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euro adhoc: PANDATEL AG
Mergers - Acquisitions - Takeovers
Ad hoc disclosure pursuant to Art. 15 WpHG Dowslake Venture Ltd. to become new major shareholder in Pandatel AG - Dr. Dan Yang to become Executive Board Chairman of Pandatel AG

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Hamburg, 19 November 2005. Dowslake Venture Ltd. is to become a new
major shareholder in Pandatel AG (Prime Standard, ISIN DE000691630).
The present major shareholder, AUGUSTA Technologie AG, yesterday sold
a 29.0 percent stake in Pandatel AG´s share capital to Dowslake
Venture Ltd. Based on a option agreement, a further 20.98 percent may
be assigned to Dowslake Venture Ltd or another investor up until 28
December 2005. This means that by the end of 2005, AUGUSTA
Technologie AG will have disposed of its entire 49.98 percent share
previously held in Pandatel AG. Dowslake Venture Ltd. and related
parties hold a majority share in Dowslake Microsystems, one of the
leading providers of subsystems for intelligent optical networks. The
American company, based in Santa Clara, is represented on an
international scale. Pandatel AG welcomes this involvement on the
part of Dowslake Venture Ltd.  Pandatel AG, whose quarterly figures
were published yesterday, continues to show an unsatisfactory
business performance. Owing to the difficult economic situation at
Pandatel AG, Dowslake Venture Ltd. is aiming to free the company from
a takeover bid based on its possible acquisition of an interest
totalling 49.98 percent. An application to this effect is to be filed
with the German Financial Services Authorities.  In addition the
Pandatel AG Supervisory Board yesterday passed a resolution
appointing Dr. Dan Yang as executive Board Chairman of the company.
She will manage the business together with Thomas Becker, CFO. Dr.
Dan Yang is founder and CEO of the American network specialist,
Dowslake Microsystems.
Pandatel AG: Headquartered in Hamburg, Germany, Pandatel is a
specialist in and provider of access and transmission technology for
fiber-optic and copper data transmission. The employees at its
headquarters, its own representative offices as well as at its
subsidiaries together with a range of sales partners worldwide, the
publicly listed company supports corporate clients and customers in
90 different countries.
end of announcement                               euro adhoc 19.11.2005 00:19:42

Further inquiry note:

Christina Kunze
Tel.: +49 (0)40 644 14 187

Branche: Telecommunications Equipment
ISIN: DE0006916307
WKN: 691630
Index: Prime All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
Berliner Wertpapierbörse / 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
Bremer Wertpapierbörse (BWB) / free trade

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