06.03.2013 – 07:13

EEII AG

EANS-Adhoc: EEII AG publishes annual results per 12-31-2012 EEII reports a net loss of CHF 13.4 mio (2011: net loss of CHF 7.6 million) for the year 2012. In this period the fair value of EEII's equity holdings decreased by almost 50 % or CHF 13.8 ...

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annual result/annual report
06.03.2013


During the reporting period, EEII's net asset value (NAV) decreased by 56 % from
CHF 22.44 to 9.77 per share. This large decrease is partially explained by a
dividend payment of CHF 3.50 per share, which the Company announced and
distributed to its shareholders in the first quarter of 2012. This dividend
payout to shareholders amounted to CHF 5,343,533 and explains 16 % of the NAV
decrease in 2012.
 
In absolute terms, the Company reports a net loss of CHF 13.4 million (2011: net
loss of CHF 7.6 million). The investment holdings of EEII remained unchanged
during the reporting period. The fair value of the equity holdings thereby
decreased by almost 50 % in 2012 (around CHF 13.8 million). 

Beyond the dividend payout, the other economic key drivers for the loss were the
negative share price performances of the primary investments in a deteriorating
market environment. The Ukrainian electricity companies in the portfolio of EEII
suffered price declines of almost 50 % while the share price of Ukrnafta, the
leading Ukrainian oil and gas producer, decreased by 68 % and Gazprom lost 13 %
in value in 2012. Also the Kazakh, UK listed natural resources group Eurasian
Natural Resources Corporation "ENRC" could not escape the general downtrend in
the natural resources sector, and more than halved its share value in 2012.

For further details also see www.eeii.ch/reports/2012.html 

The Annual General Meeting of EEII AG will take place on March 28, 2013, at 11
a.m. at the Parkhotel Zug in Zug.
 
For questions please contact:
Mr. Beat Imwinkelried (Phone: +41-43-299 62 00). EEII is listed on the Swiss
Exchange (SIX) (Bloomberg: EEII SW Equity).

end of ad-hoc-announcement
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EEII AG is an investment company listed on the Swiss Exchange SIX. The
investment objective of the Company is to maximize long-term returns to
shareholders through investments in strategically selected companies active in
the energy and infrastructure sectors, with a special focus on emerging markets
and in particular the Former Soviet Union. 

Further inquiry note:
Andres Heusser / AILSF / ++41 43 299 62 11 /  andres.heusser@ailsf.ch

end of announcement                               euro adhoc 
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issuer:      EEII AG
             Alpenstrasse 15
             CH-6300 Zug
phone:       +41 (0)41 41 729 42 80
FAX:         +41 (0)41 729 42 29
mail:         info@eeii.ch
WWW:      www.eeii.ch
sector:      Electricity Production & Distribution
ISIN:        CH0007162958
indexes:     
stockmarkets: official dealing: SIX Swiss Exchange 
language:   English