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ADC African Development Corporation GmbH & Co. KGaA: ADC successfully places a capital increase against cash contributions of 764,614 shares

Cash proceeds of about EUR 9.2 million for further acquisitions

(PresseBox) (Frankfurt/Main, ) ADC African Development Corporation (ADC), ISIN DE000A1E8NW9, a fast growing financial services group focusing on the frontier markets of sub-Saharan Africa, has successfully closed a capital increase which was resolved on 07 December 2011, raising EUR 9.2 million for further acquisitions and investments. A total of 764,614 new shares were issued by partial utilization of the authorized capital. A portion of the shares were sold to existing investors while the remainder was in high demand with institutional investors. All shares sold for EUR 12.00 per share.

The new shares are intended to be registered in the commercial register on 28 December 2011, increasing the share capital from EUR 7,646,150 to EUR 8,410,764 by issuing 764,614 new non-par registered shares with a nominal value of EUR 1.00 per share.

It is anticipated that the new shares will be included into the existing listing on the Frankfurt Stock Exchange on 30 December 2011.

The gross cash proceeds from the capital increase amount to approximately EUR 9.2 million and enables ADC to make further investments in the promising sub-Saharan African market in order to continue its growth and success of the last four years. The company intends to close a new, large acquisition shortly.

Olaf Meier, Managing Director of ADC, comments: 'The high demand and successful placement of the new shares in a difficult market environment illustrates the trust of our shareholders in our business model as well as the rising importance of African investments for international investors. This confidence has emerged due to continued strong growth in ADC's target markets as well as from the impressive development of our portfolio companies. We would like to thank our existing shareholders for their continued support and belief in our business model. We are optimistic that 2012 will continue to be as successful as the last years. At the beginning of next year we will come up with a forecast for the full year 2012 but we do expect it to come in well above a planned-EBIT of EUR 10.0 million.'

About ADC African Development Corporation GmbH & Co. KGaA

Belonging to the Angermayer, Brumm & Lange Group, ADC African Development Corporation, ISIN DE000A1E8NW9 (ticker symbol: AZC.GR), was established in September 2007 and quickly positioned itself as one of the leading investors for banks and insurance companies in the above-average growth markets of sub-Saharan Africa. The company's success is primarily due to its local management team, which follows international best practice principles to further develop banks and implements conventional international processes to in-crease their profitability. As the second international emerging market investor in the world, ADC was integrated into the insurance solution offered by the Multilateral Investment Guarantee Agency ('MIGA'), a member of the World Bank Group, primarily due to its strong operational approach and adherence to the highest ethical standards. This insurance offers protection against a variety of political risks, in particular the risk of radical political change.

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