New Hanza Capital, AS Results in H1 2017 New Han

New Hanza Capital, AS closed H1 2017 with a profit after tax of EUR 115,778. The profit is mainly related to rent income from the real estate objects acquired in 2016. The assets of the concern amounted to EUR 34.0m increasing by 70% compared to 31 December 2016. In order to facilitate growth of future investment real estate portfolio, during the reporting period the company increased its share capital increasing it in total from EUR 10.0m to EUR 25.0m.

In the beginning of 2017, New Hanza Capital, AS acquired 30% of the shares in the alternative investment fund manager SG Capital Partners AIFP, SIA. SG Capital Partners AIFP, SIA provides third party funds management services at an institutional level. In March 2017, SG Capital Partners AIFP, SIA established an investment fund SG Capital Partners Fund 1, KS amounting to EUR 41.0m. The fund is focusing on acquiring cash-flow generating assets in the sector of office and retail premises conforming to high sustainability criteria or having a potential to reach them.

Full New Hanza Capital, AS H1 2017 financial statements and management report are available on http://www.nh.capital/ .

This announcement contains inside information.

New Hanza Capital, AS, is an ABLV Group company investing in cash-flow generating commercial properties having future income potential. The company is focusing on acquiring real estate objects such as office buildings, warehouses, and logistics centres. The investment strategy implies both purchase of real estate objects and purchase of shares of companies owning the appropriate objects. A significant part of the company’s mission is long-term development of urban environment.

         Ilmārs Jargans          Head of Public Relations Department          ABLV Bank, AS          Tel.: +371 6777 5296          e-mail: ilmars.jargans@ablv.com