Beta Systems Software AG

euro adhoc: Beta Systems Software AG
Quarterly or Semiannual Financial Statements
BETA SYSTEMS SOFTWARE AG ANNOUNCES RESULTS FOR THE SECOND QUARTER AND THE FIRST HALF 2003 (E)

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Berlin, August 7, 2003 - Beta Systems Software AG (Deutsche Boerse Prime Standard: BSS) today announced a return to profitability and significant growth in revenue for the second quarter ended June 30, 2003.

Operating Highlights - Successful integration of Systor Security Solutions GmbH - Restructuring efforts of Storage Management business unit   contribute to lower costs

Financial Highlights Second Quarter 2003 - Revenues increased by 26.0% to Euro 12.8 million (Q2 2002: Euro   10.2 million) - Operating income amounts to Euro 0.5 million (Q2 2002: operating   loss of Euro 1.8 million) - Earnings before taxes of Euro 0.6 million (Q2 2002: loss before   taxes of Euro 1.1 million) - Net income of Euro 0.2 million or Euro 0.05 per share (Q2 2002:   net loss of Euro 0.5 million or Euro 0.12 per share)

Financial Highlights First Half 2003 - Revenues increased by 4.2% to Euro 22.1 million (HY 2002: Euro   21.2 million) - Operating loss of Euro 1.1 million (HY 2002: operating loss of   Euro 1.6 million) - Loss before taxes of Euro 0.6 million (HY 2002: loss before taxes   of Euro 0.4 million) - Weak first quarter in 2003 partially offset: net loss of Euro 0.3   million or Euro 0.09 per share (HY 2002: net loss of Euro 0.2   million or Euro 0.04 per share) - Positive cash flow amounting to approx. Euro 2.9 million in the   first half of 2003 and cash position of Euro 18.4 million

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Issuer's information/explanatory remarks concerning this ad hoc announcement:

Management Comments Commenting on the results, Karl-Joachim Veigel, CEO of Beta Systems, stated: "We are still experiencing relatively cautious capital expenditure within the IT sector. A number of substantial orders towards the end of the second quarter enabled us to counterbalance the sluggish first-quarter performance of 2003 to a certain extent, both in terms of revenues and earnings. However, it should be noted that a number of key customer projects, particularly in the area of Document Management, have been postponed to the second half of 2003."

Mr. Veigel added, "Our incisive restructuring measures implemented in North America over the course of the previous fiscal year, complemented by our general cost reduction program and prudent management of expenditure, have had a positive effect on the company's bottom-line results. At the same time, we successfully completed the integration of the operations of Systor Security Solution GmbH (SSSG), which was acquired at the beginning of 2003. Furthermore, the new SAM product line contributed significantly to our formidable revenue growth in the area of Data Center Management."

Mr. Veigel concluded: "Due to the importance of large projects to our business as a whole in terms of revenues and the difficulties associated with forecasting incoming orders within this market environment, we expect to see a certain degree of fluctuation in our quarterly results over the course of the second half of 2003. Based on our current performance, however, we remain confident that we will be able to meet our targets for the full fiscal year."

Conference Call The results for the second quarter 2003 will be commented on by Management during a telephone conference on August 7, 2003. For UK participants, the conference will take place at 14.00 CET at telephone number +44 (0) 207 984 7582 (access code: "betasystems"). A tape recording of the telephone conference will be available for twenty-four hours on telephone number +44 (0) 207 784 1024 (access code: 689492).

end of announcement            euro adhoc 07.08.2003
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Further inquiry note: Arne Baßler Beta Systems Software AG Tel.: +49 (0)30 726 118 0 Fax: +49 (0)30 726 118 800 E-Mail: ir@betasystems.com

Branche: Software
ISIN:      DE0005224406
WKN:        522440
Index:    CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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