Impera Total Return AG Records Net Income of EUR 634.600 in H1 2008

• NAV per share reaches EUR 2,73
• Profitable equity sales and expansive participation in new segments

Frankfurt, August 13, 2008 - Despite continuing uncertainty in the capital markets, IMPERA Total Return AG managed to achieve positive results in the first half of 2008, reporting an operational income of EUR 634.600 (vs. EUR 1.153.200 in H1 2007) and an identical net income of EUR 634.600 (vs. EUR 1.076.400 in H1 2007). Compared to the net income of EUR EUR 55.900 recorded in Q1 2008, the profit of the company has obviously significantly improved in the meantime. Net Asset Value (NAV) per share increased from EUR 2.61 at the end of March 2008 to EUR 2.73 at the end of June 2008.

The profitable equity sales were the profit growth engine in the second quarter of 2008. IMPERA exited its investments in KlickTel AG and corpcom corporate communications GmbH in April through trade-sales and realized strong returns on investment. Trade-sales have emerged as an attractive alternative to IPO exits during the uncertain market environment and IMPERA can lever its international network to tap these new opportunities.

IMPERA continued to expand in new segments and win important partners within the new investments. IMPERA acquired an equity participation of around EUR 200.000 in Deutsche Rohstoff AG. Co-investors included, among others, BASF Venture Capital GmbH, a fund which invests in companies developing innovative technologies and materials. In addition, IMPERA invested EUR 250.000 in Mountain Cleantech AG, which is active in the fast-growing clean energy sector.

IMPERA also further increased its share in the promising IT company n.runs AG, reaching a participation of 13% after the latest capital increase in May 2008. IMPERA has been invested in n.runs AG since the company's IPO in 2006. n.runs recorded a substantial increase in project volumes and customer base in the current year and also managed to expand from the IT consulting business to software solutions providing.

In H1 2008 IMPERA recorded proceeds of EUR 973.100 (vs. EUR 1.082.500 in H1 2007) from the sale of fixed assets and proceeds of EUR 71.700 (vs. EUR 436.100 in H1 2007) from the sale of current assets. Revenues from corporate finance mandates amounted to EUR 19.800 (vs. EUR 167.900 in H1 2007).

Current holdings amounted EUR 8.186.700 on 30.06.2008 (vs. EUR 8.454.600 on 31.12.2007) and equity capital increased at EUR 10.138.600 from EUR 10.773.200 at the end of 2007. As total assets amounted EUR 11.436.200 (vs.EUR 10.227.300 on 31.12.2007), the implied equity-to-assets ratio increased to 94.2%, with a share book value of EUR 2,24 Euro (4.800.000 shares outstanding).

IMPERA leaves unchanged its stated objective of achieving a positive after-tax net income at the end of 2008.