News

EEII reports a net loss of 0.3 MCHF (H1 2014: net profit of 2 MCHF) for the first half of 2015. During the reporting period the fair value of EEII’s equity holdings remained unchanged and EEII’s net asset value (NAV) slightly decreased by 4 % from CHF 5.61 to 5.39 per share.

The recessionary climate of the emerging market economies in Eastern Europe, particularly in Russia and Ukraine whose economies are deeply affected by the ongoing border conflict between the two countries, combined with deteriorating energy commodity prices and a major weakening of the Ukrainian Hryvna (-29%), as well as the Russian Ruble, vis a vis the reporting currency, CHF, negatively affected EEII’s portfolio performance during the reporting period.

On the positive side, share price increases during the period of EEII’s two largest holdings, Ukrnafta (+1.2%), and Gazprom (+4.3%), made up for those negative developments, with the result that overall the value of EEII’s equity holdings remained virtually unchanged (./. 0.2%) for the period.

For further details also see the half-year report 06-30-2015 at www.eeii.ch/reports/2015.html

For questions please contact:

Mr. Beat Imwinkelried (Phone: +41-43-299 62 00). EEII is listed on the Swiss Exchange (SIX) (Bloomberg: EEII SW Equity).