SCANDINAVIAN PRIVATE EQUITY A/S, SPEAS

SPEAS is the first listed company in Denmark to offer a wide group of investors access to invest in private equity funds.
SPEAS was admitted for listing on NASDAQ OMX Copenhagen A/S, as from 12 February 2007. Through the offering of shares, SPEAS obtained gross proceeds of DKK 1bn and more than 2,000 shareholders.
As a fund-of-funds investor the primary object of SPEAS is to make investment commitments to private equity funds and thereby invest as much as possible of its capital through such funds.

The objective for SPEAS is over an investment cycle to generate attractive returns investing in private equity and that these returns in the long term exceed the general stock market return.

Private equity is a long term investment. It is therefore not recommendable to invest in a listed private equity fund-of-funds company with expectations of a short term gain.

What is private equity?

Please read more here

Tax status

SPEAS has now been classified as a tax-exempt investment company as from 1 February 2009, implying that Danish investors will be taxed on the basis of the price development. This does not alter SPEAS's book value or outlook. Please refer here for more information

- Per share	DKK	16,503

Assets
- Private equity	DKKm	461
- Listed shares	DKKm	59
- Cash	DKKm	274

- EQT V	EURm	40
- IK 2007	EURm	25
- Litorina III	SEKm	100
- Apax Europe VII	EURm	30
- Herkules PEF III	NOKm	100