Communications

Frankfurt, December 30, 2022 - Ferax Capital AG (WKN A2LQ71, ISIN DE000A2LQ710), an investment company in transition with a former focus on small caps, has sold its former 100% subsidiary Ferax Capital Beratungs GmbH as part of its realignment. The successful acquisition of Camping Lodge AG, a leading Swiss provider of campsite services, will change the company's focus, says Ferax AG CEO Sascha Magsamen. The successfully established consulting business was concentrated in Ferax Capital Beratungs GmbH. The buyer is PVM Private Values Media AG from Frankfurt am Main, which will give the company a new and long-term home. The purchase price has already been paid; the parties have agreed not to disclose further details of the transaction.

Frankfurt am Main, 24.11.2022. Ferax Capital AG, an investment company focusing on second-line stocks, announces the final figures for the financial year 2021. There were no deviations from the preliminary figures reported on 11/18/2022. In 2021, a net profit of 0.01 million euros (previous year: 0.48 million euros), and thus a black zero, was achieved. The Executive Board's forecast was thus only achieved at the lower end of the range. The Annual General Meeting for the completed financial year and the financial year 2022 is expected to be convened at the end of January 2023 and is likely to be held as an attendance event.

Ferax Capital AG expects an earnings corridor in the operating business of -200,000 to +200,000 euros for the year soon to end. Due to the decided withdrawal from the business with unlisted investments as well as closed-end funds, an extraordinary loss in a significant six-digit amount is expected. The business area will be completely discontinued at the end of the year, with the corresponding impact on the balance sheet. The balance sheet equity will be significantly reduced accordingly The securities trading activities of Ferax Capital AG, which have been customary to date, were already significantly reduced in the 3rd quarter, and positions were also reduced.

The Management Board

Frankfurt am Main, 18.11.2022. Ferax Capital AG, an investment company focusing on second-line stocks, announces the unaudited figures for the financial year 2021. In 2021, a net profit of 0.01 million euros (previous year: 0.48 million euros), and thus a just positive result, was achieved. Accordingly, the Executive Board's forecast was only achieved at the lower end of the range. The Annual General Meeting for the past financial year will be convened in the near future and is expected to be held in person.

As is customary in the case of investment companies, the narrow net income for the year resulted mainly from disposals and valuation changes of investments and from trading income. The total operating performance, which mainly resulted from the securities business, amounted to 0.39 million euros (previous year: 0.52 million euros). Personnel expenses were slightly lower at EUR 0.02 million (previous year: EUR 0.03 million). Since December 31, 2019, the company has not employed any staff in addition to the Management Board. Other operating expenses decreased slightly to EUR 0.09 million (previous year: EUR 0.10 million).

The balance sheet total increased moderately to 8.89 million euros (previous year: 8.01 million euros), while equity amounted to 7.48 million euros (previous year: 7.13 million euros). There were liabilities to banks from Lombard loans amounting to 0.83 million euros (previous year: 0.12 million euros) and other liabilities amounting to 0.55 million euros. Cash on hand amounted to 0.01 million euros (previous year: 0.12 million euros). Accruals remained constant at 0.03 million euros. Fixed assets decreased slightly to 1.22 million euros (previous year: 1.29 million euros), while current assets increased to 7.19 million euros (previous year: 6.75 million euros).

The Company's share capital amounts to 633,600.00 euros and is divided into the same number of no-par value shares. There is a capital reserve of 5,825,901.61 million euros. The balance sheet equity of the Company thus amounts to 11.54 euros per share.

The stock market year 2021 was turbulent. The company is not satisfied with the targets achieved. The stock market year 2022 started with high volatilities, which make solid earnings planning difficult. The bull market in standard stocks does not reflect the situation in the small cap sector, the company's primary investment universe. Ferax Capital AG expects an earnings corridor of - 200,000.00 to + 200,000.00 euros for 2022. The effects of the decided complete withdrawal from the business with unlisted investments are not yet taken into account.

The Management Board

Frankfurt, September 1, 2021 Ferax Capital AG, an investment company focusing on second-line stocks, successfully held its Annual General Meeting for the 2020 financial year as a virtual meeting. The agenda consisted, among other things, of the presentation of the 2020 annual financial statements and the discharge of the Management Board and Supervisory Board, which was approved by nearly 100% of the capital present. The proposal of the Executive Board and Supervisory Board to elect an auditor for the voluntary audit of the annual financial statements in 2021 was not approved by the core shareholder Concilium AG, so that this agenda item did not receive the required majority.

The Executive Board reaffirmed the forecast for 2020 already issued in June, in which an earnings corridor of 150,000 to 250,000 euros is expected. Compliance with the forecast is essentially dependent on further developments on the capital markets. The company is confident that it will continue to be able to generate positive annual surpluses and thus added value for shareholders. "As before, our main focus is on low volatility of earnings as well as maintaining the substance of the company's capital," said CEO Sascha Magsamen. As of Dec. 31, 2020, the company's balance sheet equity stood at EUR 11.55 per share, while its share capital amounts to EUR 633,600 and is divided into the same number of shares.

The Management Board