18.02.2005 – 07:21

Alpine Select AG

euro adhoc: Alpine Select AG
Mergers - Acquisitions - Takeovers / Alpine Select sells EIC Electricity Investment

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

18.02.2005

Zug, 17. February 2005: Alpine Select AG (the "Company" or "Alpine")
announces today that it has lead a group of shareholders to sell a
70.45% participation in the investment company EIC Electricity SA,
Geneva, for an aggregate consideration of CHF 16.7 million. The
purchaser, Gehold SA, Geneva, acquired from Alpine 1’076’112 shares
in EIC Electricity at CHF 15.50 a share. This represents a premium of
CHF 0.70 per share to the NAV of CHF 14.80 per share as reported on
16 February 2005.

As a consequence of this sale, Gehold SA is required to submit a
mandatory offer to all other sharehodlers for a consideration similar
to the one received by the Company.

end of announcement                    euro adhoc 18.02.2005 05:48:51 

Further inquiry note:

For further enquiries please contact:

Dr. Hermann Strehler
Alpine Select AG, Bahnhofstrasse 23, 6300 Zug
Telefon 041 720 44 11, Fax 041 720 44 12
hstrehler@alpine-select.ch / www.alpine-select.ch

Branche: Financial & Business Services
ISIN: CH0008441229
WKN: 844122
Index:
Börsen: SWX Swiss Exchange / official dealing