BAVARIA Industriekapital AG publishes financial report for third quarter

Munich, November 26 2007: BAVARIA Industriekapital AG is continuing on its growth track: sales revenues in the Group increased by around 41% to more than EUR 291 million in the first nine months of 2007, mainly on the back of a change in the scope of consolidation. EBITDA in operating subsidiaries rose from EUR 10.2 million to EUR 11.5 million. Portfolio companies which have been included in our portfolio for less than one year (Elfotec AG, Swisstex AG and Almec S.p.A.) and have therefore not been fully turned around as yet contributed a total of EUR -3.9 million to the result. In the first three quarters of 2007 Group EBITDA reached EUR 10.6 million. This figure had been about EUR 20 million higher in the previous year on the back of releasing negative goodwill (non-cash relevant). Under the assumption of a stable investment portfolio we are expecting operating EBITDA of at least EUR 22 million (without releasing negative goodwill). Our positive outlook is based on traditionally higher profits generated by equipment engineering companies in the fourth quarter. This is also driven by double-digit million earnings from the sale of our investment Hamba Filltec on 15 October 2007. Since BAVARIA Industriekapital AG was founded in 2003 sales revenues have increased by 110% on average. At the end of 2007, the sales revenues figure is forecast to reach around EUR 440 million. New investments are only consolidated from the point of their acquisition. The successful turnaround business is reflected in the development of the results of BAVARIA's investments: in all the material investments EBITDA increased by a total of EUR 63 million compared to one year before being acquired. CEO Reimar Scholz explains: "We are of the opinion that our portfolio companies offer considerable potential to increase earnings. In addition, further acquisitions are expected for the near future. Our confidence is also expressed in the fact that we are going to continue to buy own shares based on the current authorization issued: effective 23 November a total of around 100,000 shares were bought back for EUR 1.3 million, about 1.5% of authorized capital." BAVARIA Industriekapital AG's 2006 revenues were EUR 333 million, with an EBITDA of EUR 51 million. The company is listed in the Entry Standard on the Frankfurt Stock Exchange (ISIN DE0002605557). Headquartered in Munich, this industrial group invests in companies with strong market positions and a potential to improve profits. For further information please contact: BAVARIA Industriekapital AG Frau Svea Tröster Investor Relations svea.troester(AT) Tel +49 (0)89 7298 967 20 --- End of Message --- BAVARIA Industriekapital AG Bavariaring 18 München Germany WKN: 260555; ISIN: DE0002605557; Listed: Entry Standard in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover;