Mountain Alliance AG publishes Annual Report 2023 - Net Asset Value per
share at EUR 6.64

EQS-News: Mountain Alliance AG / Key word(s): Annual Results/Annual Report
Mountain Alliance AG publishes Annual Report 2023 - Net Asset Value per
share at EUR 6.64

07.05.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Mountain Alliance AG publishes Annual Report 2023 - Net Asset Value per
share at EUR 6.64

  * Net Asset Value (NAV) at EUR 45.7 million (December 31, 2022: EUR 47.4
    million)

* NAV per share at EUR 6.64 (December 31, 2022: EUR 6.89)

* Portfolio adjusted through sale of listed investments

* Very promising exit pipeline

Munich, May 7, 2024 - Mountain Alliance AG (MA, ISIN DE000A12UK08) today
publishes its annual report 2023 and its Net Asset Value (NAV) as at
December 31, 2023. The annual report of Mountain Alliance AG has been
prepared in accordance with the German Commercial Code (HGB) and the German
Stock Corporation Act (AktG).

The business development of Mountain Alliance AG in the reporting year was
influenced by the challenging geopolitical conditions with the ongoing war
in Ukraine and the Middle East conflict that emerged in October 2023, as
well as the challenging economic development overall. Mountain Alliance AG
generated sales of EUR 150,217 in the financial year 2023 in accordance with
the German Commercial Code (HGB), compared to EUR 69,603 in the previous year.
Earnings after taxes amounted to EUR -1,097,173 after EUR -835,406 in the
previous year. On a net basis, the net loss for the financial year 2023
amounted to EUR -1,097,484 after a loss of EUR -835,893 in the previous year.
The earnings performance reflects, in particular, inflationary trends in
personnel costs, higher interest payments due to rising market interest
rates, lower income from investments compared to the previous year and
impairments in the course of the sale of the listed investments in Exasol AG
and Bio-Gate AG as part of the strategic focus.

These factors also influenced the performance of the portfolio, while the
core portfolio excluding the listed investments remained largely stable. The
portfolio value was EUR 47.5 million as at December 31, 2023, after EUR 49.3
million as at December 31, 2022. The decline was mainly due to the price
losses of the listed investments Exasol AG and Bio-Gate AG, which have since
been sold. Considering net financial liabilities of EUR 1.8 million, the net
asset value (NAV) of Mountain Alliance AG amounted to EUR 45.7 million after EUR
47.4 million at the end of 2022. Based on 6,885,584 outstanding shares, the
NAV per share as at December 31, 2023, was EUR 6.64 compared to EUR 6.89 as at
December 31, 2022.

"With the sale of the listed investments, Mountain Alliance AG took an
important step in 2023 to better emphasize our core competence on the
capital market, namely investing in promising private companies via our
network in the venture capital market. With this focus, Mountain Alliance
offers attractive access and thus added value for investors. With Lingoda,
among others, we have attractive investments in our portfolio in terms of
value, which are also ready for exit. After focusing our business in 2023
and adjusting our cost base, the focus for 2024 and beyond will be on the
strategic and operational expansion of the existing portfolio and increasing
NAV," says Dr. Hans Ulrich Tetzner, CEO of Mountain Alliance AG.

Calculation of MA Group´s Net Asset Value as at December 31, 2023

     NAV Segment                   in EUR million
     Technology                            30.8
     Digital Business Services              5.5
     Digital Retail                         6.4
     Meta-Platforms & Media                 2.6
     Investment Portfolio Value            45.3
     Net Financial Liabilities              1.8
     Net Asset Value (NAV)                 45.7
     NAV per Share (in EUR)                6.64

Within the portfolio, the expansion at our investment AlphaPet, which
focuses on premium pet food, is one of the highlights of the financial year
2023. The acquisition of the organic wet food brand Herrmann's Manufaktur in
the first quarter of 2023 strengthens AlphaPet's market position in Europe
and, with annual sales of around EUR 200 million, makes it one of the leading
digital brand platforms for pet food. Following the successful partial exits
from AlphaPet in the past, Mountain Alliance is currently aiming to sell its
remaining stake of around 1%.

The online language learning platform Lingoda, in which Mountain Alliance AG
holds around 7% and is also the most valuable investment with a valuation of
over EUR 200 million in the latest financing round, continued to grow in the
financial year 2023, which is reflected in a corresponding increase in
value.

Mountain Alliance AG's goal remains to expand the portfolio in the medium
term through organic growth and thus position it for promising exits in the
medium term. However, the geopolitical uncertainties and declining economic
momentum significantly limit the accuracy of the forecast, meaning that the
aforementioned target figures are subject to the assumption that external
factors do not deteriorate substantially.

The Annual Report 2023 is available for download at
www.mountain-alliance.de.

About Mountain Alliance AG:
Mountain Alliance AG (MA) (ISIN: DE000A12UK08) is an investment company
whose shares are listed in the SME segment m:access of the Munich Stock
Exchange and in the Basic Board of the Frankfurt Stock Exchange. As a lean,
transparent, and experienced investor with many years of know-how and an
excellent network, the company invests in innovative technology companies.
The aim is to invest at an early stage in companies and business models that
are actively shaping the future technology trends. The company gives
shareholders easy access to a diversified portfolio of technology-oriented
hidden champions via the stock exchange.

Contact:
Mountain Alliance AG
Dr. Hans Ulrich Tetzner
Sole Member of the Management Board
Theresienstr. 40
80333 Munich
e-mail: tetzner@mountain-alliance.de
www.mountain-alliance.de


CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Bahnhofstr. 98
82166 Graefelfing/Munich
phone: +49 89 1250903-30
e-mail: sh@crossalliance.de
www.crossalliance.de


---------------------------------------------------------------------------

07.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        Mountain Alliance AG
                   Theresienstraße 40
                   80333 München
                   Germany
   Phone:          +49 89 231 41 41 00
   Fax:            +49 89 231 41 41 11
   E-mail:         danner@mountain-alliance.de
   Internet:       www.mountain-alliance.de
   ISIN:           DE000A12UK08
   WKN:            A12UK0
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Basic Board), Munich (m:access), Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1894687

End of News EQS News Service
---------------------------------------------------------------------------

1894687 07.05.2024 CET/CEST