DGAP-News: FinLab AG / Key word(s): Final Results FinLab AG enjoys a very successful fiscal 2017 / IFRS and HGB results confirm high expectations 12.04.2018 / 16:02 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Frankfurt am Main, April 12, 2018 - Frankfurt-based FinLab AG (WKN 121806, ISIN DE0001218063, Ticker A7A.GR) achieved outstanding results once again in fiscal 2017, thereby fulfilling the high expectations for the company. The result for the period according to the International Financial Reporting Standard (IFRS) was EUR 14.2 million (prior year: EUR 14.0 million), with an overall result (IFRS) of EUR 30.8 million (prior year: EUR 11.8 million). At EUR 1.8 million (prior year: EUR 2.3 million), annual net income for 2017 per HGB is in line with the previous year, and therefore more than fulfilled expectations. Management Board member Juan Rodriguez pointed in particular to the extremely positive development of the share price at Heliad Equity Partners GmbH & Co. KGaA (ISIN: DE000A0L1NN5 / Ticker: HPBK), in which FinLab holds approximately 45%: "With a performance of 66% in 2017, Heliad managed to fully satisfy its shareholders. This also had a very positive effect on our result." Board colleague Stefan Schütze added: "The development by unlisted investments, e.g. Deposit Solutions GmbH, also contributed to this very good outcome." During the past fiscal year, Deposit Solutions acquired its competitor, Savedo, and increased the value of brokered assets to over EUR 4 billion in 2017 - and to over EUR 5 billion in the first quarter of 2018. In addition to its very good performance, Deposit Solutions raised USD 20 million in capital at the end of 2017 - doubling in valuation compared to the previous year. The value of the shares in FinLab increased accordingly. Fastbill, a FinLab portfolio company since April 2017, has significantly increased its customer base and entered into additional strategic partnerships, including those with DATEV, Deutsche Bank and the banking start-up Kontist. The Darmstadt-based technology company Authada further expanded its product portfolio in 2017. Authada was the first company to receive certification for its software from the BSI (German Federal Office for Information Security), demonstrating its ability to meet the highest security requirements. Moreover, Authada's identification solution (KYC) for onboarding customers using an electronic identity card (eID) won the Symbioticon, a competition among digital and mobile solutions for retail banking applications sponsored by the Sparkassen Innovation Hub. Our holding, Vaultoro, a Bitcoin/gold exchange, integrated additional functionalities into its trading platform in 2017, which facilitated the trading of more than one ton of gold over the course of the fiscal year. In March 2018, a second product, the online savings account "Bar9," was launched on the market, which now also facilitates digital investment transactions in Euros for the purchase of precious metals such as gold and silver. Kapilendo AG, one of the leading crowd-lending platforms for SMEs, increased its placed volume to EUR 20 million in 2017 and further expanded its market position. Kapilendo made headlines across Europe with its so-called "lighthouse projects," which include the millions in financing obtained for the well-known startup Floerke and the placement of a seven-digit figure for the German soccer team Hertha BSC Berlin in a record time of less than 10 minutes. During the first months of the current financial year, FinLab was also able to report its first successful transactions. As part of a so-called pre-IPO round, FinLab invested in Galaxy Digital Holdings Ltd, a company founded by hedge fund legend Mike Novogratz. In March 2018, a letter of intent was signed with Block.one, the developer of the leading blockchain software EOS.IO, to establish and capitalize a new fund in the amount of USD 100 million (EUR 81 million). The fund will make strategic investments throughout Europe in projects based on the open-source blockchain software EOS.IO. FinLab expects to realize initial revenues from the fund in 2018. At the beginning of 2018, the Maltese subsidiary of the Cologne-based fintech start-up nextmarkets GmbH, which is part of the FinLab AG portfolio has obtained approval to operate as a securities trading bank. The company's internal banking unit will provide a full range of financial services within the European Economic Area. Last but not least, Iconiq Lab, FinLab's most recent investment, launched its ICO Accelerator Program with the first five companies early in the current fiscal year and successfully completed the pre-sale of its ICNQ tokens worth EUR 1,500,000. The public ICO for ICNQ will begin on April 15, which is already showing signs of keen investor interest. The complete annual financial report will be available for review starting 12 April 2018 at www.FinLab.de. About FinLab AG: Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A.GR) is one of the first and largest company builders and investors focused on the Financial Services Technologies ("FinTech") sector in Europe. FinLab focuses on developing German FinTech startups and providing venture capital for their financial needs, whereby in each case the aim is a long-term participation and ongoing support of the investment. FinLab also invests globally, as part of venture rounds, in FinTech companies, primarily in the USA and Asia. Press contact: FinLab AG: [email protected] www.finlab.de Phone: +49 69 719 12 80 147 --------------------------------------------------------------------------- 12.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: FinLab AG Grüneburgweg 18 60322 Frankfurt/Main Germany Phone: +49 (0)69 719 12 80 - 0 Fax: +49 (0)69 719 12 80 - 011 E-mail: [email protected] Internet: www.finlab.de ISIN: DE0001218063 WKN: 121806 Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 674135 12.04.2018