PANDATEL AG i.A.

euro adhoc: PANDATEL AG
Annual & Special Corporate Meetings
Annual Shareholders' Meeting of 14 August 2007

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15.08.2007

Hanover, 15 August 2007. Pandatel AG, (ISIN DE0006916307 - General Standard). Yesterday's shareholders' meeting passed the resolution on application for liquidation as well as an application for special audit with more than 90% of the respective capital stock entitled to vote. Dowslake Venture Ltd. filed its application for liquidation on 28 March 2007 (compare ad hoc disclosure of 28 March 2007). Dowslake's reason is that Pandatel will no longer be able to operate sustainably profitable on its own. Thus, shareholders receive, at least, part of the remaining liquidity. During the meeting, minor shareholders filed an application for special audit, mainly referring to fiscal year 2006, which the shareholders' meetings' chairman admitted to voting.

About PANDATEL AG: PANDATEL is a German corporation based in Hanover. PANDATEL was formed in 1987 as Pan Dacom Telekommunikation GmbH. It went public at Frankfurt stock exchange in November 1999. Majority shareholder is Dowslake Venture Ltd. (U.S.A.) with Dr. Dan D. Yang as CEO of both companies. PANDATEL provides a full range of last mile access products as well as optical transport equipment to its worldwide customers. PANDATEL currently sells its products through its regional offices and Dowslake Microsystems in the US, Germany, France, UK, China, and Singapore, in partnering with resell partners as well as OEM customers, covering 86 countries in all 5 continents. More Information on the website www.pandatel.com

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

Further inquiry note:
insignis GmbH
Raik Packeiser
Berliner Allee 9-11
30175 Hannover

Phone: +49 511 33 65 15 31
Fax:    +49 511 33 65 15 33
Email: Raik.Packeiser@insignis.de

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



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