Ad-hoc | 19 May 2004 11:00

DEWB concludes increase in equity capital.

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEWB concludes increase in equity capital. 6.2 million euros raised; shareholders’ equity ratio increases to 42.5 percent; free float rises to 34.3 percent. DEWB AG (Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG) has today concluded the increase in its equity capital. More than 2.0 million new shares were placed with institutional and private investors at a subscription price of 3.10 euros. This has consequently increased DEWB’s share capital from 13.2 million euros to 15.2 million euros. The company raised around 6.2 million euros in new funds. As a result of the capital increase the free float rose markedly from 24.3 percent to 34.3 percent. DEWB has achieved two objectives with this capital increase: Additional funds are now available to DEWB for portfolio investments in the area of optical technologies – a rapid growth area of technology with major potential for the investment business. In addition, the increased number of shares that are now held in free float should provide a sustainable improvement in the trading liquidity of the DEWB share. In order to further strengthen the DEWB balance sheet, the shareholder Jenoptik AG has converted part of its loan claim to a capital reserve of DEWB in connection with the capital increase concluded today. This has increased the company’s shareholders’ equity by an additional 4.1 million euros to 46.4 million euros. The shareholders’ equity quota has risen from 35.0 percent to 42.5 percent; the shareholders’ equity per share is now 3.04 euros. Key figures: After capital increase Before capital increase (19.05.2004) (31.03.2004) Shareholders’ equity (TEUR) 46,374 36,029 Shareholders’ equity per share (EUR) 3.04 2.72 Share price (XETRA 18.05.; EUR) 3.28 3.60 Number of shares (units) 15,230 13,228 Shareholders structure Free float (%) 34.3 24.3 Jenoptik AG (%) 34.9 40.2 Jenoptik Vermögensverwal- tungsgesellschaft mbH (%) 30.8 35.5 Contact: Dr. Stefan Stenzel, Phone: +49-03641/65 2167, stefan.stenzel@dewb- vc.com end of ad-hoc-announcement (c)DGAP 19.05.2004 ——————————————————————————– WKN: 804100; ISIN: DE0008041005; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Freiverkehr in Stuttgart 191100 Mai 04