Brief Overview about the History of PEH Wertpapier AG

1998: Initial public offering of PEH Wertpapier AG on Berlin Stock Exchange (in the so-called „Freiverkehrssegment“)

2000: Change of PEH Wertpapier AG stock to the „Geregelter Markt“ (regulated market) on Berlin Stock Exchange
Opening of offices in Stuttgart and Hamburg; Formation of „PB Privatbilanz AG“

2001: PEH takes a stake in AFiMA GmbH; Becomes founding partner of AXXION S.A./Luxembourg; Takes stake in “Absolute Plus, Cayman Island”.

2002: Volume of assets under management increases to 750 Mio. Euro.
Award given for the “Fund of the Year 2002”

2003: Volume of assets under management increases to 856 Mio. Euro, “Doppelgold“ (Double Gold Award) for each of the PEH Funds

2004: Lipper Fund Award 2004; two times “Doppelgold” for the PEH Q-Emerging Markets and the PEH Q-Discount

2005: Volume of assets under management increases to 1 Bln. Euro. 4 PEH Funds awarded “A” rating by Standard & Poors

2005: Lipper Fund Award Austria - PEH Best Fund Group over Three Years, Equity Group – Small

2005: PEH takes 100 % stake in the “Svea Kuschel + Kolleginnen Finanzberatung für Frauen” (Financial Management for women)

2006: PEH takes 98% stake in “VPM AG”, Vienna

2007: PEH takes more than 51 % stake in “Oaklet GmbH”

2007: PEH takes more than 50 % stake in "Titan GmbH”

2007: PEH absorbs the private client division of "IFL Rühl GmbH", Reutlingen

2008: Assets under management now over 4,3 bn. Euro

2008: At the end of the year the business of Titan Consult GmbH is completely integrated in the PEH division Institutional Clients.

2009: Since 1.1.2009 all tasks concerning services for private customers are concentrated in the PEH Vermögensmanagement GmbH.

2009: In May Absolute+Plus Ltd. is liquidated. PEH sees no further business possibilities in offshore administrated strategies.

2009: In July PEH Wertpapier AG sells the AFiMa GmbH shares to the founding participators.