ABIT AG

euro adhoc: ABIT AG
GFKL Financial Services AG buys ABIT AG shares held by MCS et Associés S.A.
change in supervisory board of ABIT AG (E)

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Meerbusch, 17 October 2003. Today, GFKL Financial Services AG (GFKL), Essen, has informed ABIT AG that it has concluded a purchase agreement with MCS et Associés S.A. (MCS), Paris, for a total of 672,321 shares (= 12.41 percent of ABIT AG’s share capital) at a price of EUR 4.00 each, which is all the stock MCS holds. The decision by MCS so sell its participation in ABIT AG has to be viewed in connection with GFKL’s intention to acquire a substantial participation in ABIT AG. In conjunction with the planned merger of phinware AG of Düsseldorf into ABIT AG, GFKL had put forth a tender offer to ABIT AG’s stockholders on 10 October to buy shares at a price of EUR 4.00 each.

In connection with the sale of the ABIT AG shares by MCS, Mr. Patrice Mourruau, the majority shareholder in MCS, has stepped down from ABIT AG’s supervisory board.

ABIT AG and MCS agree that their partnership in the field of purchasing and recovering outstanding receivables should continue.

Additionally, Mr. Bernd Eberding had to resign from the supervisory board for health reasons.

ABIT AG will request the court-appointment of Mr. Kurt Sondermann as member of the supervisory board. Furthermore, there is consensus as to the third member of the supervisory board, although the formal decision has yet to be taken.

end of announcement            euro adhoc 17.10.2003
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Further inquiry note: Herr Sven Kamerar Head of Corporate Communications Phone: +49 (0)2150 9153 201 E-Mail: investor@abit.de

Branche: Software
ISIN:      DE0005122501
WKN:        512250
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
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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