euro adhoc: PANDATEL AG
Ad hoc Disclosure pursuant to Art. 15 WpHG Hanover, February 14, 2008 Asset Deal Closed

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Hanover, February 14, 2008. Pandatel AG (ISIN DE0006916307 - General Standard, Frankfurt Stock Exchange). Pandatel AG has closed an asset sale agreement with Arcutronix GmbH, Hanover, which supervisory board approved on 13 February  2008. Arcutronix GmbH is financed by Keytronix, Austria. The Agreement was  reached after tough negotiations and according to the agreement, Arcutronix  will pay EUR 250,000.00 to purchase Pandatel's MACS4000, System 2100 and  certain other stand-alone connectivity and last mile product rights  together with remaining materials and production equipment. Via the purchase, Arcutronix assumes all customer and supplier obligations associated with purchased product rights.

The sold product rights comprise the majority of products and related obligations, which generated loss for Pandatel. However, they represent a fraction only of Pandatel's total assets. The remaining unsold product rights such as YUMIX, SMUX, CMUX, and COP were not part of the deal due to long term customer obligations.

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ots Originaltext: PANDATEL AG
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Further inquiry note:
Raik Packeiser
insignis GmbH
+49(0)511-33 65 15 30

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

Weitere Meldungen: PANDATEL AG i.A.

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