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OnVista AG

euro adhoc: OnVista AG
Strategic management decisions
OnVista AG sells 36% stake in IS.Teledata AG
OnVista shares listed close to cash value
Annual projections raised due to excellent media business

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
09.11.2005
OnVista AG (DE0005461602) is selling its 36% stake in the IT company
IS.Teledata AG to Interactive Data Corporation (NYSE: IDC), Bedford,
Mass., USA. The relevant contract was signed earlier today. According
to the contract, OnVista AG will receive Euro 17.1 mill. for its
shareholding.
The transaction was decided by the Executive Board and the
Supervisory Board of OnVista AG. The transaction does not require
approval by OnVista's general shareholders’ meeting. A review under
antitrust law still needs to be carried out on the part of the buyer.
OnVista AG expects the transaction to be completed before the end of
this year.
Furthermore, the Executive Board of OnVista AG has announced a rise
in its annual projections for 2005. This is due to the excellent
business performance in the Media segment, which consists of the
internet activities remaining within the OnVista Group. The OnVista
Group now expects group sales of well over Euro 9 mill. for the year
as a whole and a pre-tax result of more than Euro 1.5 mill. (previous
forecast: sales Euro 8 mill., pre-tax result Euro 1.38 mill.).
Details in this respect will be announced shortly within the
framework of the publication of the 9 months report.
The purchase price will be settled solely with cash funds, whereby a
portion will be deposited for two respectively four years in an
interest-bearing escrow account to cover guarantees provided. The
immediate cash inflow amounts to Euro 15.3 mill. As a result, the
cash funds of OnVista AG will increase to Euro 38.8 mill. in the
first instance. This amount alone works out at a cash value per share
of Euro 5.79. In addition there will be Euro 1.8 mill. (Euro
0.27/share) held in trust. As a result, OnVista shares are currently
listed close to their cash value (Euro 6.21; Xetra closing price on
Nov. 9, 2005). Consequently, the current market capitalisation does
not reflect adequately the strongly growing and profitable operating
business of the OnVista Group (OnVista finance portal, Onmeda
healthcare portal and Ligatus performance marketing network).
The investment in IS.Teledata AG is held via the 100% subsidiary
OnVista Beteiligungs-Holding GmbH and reported at-equity in the
OnVista consolidated financial statements. The book value of the
investment amounts to Euro 17.56 mill. (Sep. 30, 2005), which
corresponds to around 36% of the balance sheet total. In the first
nine months of 2005, the OnVista Group recorded an investment profit
contributed by IS.Teledata of Euro 0.47 mill. For the financial year
2005, the OnVista Group originally forecast a positive performance
distribution by IS.Teledata in the mid 6-digit Euro region. As a
result of the small extraordinary loss related to the sale - the
investment is being sold just below its book value - the investment
result will now be almost even. In the individual accounts of OnVista
AG under HGB (German Commercial Code), which are relevant for the
ability to pay a dividend, there will be an extraordinary income of
Euro 0.68 mill.
Other shareholders of the Frankfurt-based IT company with material
interests are also selling their holdings. All in all, Interactive
Data is acquiring at least 95% of the shares in IS.Teledata AG.
Further information can be found in the detailed press release
(German language version only):  www.onvista-group.de, section
'Press'.
Contact: Anja Seipp, Tel. +49 2203/9146-306, Email  ir@onvista.de
end of announcement                               euro adhoc 09.11.2005 14:35:07

Further inquiry note:

Anja Seipp
Head of Public and Investor Relations
Tel. +49(0)2203 9146 306
Mobil: +49 (0) 160 802 9981
E-Mail: ir@onvista.de

Branche: Computing & Information Technology
ISIN: DE0005461602
WKN: 546160
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade

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