EEII : 2024 Q1 (en)

1st Quarter 2024 Report

• / Overview

The net asset value per share ("NAV") stood at CHF -0.01 on March 31st 2024 (Q4 2023: CHF 0.04 per share), which corresponds to a decrease of 116.7 % compared to the previous quarter. The decline is due entirely to the Company's ongoing operating costs. The valuation of the Gazprom shares in EEII's portfolio has not changed.

Independent of the value of the NAV, the Company's ability to meet its obligations is secured by fully subordinated loans in the sense of Art. 725 b Para 4 Swiss CO.

• / Investments

Portfolio composition and news

The Company will start its new investment programme upon the finalization of its new investment strategy, which is subject to approval by the shareholders at the AGM on June 24th.

With regard to its last remaining asset that was acquired while the old investment focus of the Company was still in place, i.e., the Gazprom shares, the Company has taken up negotiations to sell the position in an OTC transaction. Given the current sanctions to trade Russian assets, the exact transaction date cannot be determined at the current stage.

With the sale of the Gazprom shares, all the legacy issues will be sorted out and EEII is ready to implement the new investment strategy focused on energy infrastructure in Switzerland and Europe.

• / Future Prospects

During the course of 2024 EEII is planning to increase the shareholders capital in order to regain it's flexibility to manage successfully the new portfolio.

› Facts and figures

History	›	Inception	8/97
	›	Public listing (SWX)	1/99
	›	Capital reduction	4/03
	›	Capital decrease	8/14
Capital structure	›	1,527,510 bearer shares
	›	par value of CHF 7.10
	›	Last payment to the share-
		holders of CHF 1.12 derived
		from the capital decrease (ex-
		date 26/08/2014)
Board of directors	›	Victor L. Gnehm (Chairman)
	›	Alexandre U. Uldry

Advisory fee Flat fee, payable quarterly

Share identification › Valor 716 295

• ISIN CH0007162958

Bloomberg	EEII SW Equity
Registered office	EEII AG
	Alpenstrasse 15
	6300 Zug
CEO	Alexandre U. Uldry
Advisor	Weissenstein & Partner AG,
	Zurich
Administrator	MSZ Group AG Zug
Custodian	UBS AG, Zug
Auditor	Berney Associés Audit SA,
	Genève
Independent Rep.	Philipp Andermatt, Bright Law AG
of Shareholders
Portfolio	per share	MCHF	%
Net current assets			-0.03	NA%
Investments			0.02	NA%
Total assets			-0.01	NA%
NAV (31/03/24)		-0.01	-0.01
NAV (31/12/23)	audited	0.04	0.02
NAV (30/09/23)		0.14	0.21
NAV (30/06/23)		0.19	0.30
NAV (31/03/23)		0.26	0.40
NAV (31/12/22)	audited	0.31	0.47
NAV (30/09/22)		3.80	5.8

Investments	at	fair	owner-
(in 1,000 CHF)	cost	value	ship
Gazprom	8,143	0,003	0.00%
Total	8,143	0,003

EEII AG l Alpenstrasse 15 l 6300 Zug l Switzerland

www.eeii.ch l [e-mail] l phone [phone] l fax [phone]