Quantitative sensitivity analysis for periodically recurring fair value

measurement within Level 3

The multiples method is chiefly used for the fair value measurement of financial instruments within Level 3.

A change in the underlying multiples of + / - 0.1 would have an effect of T€1,475 (previous year: T€1,204) on the fair value of financial instruments categorised within Level 3.

1 4 . I S S U A N C E S , R E P U R C H A S E S , A N D R E P AY M E N T S O F E Q U I T Y I N S T R U M E N T S A N D D E B T I N S T R U M E N T S

Equity or debt instruments were neither issued, repur-chased, nor repaid in the first six months of financial year 2013 / 2014.

1 5 . D I V I D E N D S P A I D

IIn the second quarter of financial year 2013 / 2014, a dividend of 0.40 euros per no-par value share and a surplus dividend of 0.80 euros per no-par value share were paid. This equals a total dividend payment of 16,411,630.80 euros.

1 6 . S E G M E N T I N F O R M AT I O N

The Deutsche Beteiligungs AG Group is a one-segment company. Accounting-related information is only pre sented for the Company as a whole (see description in the 2012 / 2013 Annual Report, page 183).

17. R E L AT E D P A R T Y T R A N S A C T I O N S

At 30 April 2014, the members of the Board of Management held the following numbers of shares in the Company: Torsten Grede 20,323; Dr Rolf Scheffels 10,290;

Susanne Zeidler 1,000. Of the members of the Supervisory Board, Roland Frobel held 2,000 shares; Philipp Möller 1,000 shares; and Wilken von Hodenberg 30,000 shares in Deutsche Beteiligungs AG. Period from1 Nov. 2013 to 30 Apr. 2014

DBG Advisors V GmbH & Co. KG 16 11 3,105 2,312 378 209

Key management personnel and former key management personnel did not make investments in related companies in the first six months of financial year 2013 / 2014, nor received repayments from parties related to DBAG FU N D I V.

Key management personnel and former key management personnel have made the following investments in related companies in the first six months of financial year 2013 / 2014 and received the following repayments from parties related to DBAG FU N D V:

The negative investments in the financial year by the Management Board members resulted from a change in the partner structure of DBG Advisors Expansion GmbH

& Co. KG. Within the scope of that change, the capital

contributions previously held by current and former members of the Board of Management were sold to senior executives and other members of the investment team. Period from1 Nov. 2013 to 30 Apr. 2014

DBG Advisors Expansion GmbH & Co. KG (210) 205 42 205 0 0

Key management personnel and former key management personnel have made the following investments in the first six months of financial year 2013 / 2014 and received

the following repayments from parties related to D B AG E X PA N S I O N C A P I TA L FU N D:

Negative investments in the financial year by the Management Board members (T€430) resulted from a change in the partner structure of DBG Advisors VI GmbH & Co. KG. Within the scope of that change, the capital contributions previously held by current and former members of the Board of Management were sold to senior executives and other members of the investment team. Furthermore, negative investments (T€595) resulted from the repayment of a bridge-over loan extended within the scope of an investment transaction.

Apart from these, there were no related party transactions in the first six months of financial year 2013 / 2014 materially affecting the asset, financial or earnings position of the Group in this period.

1 8 . C H A N G E S I N T H E C O M P O S I T I O N O F T H E G R O U P

There were no changes in the composition of the Deutsche Beteiligungs AG Group compared with the status at 31 October 2013.

1 9 . S I G N I F I C A N T E V E N T S A F T E R T H E E N D O F T H E R E P O R T I N G P E R I O D Please refer to the preceding section of this interim report.

Key management personnel and former key manage-ment personnel have made the following investmanage-ments in the first six months of financial year 2013 / 2014 and

received the following repayments from parties related to DBAG FU N D V I : Period from1 Nov. 2013 to 30 Apr. 2014

DBG Advisors VI GmbH & Co. KG (1,025) 345 240 345 1 0

2 0 . A U D I T / R E V I E W

The condensed half-yearly financial statements and management’s interim report at 30 April 2014 were neither audited in conformity with § 317 HGB (German Commercial Code), nor reviewed by an independent auditor in accordance with § 37w WpHG (German Securities Trading Act).

2 1 . S TAT E M E N T O F R E S P O N S I B I L I T Y

We confirm to the best of our knowledge and consistent with the applicable reporting principles for interim financial reporting that the consolidated interim financial statements give a true and fair view of the asset, financial and earnings position of the Group and the management’s report presents a true and fair view of the business development and the position of the Group, including a discussion of the material opportunities and risks associated with the Group’s expected development for the remaining part of the financial year.

Frankfurt am Main, 12 June 2014

The Board of Management

Torsten Grede Dr Rolf Scheffels Susanne Zeidler

P O R T F O L I O CO M PA N I E S

A developer and manufacturer of machines and lines for automatic assembly of aircraft Clyde Bergemann Group,

Wesel (Germany) / Glasgow (UK )/ Delaware (USA)

544.8

(US$mn. FY 12 / 13) 1,700

A developer and manufacturer of components for coal-fired power plants

Dahlewitzer Landbäckerei GmbH,

Pasewalk (Germany) 99.0* 2,300

Bakery chain with outlets in supermarkets, own bakery shops and cafés and wholesaler of baked goods

DNS:NET Internet Service GmbH,

Berlin (Germany) 10.7* 30

A provider of telecommunication and IT services based on high-speed fibre-optic infrastructure FDG Group,

Orly (France) 110.0 760

A non-food category manager for supermarkets in France and other countries Formel D GmbH,

Troisdorf (Germany) 137.1 3,300

A services provider to automobile manufacturers and their suppliers Grohmann GmbH,

Prüm (Germany) 94.0* 850

A developer and provider of plants for industrial automation

Heytex Bramsche GmbH,

Bramsche (Germany) 67.9 330

A manufacturer of textile print media and technical textiles

Homag Group AG,

Schopfloch (Germany) 788.8 5,038

A provider of woodworking machines and plants for the furniture and construction supplies industries

A provider and operator of high-speed telecommunications infrastructure (fibre-optic networks)

JCK Holding GmbH Textil KG,

Quakenbrück (Germany) 520.6 1,052 A marketer of textiles

Plant Systems & Services PSS GmbH,

Bochum (Germany) 37.1 190

A provider of industrial services for the energy and process industries Romaco Group,

Karlsruhe (Germany)

102.6

(FY 12 / 13) 450

A developer and manufacturer of machines and plants for packaging and process technologies Schülerhilfe (ZGS Bildungs-GmbH),

Gelsenkirchen (Germany) 46.4 1,000

A provider of tutoring and education services

Spheros GmbH,

Gilching (Germany) 189.6 800

A developer and manufacturer of air conditioning and heating systems, water pumps and roof hatches for buses

Stephan Machinery GmbH,

Hameln (Germany) 42.0 180

A developer and manufacturer of machines and process lines for processing of liquid or semi-liquid food products

* preliminary

O T H E R

I N F O R M AT I O N

O T H E R I N F O R M AT I O N

N O T E

This interim report is published in German and in English.

The German version of this report is authoritative.

F O R W A R D - L O O K I N G S TAT E M E N T S

This interim report contains forward-looking statements related to the prospects and progress of Deutsche Beteiligungs AG. These statements reflect the current views of the management of Deutsche Beteiligungs AG and are based on projections, estimates and expectations.

Our assumptions are subject to risks and uncertainties, and actual results may vary materially. Although we believe these forward-looking statements to be realistic, there can be no guarantee.

Status: 12 June 2014

© Deutsche Beteiligungs AG 2014

Incorporated in the Commercial Register at the District Court in Frankfurt am Main Handelsregister B 52 491

F I N A N C I A L C A L E N D A R

1 3 J U N E 2 0 1 4 Report on the

2nd Quarter 2013 / 2014 Analysts’ Conference Call, Frankfurt am Main

1 2 S E P T E M B E R 2 0 1 4 Report on the

3rd Quarter 2013 / 2014 Analysts’ Conference Call, Frankfurt am Main

2 6 N O V E M B E R 2 0 1 4 German Equity Forum (Analysts’ Conference), Frankfurt am Main

Thomas Franke Börsenstrasse 1

D-60313 Frankfurt am Main Telephone: +49 69 95787–361 Fax: +49 69 95787–391 E-Mail: [email protected] Internet: www.deutsche-beteiligung.de

ISIN DE 000A1TNUT7 Symbol: DBAGn (Reuters) – DBAN (Bloomberg)