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SWX Swiss Exchange: New Value (NEWN) Opens At CHF 18.50

Date 16/05/2006

Shares in Swiss-based New Value were traded in the SWX Swiss Exchange's investment company segment for the first time today. The issue price was set at CHF 18.25. The opening price on the SWX stood at CHF 18.50, corresponding to a market capitalisation of CHF 60.8 million.

According to the listing prospectus, of the 3,287,233 bearer shares entered in the Swiss Commercial Register, 1,095,129 or 33.31% of all outstanding shares have been placed with the public. 1,095,129 of the placed shares originate from an IPO-related capital increase.

New Value is a private equity investment company with a diversified portfolio of innovative growth companies with a focus on Switzerland and the German-speaking region. Its active, entrepreneurial investment approach also involves maintaining the highest ethical standards.

The company's most recent audited annual financial statements (2004/2005, as at 31 March 2005) show income of CHF 0.2 million.