Quest for Growth records a profit of € 33 million in 2021 and proposes a dividend of € 1.02

Quest for Growth records a profit of € 33 million in 2021 and proposes a dividend of € 1.02

• Return on equity in 2021: 21.8%

• Net asset value per share on 31 December 2021: € 10.71 (31 December 2020: € 9.14)

• Net profit for the fiscal year: € 33,140,999 (€ 1.98 per ordinary share) against a profit of € 17,084,320 (€ 1.02 per ordinary share) for the previous fiscal year

• Share price at 31 December 2021: € 7.98 (31 December 2020: € 6.50)

• Discount of share price versus net asset value: 25.5% on 31 December 2021 (28.8 % on 31 December 2020)

• New investments in unqoted companies REIN4CED, QPinch and DMC and in Capricorn Fusion China Fund

• Successful exit from HalioDx

• The board of directors proposes a gross dividend of € 1.02 with the option to subscribe to an optional dividend, subject to approval by the FSMA

Results

2021 was an excellent year for Quest for Growth. The year ended with a profit of € 33.1 million (€ 1.98 per share). The return on equity was 21.8%, compared to +12.5% in 2020. The share price rose steadily throughout the year and ended the year with a total increase of almost 23% to € 7.98. On 28 June 2021, € 0.40 per share was distributed in the form of a capital reduction. The share performance for 2021, taking into account the reinvestment of this capital reduction, was 29%. The discount of the price in relation to the net asset value decreased to 25.5% at the end of 2021, from 28.8% on 31 December 2020.