PANDATEL AG i.A.

euro adhoc: PANDATEL AG
Layoffs & Downsizing
Ad hoc disclosure pursuant to Art. 15 WpHG Pandatel Reaches Agreement with Worker┬ĺs Council

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16.12.2005

Hamburg, December 16, 2005. Pandatel AG, a publicly traded company at the German Prime standard market (ISIN DE0006916307), and a specialist for the Ethernet and optical networking products, announces that it has signed a social plan with the Workers┬ĺ Council for its Hamburg location in the course of operations restructuring. Upon the completion of the restructuring, total number of Pandatel employees in Germany will probably decrease from current 100 people to about 30.

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, and Singapore. The company┬ĺs current operations, product strategy will be reviewed during the restructuring. OEM partnership such as Dowslake┬ĺs 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
B├Ârsen:  Frankfurter Wertpapierb├Ârse / regulated dealing/prime
              standard
              Berliner Wertpapierb├Ârse / free trade
              Hamburger Wertpapierb├Ârse / free trade
              Baden-W├╝rttembergische Wertpapierb├Ârse / free trade
              B├Ârse D├╝sseldorf / free trade
              Nieders├Ąchsische B├Ârse zu Hannover / free trade
              Bayerische B├Ârse / free trade
              Bremer Wertpapierb├Ârse (BWB) / free trade



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