ComputerLinks AG

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Ad hoc release pursuant to § 15 German Securities Trading Act - Expert opinion determines adequate cash compensation and recurring cash payment under the envisaged domination and ...

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Contracts

24.10.2008

Ad hoc release pursuant to § 15 German Securities Trading Act (Wertpapierhandelsgesetz - WpHG)

COMPUTERLINKS Aktiengesellschaft, Stefan George Ring 23, 81929 Munich - Expert opinion determines adequate cash compensation and recurring cash payment under the envisaged domination and profit transfer agreement - Regular Delisting of COMPUTERLINKS shares planned

Munich, 24 October 2008

In connection with  the  envisaged  conclusion  of  the  domination   and  profit transfer agreement between CSS Computer  Security   Solutions  Erwerbs  GmbH  and COMPUTERLINKS AG, the management board of COMPUTERLINKS AG and of  CSS  Computer Security Solutions Erwerbs GmbH have mandated Dr. Ebner, Dr. Stolz  und  Partner GmbH   Wirtschaftsprüfungsgesellschaft,  Steuerberatungsgesellschaft,   Stuttgart, with an expert opinion on the enterprise value of COMPUTERLINKS AG.

After having completed the examination, the expert has notified  the management boards of  COMPUTERLINKS  AG  and  CSS  Computer  Security Erwerbs  GmbH,  that Computerlinks  AG's  enterprise  value   determined  in    accordance    with    the discounted earnings method   per  18  December  2008  amounts  to  EUR  119,190k. Pursuant to the expert opinion this amount equals EUR  16,54  per  COMPUTERLINKS share. This amount exceeds the average weighted  stock  exchange   price  of  the COMPUTERLINKS  share  within  the  three-months-period prior  to  the  date  of announcement of the planned conclusion of the  domination  and  profit  transfer agreement on 5 September 2008 and qualifies, pursuant to Dr.  Ebner,  Dr.  Stolz und Partner GmbH, as an adequate cash  compensation  in  accordance  with  § 305 German Stock Corporation Act (Aktiengesetz  -  AktG).  Pursuant  to  the   expert opinion, the adequate recurring cash payment in accordance with  § 304  para.  2 sentence 1 AktG amounts to  EUR  0,97  (gross) per  COMPUTERLINKS  share.  This amount is to be reduced by   corporate  income  tax  (plus  solidarity  tax),  as applicable from time to time. On the basis of currently  applicable  rules,  the recurring cash  payment  amounts  to  EUR  0,95  per  Computerlinks   share.  The examiner SUSAT & PARTNER  OHG   Wirtschaftsprüfungsgesellschaft,  Hamburg,  which has been appointed by the district court Munich I has informed us today that  it considers the cash compensation and the recurring cash payment as adequate.

Today, the management of  CSS  Computer  Security  Solutions  Erwerbs GmbH  has offered vis-à-vis the management board of COMPUTERLINKS AG to  agree  under  the domination and profit transfer agreement to an adequate cash compensation and  a recurring cash payment as determined by Dr. Ebner, Dr. Stolz und  Partner  GmbH. The management board and the supervisory board of COMPUTERLINKS AG  will  review the results of the  expert  evaluation  and  decide  within  the  next   days  on entering into the domination and profit transfer agreement.

The extraordinary shareholders' meeting of COMPUTERLINKS AG which shall  resolve on the domination and profit transfer agreement is expected to take place on  18 December 2008.

In accordance with a  proposal  by  the  management  of  CSS   Computer  Security Solutions Erwerbs GmbH, the management board of   COMPUTERLINKS  AG  has  decided today, subject to the approval of the extraordinary  shareholders'  meeting,  to take measures with regard to the revocation  of  the  listing  of  COMPUTERLINKS shares  to   the  regulated  market  at  Frankfurt  Stock  Exchange  (Frankfurter Wertpapierbörse), in order to  terminate  the  stock  exchange   trading  of  the COMPUTERLINKS shares on the regulated market (regular delisting).  CSS  Computer Security  Solutions  Erwerbs   GmbH  has  notified  the    management    board    of COMPUTERLINKS AG, that it  intends  to  offer  in  the  course  of  the  regular delisting  to  the  outstanding  shareholders  of  Computerlinks    AG a    cash compensation with regard to the acquisition of their Computerlinks  shares.  The amount of this cash compensation shall equal the amount that is offered as  cash compensation under the domination and profit transfer agreement  pursuant  to  § 305 AktG. COMPUTERLINKS AG and  CSS Computer  Security  Solutions  Erwerbs   GmbH intend to apply to the district  court  Munich  I  for  the   appointment  of  an examiner with respect to the adequacy of the cash compensation.

Munich, 24 October 2008 The Management Board

This press release is available under www.COMPUTERLINKS.de.

More Information:

|COMPUTERLINKS AG                                                |
|Daniela Drygalla - Investor Relations              |
|Stefan-George-Ring 23                                        |
|D-81929 München                                                 |
|Tel.:  |+49 (0) 89 930 99-227                            |
|Fax:    |+49 (0) 89 930 99-200                            |
|E-Mail:|Investor-Relations@COMPUTERLINKS.de      |
|Interne|www.COMPUTERLINKS.de                              |
|t:        |                                                              |

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ots Originaltext: ComputerLinks AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Daniela Drygalla

Tel: +49(0) 89 93099227

investor-relations@computerlinks.de

Branche: Computing & Information Technology
ISIN:      DE0005448807
WKN:        544880
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade
              Börse München / free trade



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