DGAP-News: Enterprise Holdings Limited continues growth by signing new niche insurance schemes: More than 50 million euro additional annual Gross Written Premium expected


DGAP-News: Enterprise Holdings Limited / Key word(s): Incoming
Orders/Monthly Figures
Enterprise Holdings Limited continues growth by signing new niche
insurance schemes: More than 50 million euro additional annual Gross
Written Premium expected

21.01.2013 / 09:00

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Enterprise Holdings Limited continues growth by signing new niche insurance
schemes:
More than 50 million euro additional annual Gross Written Premium expected 

Continuing strong profitable growth
In addition to the 36 million euro in annualised Gross Written Premium
(GWP) disclosed mid of October 2012, the management achieved to underwrite
additional new profitable insurance schemes of more than 50 million euro
annual GWP that contribute to the profitable growth strategy.

The following new Insurance Schemes have been signed within the last weeks:

Greek Car Insurance Business: >15m euro
Enterprise Insurance now is one of the largest car insurers in Greece. The
new account insures private cars and it is expected that it will generate
more than 15m euro in additional annualised GWP. With the existing schemes
Enterprise currently owns approximately 10 percent of market share of the
Greek car insurance business.
Andrew John Flowers, CEO and Founder of Enterprise Holdings: 'While the car
insurance risk is unlimited in the UK the risk for car insurers in Greece
is limited to 1 million euro per individual contract of which we transfer
500k euro to our reinsurance partners. This means that we can generate GWP
at a relative low risk level which results in a very profitable business.'

New Motor Business Insurance in Italy: 12m euro
With this new scheme Enterprise Insurance enters the Italian market and
insures lorries that must be owner-driven. Most of the lorries have a gross
vehicle weight of more than 3.5 tons. The new business will generate
additional 12m euro annualised GWP.
Andrew John Flowers, CEO and Founder of Enterprise Holdings: 'Drivers who
own the lorry take much more care of their vehicles which in many cases are
the basis to generate their daily income. Therefore we have a lower
portfolio risk combined with a competitive premium.'

UK National Health Service Scheme: 12m euro
This scheme insures approximately 9,900 company cars driven by the
employees of the UK National Health Service. Premium payments are made in
advance on a monthly basis.

Taxi Insurance in UK: 12m euro
Approximately 9,000 taxis located in the UK are included in this scheme.
All taxis insured must be owner-driven to ensure lower damage risk.
Andrew John Flowers, CEO and Founder of Enterprise Holdings: 'This new
account, that has been acquired by an insurance broker, brings us in the
number 1 position becoming the market leader in taxi insurance in the UK.'

Guidance
The company will continue its' growth strategy to double the annual GWP to
at least 180 million euro in the current fiscal year ending 31 March 2013.
Simultaneously Enterprise Holdings Group expects to generate a net profit
in the range of a single digit million euro amount.

Special Account
According to the terms and conditions of the bond, the issuer shall deposit
an amount equal to 50% of the issuer's estimated monthly net distributable
profits in a specially designated bank account until the monies deposited
in such account reach a level equivalent to the aggregate of the principal
amount of the Bond and any interest due during the term. Based on the
estimated figures the company transferred 375,000 euro for September,
475,000 euro for October, 450,000 euro for November and another 375,000
euro for December 2012 to the account. As of today the total amount
deposited in this separate bank account is 1,675,000 euro.
The balance of this account will be published regularly on the company's
website www.enterprise-holdings.de -> bond -> factsheet.

Bond issue
In September 2012 Enterprise Holdings Limited issued an A- rated bond in
the Entry Standard segment at Boerse Frankfurt (International Security
Identification Number (ISIN): DE000A1G9AQ4)
For more information about the bond issue please visit our website,
especially the section 'Bond' at www.enterprise-holdings.de


Enterprise Holdings Group - an owner-lead insurance firm
Lead by its founder the company holds several other subsidiaries together
with affiliated service companies. The group offers independent white label
solutions, apart from life insurance products. The affiliated companies
deliver insurance specific auditing services as well as control and
marketing services. The group focuses its activities on high-yield niches
within the European insurance market. The main category of the offered
insurances is in the field of automobile third party insurance, legal costs
insurance, household contents insurance and guarantees. Main markets are
currently Great Britain, France and Greece.


Bond Investor Relations / Press
Please direct all your requests to:
max. Equity Marketing GmbH
Maximilian Fischer
Marienplatz 2
80331 Munich, Germany
Tel: +49 89 139 28890
E-Mail: ir@enterprise-holdings.de


IMPORTANT NOTE - Disclaimer
Prospective investors of the Securities should recognise that the
Securities constitute a risk investment, which can lead to a total loss of
their investment in the Securities. Potential investors must therefore be
prepared and able to sustain a partial or even a total loss of the invested
capital. Any investors interested in purchasing the Securities should
assess their financial situation, to ensure that they are in a position to
bear the risks of loss connected with the Securities. Therefore, please
contact your credit and securities institutions. The admissibility of the
acquisition of a security may at various conditions, especially your
nationality be bound. Please inform yourself before an investment.

This information does not constitute an offer to sell or a solicitation of
an offer to purchase any securities of Enterprise Holdings Limited
('issuer'). A decision on an investment in the securities of the issuer may
only be made on the basis of the securities prospectus ('prospectus') which
is approved by the Federal Financial Supervisory Authority (BaFin) and is
published on the website www.enterprise-holdings.de. Only the information
contained in the prospectus is binding in connection with the offer.

This information may not be disseminated outside of Germany and Austria, in
particular not in the United States, to US Persons according to regulation
S of the US Securities Act of 1933 or to publications with a general
circulation in the United States. Any person who fails to comply with these
restrictions may violate the security laws of certain jurisdictions, in
particular of the United States. Bonds in Enterprise Holdings Limited are
not publicly offered outside of Germany and Austria. The Notes will not be
registered under the Securities Act of 1933, or any applicable state or
foreign securities laws, and are subject to substantial restrictions on
transfer. In particular, the Notes may not be offered or sold in the U.S.,
or to or for the benefit of U.S. persons, absent registration under the
Securities Act or an applicable exemption from the registration
requirements of the Securities Act.
The securities mentioned in this press release are not being and will not
be offered for sale to the public in the United States, Australia, Canada
and Japan.


End of Corporate News

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21.01.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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