15.03.2017 – 06:50

EEII AG

EQS-Adhoc: EEII AG: EEII AG publishes annual results 2016

EQS Group-Ad-hoc: EEII AG / Key word(s): Final Results/AGM/EGM
EEII AG: EEII AG publishes annual results 2016

15-March-2017 / 06:47 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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Ad-Hoc Information: EEII Annual Results
Zug, March 15th2017

EEII AG reports the annual results 2016

The higher market value of the Company's investment portfolio paired with lower
operating costs were the main contributors towards a slightly improved end-year
result for 2016, compared to a net loss for 2015 of CHF 3.25 Mio. The net asset
value (NAV) of CHF 3.49 per share remained resilient (2015: CHF 3.48).EEII
completed the financial year with a net profit amounting to CHF 14,108.

After a rather weak start into the year, global commodity prices recovered and
allowed for the major investment holdings in EEII's portfolio to substantially
improve in value. Gazprom, e.g., increased by 44 % year-to-date, and the share
price of the copper mining company KAZ Minerals sharply advanced from a year-low
of GBP 1 to GBP 3.65. This satisfying share price development helped to offset
the continuously difficult market environment of the Ukrainian stock market.
Ukrnafta, another important equity holding of the Company, decreased in value
once more, putting a further strain on the Company's NAV by losing 46% of its
value or CHF 1 Mio, resp. While the result of the previous year had been
significantly affected by currency losses, currencies in the foreign exchange
markets relevant for EEII proved to be at par and well balanced overall. The
Ukrainian Hryvna devalued by 10 % in 2016 (2015: - 34%); on the other hand, the
Russian Ruble gained 20 % versus the CHF (2015: -29%).

Further developments of the Company's Net Asset Value will, in the short term,
be largely dependent on the value of the underlying commodities. For a long term
and sustainable improvement of the investment environment in EEII's target
markets, a fundamental political stabilization and resolution of the conflict in
Eastern Ukraine is a critical requirement.

The full annual report for 2016 is available underwww.eeii.chusing the link
-http://www.eeii.ch/reports/2016.html.

EEII AG's Annual General Meeting will take place April 12, 2017, at 11.00h at
the Parkhotel in Zug.

For comprehensive information about the AGM, please refer to:
www.eeii.ch

For further information, please contact:

Marcus H. Bühler, CEO(Tel: +41-44-552 43 43).
EEII is quoted on the Swiss Exchange (SIX) (Bloomberg: EEII SW Equity).

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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  EEII AG

          Alpenstrasse 15

          6304  Zug

          Switzerland

Phone:    +41 41 729 42 80

Fax:      +41 41 729 42 29

E-mail:    info@eeii.ch

Internet: www.eeii.ch

ISIN:     CH0007162958

Valor:    940179

Listed:   SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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554165  15-March-2017 CET/CEST