PANDATEL AG i.A.

euro adhoc: PANDATEL AG
Board of Directors (Appointments and Changes)
Pandatel: CEO Heinrich-J. Kraus to leave the company after completion of restructuring programs (E)

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Following the completion of the restructuring programs implemented in fiscal year 2003 in the areas of Sales/Marketing and Research & Development, Pandatel AG, Hamburg, has announced that CEO Heinrich-J. Kraus is to leave the company.

Kraus put the Development department as well as Sales and Marketing on a new footing and expanded them when he joined the company in November 2002 to further enhance the company's innovative strength and sales and marketing power. Now that these restructuring measures have been successfully implemented, Kraus will join Arcor AG & Co. KG as new Member of the Managing Board, responsible for Sales and Marketing, on April 1, 2004.

Norbert Wienck, long-standing Management Board member, will continue to lead the company as the sole member of the Management Board.

Pandatel AG's Supervisory Board wishes to thank Mr. Kraus for his commitment and hard work.

end of announcement            euro adhoc 22.01.2004
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Further inquiry note: Dietlinde Bamberger Investor Relations ir@pandatel.com

Branche: Telecommunications Equipment
ISIN:      DE0006916307
WKN:        691630
Index:    Prime All Share, Prime Standard
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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