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PANDATEL AG i.A.

EANS-Adhoc: Pandatel Aktiengesellschaft i. A.: Cancellation of the Joint Marketing Service and Supply Agreement with Dowslake Microsystems Corp.

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
Contracts
03.08.2009
Ad hoc Disclosure according to Art 15 WpHG PANDATEL AG i. A. (General
Standard - ISIN DE0006916307) Hanover, August 3, 2009. Today, the 
liquidator of the company signed an agreement on the cancellation of 
the Joint Marketing Service and Supply Agreement (the "Agreement") 
with Dowslake Microsystems Corp., California. The Agreement is, 
therewith, cancelled effective immediately, i.e. with effect from 
today. By cancelling the Agreement, the company saves itself the 
payment of millions respectively legal disputes about it within the 
framework of the liquidation resolved by the annual general meeting. 
Thus, entering into the cancellation agreement leads to an 
economically favorable and secured contractual situation, within the 
scope of winding up the company in the interest of the company and 
its shareholders. Essential provision of the cancellation agreement 
is that Dowslake Microsystems Corp. waives vis-a-vis Pandatel AG i.A.
all and any claims for damages and other claims for compensation 
which might possibly arise in the context of non- fulfillment or 
failure to properly fulfill its obligations under the Agreement. A 
termination of the Agreement within the framework of winding up the 
company in accordance with the provisions of the Agreement would have
meant that Pandatel AG i.A. - based on the balance sheet items as of 
31.12.2007 - would have been obliged to pay an amount of roughly 
about EUR 3m to Dowslake Microsystems Corp. Especially, Pandatel AG 
i.A. makes, in return for the aforementioned waivers, a compensation 
payment of a lump-sum in the amount of EUR 340,000.00 to Dowslake 
Microsystems Corp. The cancellation agreement is subject to the 
condition precedent of non- approval by the Supervisory Board of the 
company. At present, the company's Supervisory Board consists of just
two members and, thus, has no quorum. It has been applied for 
appointment by court order of a third Supervisory Board Member. The 
Supervisory Board will, without delay after creating a quorum, 
resolve on the approval of the cancellation agreement. About PANDATEL
The company, with headquarters in Hanover, was formed in 1987 as Pan 
Dacom Telekommunikation GmbH. Since November 1999, the stock 
corporation is listed as PANDATEL AG at Frankfurt Stock Exchange. 
More Information is available under www.pandatel.com Pandatel AG i.A.
| Garbsener Landstraße 10 | 30419 Hanover Germany
end of announcement                               euro adhoc

Further inquiry note:

insignis GmbH, Agency for Communications
Raik Packeiser
Berliner Allee 9-11
30175 Hanover, Germany
Phone: +49 511 33 65 15 31
Fax: +49 511 33 65 15 33
Mail raik.packeiser@insignis.de

Branche: Telecommunications Equipment
ISIN: DE0006916307
WKN: 691630
Index: Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

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