PANDATEL AG i.A.

euro adhoc: PANDATEL AG
other
Ad hoc disclosure pursuant to Art. 15 WpHG Constituent Supervisory Board Meeting of PANDATEL AG

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31.01.2006

Hamburg, January 31, 2006. PANDATEL AG (ISIN DE0006916307), listed on the Frankfurt Stock Exchange (Prime Standard), announces that its Supervisory Board, appointed by court order, convened for its constituent meeting. The new Supervisory Board members of PANDATEL AG elected from among them Dr Axel Pfeifer chairman, Dr Steffen Leistner deputy chairman and Mr Alex Fang ordinary supervisory board member.

On its constituent meeting, PANDATEL AG’s new Supervisory Board expressly welcomed the measures introduced by the Management Board as regards restructuring of the company that are in accordance with the obligations of BaFin for granting an exemption from making a mandatory takeover bid pursuant to Art. 37 WpÜG in conjunction with Art. 9 para 1 number 3 WpÜG of the takeover directive.

About Pandatel Pandatel is a German corporation based in Hamburg. Pandatel was formed in 1988 as Pan Dacom Telekommunikation GmbH. It went to public at Frankfurt Prime standard in November 1999. Pandatel provides Ethernet and data connectivity, multiplexing, and protocol conversion products such as Ethernet copper or fiber optic converters and multiplexers, Ethernet-over- SDH/Sonet, SDH/Sonet-over-Ethernet, and optical multi-wavelength transport products for enterprise customers. Pandatel currently sells its products through its regional offices and subsidiaries in France, UK, Spain and Singapore. The company’s current operations, product strategy will be reviewed during the restructuring. OEM partnership such as Dowslake’s business model will be explored to expand market presence. For more information about Pandatel, please visit www.pandatel.com

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ots Originaltext: PANDATEL AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christina Kunze
Tel.: +49 (0)40 644 14 187
E-Mail: cku@pandatel.com

Branche: Telecommunications Equipment
ISIN:      DE0006916307
WKN:        691630
Index:    Prime All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade



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