Munich, July 1, 2014 – As requested by numerous investors, the AURELIUS Group (ISIN DE000A0JK2A8) is today publishing net asset values (NAVs) for the corporate group as a whole and individual subsidiaries for the first time. At EUR 1,067.6 million, the aggregate NAV of the AURELIUS Group is well (26 percent) above the present market capitalization of around EUR 850 million. The NAV figures for the individual Group companies can be found in the table at the end of this press release. AURELIUS intends to calculate and publish the NAVs at regular intervals going forward.

The calculation was made using a discounted cash flow model taking account of the budgets of the Group companies for the next three years (2014–2016). The growth rates assumed after this detailed planning period are in a moderate range of up to 2.0 percent. The weighted average cost of capital (WACC) used as underlying discount rates was calculated as of June 2014 on the basis of individual peer groups, totaling between 5.3 and 10.2 percent. The listed Group companies Berentzen-Gruppe AG and HanseYachts AG were included with their proportionate market capitalization at the reporting date of June 30, 2014 plus a control premium of 20 percent.

Net asset value of AURELIUS Group companies: