ABIT AG

euro adhoc: ABIT AG
Restructuring & Recapitalisations
ABIT AG Using Capital Increase to Afford MCS Group a Stake as Strategic Partner (E)

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Meerbusch, 11 June 2003. Today the Supervisory Board of ABIT AG approved a 492,321 euro increase in the company’s share capital, thereby raising it to 5,415,548 euros from 4,923,227 euros. The aim is for MCS et Associés S.A. (MCS) of Paris to acquire an equity stake as a strategic partner of ABIT AG, Meerbusch. This increase will be accomplished by issuing bearer shares with a nominal value of one euro each from ABIT AG’s approved capital. MCS will be subscribing the capital increase under the exclusion of other subscription rights. The issue price will be 2.30 euros per share with ABIT AG posting a total inflow of TEUR 1,132 in liquidity from the transaction. Together with the off-the-market purchase of 180,000 shares of present senior shareholder’s stock, MCS will hold a 12.41 percent stake in ABIT AG once the transaction is concluded. MCS is striving to expand its interest in ABIT AG to the level of a blocking minority over the medium term. There are no plans for any participation in the operational management of the ABIT Group.

+++ Additional notes +++

The goal behind this strategic shareholding on the part of MCS is the French company’s intention of working as a financial investor together with an experienced services partner to develop the German market for purchasing and exploiting outstanding receivables from banks and major creditors. Founded in 1986, the closely held, nonlisted corporation has been engaged in successful transactions within this segment for ten years and is one of the leading companies on the French market. Besides the managing majority shareholder, there are minority interests in MCS held by Cargill, Inc., Minneapolis, MN/USA and First City Financial Corp., Waco, Texas/USA.

MCS is already working with the ABIT Group to implement initial projects in Germany. From this strategic partnership, ABIT expects to gain a significant increase in service-business volume amid excellent profitability. This will allow the company to effectively reinforce its position as a specialist consultant and solution provider for debt management.

end of announcement            euro adhoc 11.06.2003
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Further inquiry note: Herr Sven Kamerar Head of Corporate Communication Phone: +49 (0)2150 9153 201 E-Mail: investor@abit.de

Branche: Software
ISIN:      DE0005122501
WKN:        512250
Index:    CDAX, Prime Standard, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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