Corporate | 28 April 2005 12:10

bmp AG: bmp presents its Annual Report 2004

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— bmp presents its Annual Report 2004 – Turnover up to EUR 0.7 million – profit burdened by cost of capital increase – 2 new investments for the first time since 2001 – Increase in net asset value (NAV) to EUR 1.82/share Berlin, 28 April 2005 bmp AG (FSE: BTBA, WSE: BMP – ISIN DE0003304200), a leading venture capital company in Germany and Poland, has closed the financial year 2004 with turnover of EUR 0.7 million and consolidated losses of EUR 1.1 million. In the previous year, bmp recorded turnover of EUR 0.4 million and consolidated profits of EUR 2.2 million. Profits in 2004 were marked, above all, by special costs of a good EUR 1 million relating to the capital increase performed at the end of the year. Liquidity was strengthened considerably as a result of this capital measure and as at 31 December 2004 it was reported at EUR 10.1 million, compared with EUR 2.9 million at the same time in the previous year. This capital measure as well as a parallel reduction in liabilities caused the Group’s equity ratio to rise from 23.7% to 49.4%. bmp AG’s equity ratio is as high as 69.8%. In December 2004 bmp issued new shares and, in connection with this, acquired a parallel listing on the Warsaw Stock Exchange. bmp is thus the first German and the third European company to be listed in Warsaw. For the first time in 3 years, bmp AG made 2 new investments in 2004. The average growth of all bmp’s active holdings was around 40 % in 2004. Most of the companies are in the expansion phase and are operating profitably. The net asset value increased to EUR 1.82/share at the end of the year compared with EUR 1.76/share at the end of 2003. Given the trends of improvement in the venture capital market that emerged over the course of 2004, the increased liquidity is to be used specifically to further expand the investment portfolio in the current financial year too. “In 2005 we intend to utilise the opportunities emerging in the market through further new investments and sales of investments. We laid the foundations for this in 2004 with the positive performance of our investment portfolio”, said Oliver Borrmann, Chairman of the Management Board of bmp AG. For 2005, bmp is expecting a similar growth rate in holdings as in 2004 (around 40 %) with a significant increase in transactions. This year’s first purchase was the acquisition of a 12.5% stake in TFG Capital AG, which is also a listed company operating in the venture capital market. The investment promises considerable synergy potential. In addition, bmp realised its first exits of the year with the sale of shares in Mediport Venture Fonds GmbH as well as in Hírek Kft. in the 1st quarter of 2005. Overall, therefore, bmp currently holds shares in 20 companies in its active portfolio. About bmp AG: As one of the leading venture capital companies in Germany and Poland, bmp directly invests own funds in holdings and, at the same time, acts as a fund manager for institutional investors. With experience gained from more than 80 own holdings, seven stock market flotations as well as more than 20 trade sales from the portfolio, bmp is one of the most proficient venture capital companies in Germany and Poland. For further information: Corinna Riewe Investor Relations bmp AG Alt-Moabit 59-61 10555 Berlin Tel: +49 (0) 30-20 30 5-567 Fax: +49 (0) 30-20 30 535- 567 Email: criewe@bmp.com Internet: http://www.bmp.com Axel Mühlhaus Dr. Sönke Knop edicto GmbH Tel: +49 (0) 6084-948591 Fax: +49 (0) 6084-948592 Email: sknop@edicto.de This press release contains statements that relate neither to reported financial results nor to other historical data and are of a prognostic nature. These are forecasts about future results, trends, plans or objectives. Such statements are not to be regarded as assured, as they are naturally subject to known and unknown risks and uncertainties and can be influenced by other factors with the effect that bmp’s actual results and plans and objectives may differ significantly from the prognostic statements made or implied. Among the factors that may cause such deviations are changes in economic and business conditions, insolvencies of holdings, and changes in business strategy. bmp neither intends to update its prognostic statements nor is it responsible to do so. In addition, this press release represents neither an offer for the sale of individual share certificates made out to the bearer nor an invitation, an offer for the purchase of individual share certificates. Rather, it is for information purposes only. End of announcement (c)DGAP 28.04.2005 —————————————————————————— WKN: 330420; ISIN: DE0003304200; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart; Warschau 281210 Apr 05