholding in this company to 60.0%, This is part of VMR’s strategy to expand its asset management business through both organic and external growth. Profits in the first few months of the current year were still impacted by poor equity market conditions, particularly in the technology and growth segments, and by restructuring costs. VMR expects good profits in the second quarter so that group pretax group profits for the first half of the year will reach approx. 0.5 million EUR. Included in this estimate are two full sales and one partial sale of equity participations which should be completed this month. Contact person: Value Management & Research AG Peter Riedel CFO Am Kronberger Hang 5 65824 Schwalbach Tel.-no.: 0 61 96 – 88 00 0 Fax-no.: 0 61 96 – 88 00 500 WKN 760 555 * Börsenkürzel VMR * Bloomberg VMR GR * Reuters VMRG.F * Geregelter Markt/FWB end of ad hoc announcement (c) DGAP 21.06.2001 ——————————————————————————– WKN: 760555; Index: Listed: Geregelter Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart 210831 Jun 01