RHJ International (the “Company”) issued its Condensed
Consolidated Financial Statements for the six months ended September 30, 2007, today. The
Unaudited Condensed Consolidated Financial Statements of the Company, prepared in
accordance with International Financial Reporting Standards (“IFRS”), are attached to this press
release.
In commenting on the six month period, Mr. Leonhard Fischer, Co-Chief Executive Officer,
stated that “we are looking principally to ensure returns on our investments over the long term,
and our disciplined industrial partner approach in our portfolio companies has created significant
improvements in the performance of our businesses since we acquired them. We believe that
some of our holdings will be able to produce significant long-term returns for RHJI shareholders
by becoming larger players in their particular markets. This may result in changes to our holdings
– either through expanding existing businesses, acquisitions, mergers, or disposals.” Mr. Fischer
further commented that “the Company has accelerated its systematic review of the portfolio
holdings to rigorously identify ways to unlock greater value for shareholders from its investments
in various portfolio companies under its control.
“Overall, the company finds itself in a good position to tackle new ventures both in Japan and
Europe, two very attractive investment environments”, Co-CEO Timothy C. Collins stated. “Our
cash position is comfortable and we have a permanent company structure on which to build. Our
aim is to do large deals in market segments where we can bring value and insight.”
The Company has a particularly strong position in Japan, with a thorough knowledge of the
Japanese market and a significant Japanese franchise. Mr. Collins stated that “the Company
continues to seek opportunities in what is often regarded as a challenging investment environment
and market. Generally, the valuation gap of Japanese mid-cap assets, including those owned by
RHJI, has continued to widen in comparison with their western counterparts but we continue to
believe that we are well placed to act as a catalyst to create value in such an environment.”

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