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euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen
quarterly or semiannual financial statement
ALTA FIDES AG continues its course towards expansion . ALTA FIDES AG publishes report on 1st quarter 2008

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
quaterly report
15.05.2008
During the first quarter of 2008 ALTA FIDES AG Group (ISIN:  
DE000A0B7EZ7) has considerably increased its total turnover and 
operating revenue by 77 % to EUR 18.3 million (Q1/2007: EUR 10.3 
million.) and generated an operating result of EUR 5.9 million 
(Q1/2007: EUR 4.08 million). During the period under review the 
profit for the financial year increased to EUR 3.2 million (Q1/2007: 
EUR 2.95 million). These parameters have to be evaluated against the 
backdrop of the cyclical course of the business of ALTA FIDES AG. 
Because of the course of the projects the sales and revenues 
generated by the company are traditionally much higher during the 
second half of the year.
In particular the business division "CAMPUS Real Estate" has an 
extremely high potential for growth within ALTA FIDES AG Group. 
During the first quarter of 2008, three further properties have 
already been acquired, while, at the same time, negotiations 
regarding the development of renowned university towns are in an 
advanced stage. The first projects comprising approx. 1,850 
apartments are already in the implementation stage or in development 
phase. For the year 2008 CAMPUS Real Estate AG expects a considerable
increase of the residential units through further acquisitions.
The Management Board
ALTA FIDES AG
Altenbergstraße 3
70180 Stuttgart
end of announcement                               euro adhoc

Further inquiry note:

Norbert Ketterer
CEO
Tel.: +49 (0)341 3552060
E-Mail: ir@altafides.de

Branche: Real Estate
ISIN: DE000A0B7EZ7
WKN: A0B7EZ
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade

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