PANDATEL AG i.A.

euro adhoc: PANDATEL AG
Layoffs & Downsizing
Ad hoc Disclosure Hamburg, October 12, 2004 Pandatel continues restructuring measures by reducing its workforce (E)

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After extensive discussions, the management board and works’ council of Pandatel AG, Hamburg, (ISIN DE0006916307) have decided today to downsize Pandatel AG’s workforce from 143 employees to 79 employees. These measures aim at reducing the operating costs by EUR 4.5m. In the short term, the workforce reduction will lead to a one-time cost increase due to compensations payable under a social compensation plan agreed between the management board and the works’ council of Pandatel AG today. The cost-cutting measures are required due to the missed expectations with regard to turnover, revenues and availability of future products during 2004 (Ad hoc Disclosure October 12, 2004).

Pandatel AG is currently launching several new products. In combination with the recently acquired product portfolio from Lightmaze Solutions AG, Pandatel AG anticipates additional business starting 2005.

Pandatel AG: Headquartered in Hamburg, Germany, Pandatel is a specialist provider of professional access and transmission technology for fiber-optic and copper data transmission. The employees at the headquarters, its own representative offices in France and Great Britain as well as at the subsidiaries in Eisingen (Würzburg), the United States, Israel and Singapore, and a range of sales partners world-wide, the publicly listed company supports corporate clients in 90 countries.

Contact: Christina Kunze | Pandatel AG Fasanenweg 25 | 22145 Hamburg | Germany Phone: +49-40-644 14 187 Fax: +49-40-644 14 108 E-Mail: ir@pandatel.com

end of announcement            euro adhoc 12.10.2004
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Further inquiry note: Christina Kunze Tel.: +49 (0)40 644 14 187 E-Mail: 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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