Versatel AG

euro adhoc: Versatel AG
Financing, Stock Offerings (IPO)
Price range for Versatel shares 29 EUR to 36 EUR

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This Ad hoc announcement and the information contained herein are not for distribution in the United States of America, Canada, Japan or Australia.

Ad hoc announcement according to § 15 WpHG

Price range for Versatel shares 29 EUR to 36 EUR

Today German telecommunications provider Versatel, jointly with the selling shareholder and the Joint Bookrunners Credit Suisse, Deutsche Bank and J.P. Morgan have determined the price range within which purchase offers for Versatel shares may be placed. The price range is set between 29 Euro to 36 Euro per share. The offering consists of up to 14,000.000 shares from a capital increase and up to 10,850.000 existing shares from the holdings of the selling shareholder (plus up to 3,727.000 shares from the holdings of the selling shareholder with respect to a potential over allotment). Interested investors may submit offers to purchase shares during the period from April 20, 2007 to April 26, 2007. The offer period ends on April 26, 2007 at 12:00 PM (CEST) for private investors and at 3:00 PM (CEST) for institutional investors. The final offer price is expected to be set on April 26, 2007.

The trading on the official market (Amtlicher Markt) of the Frankfurt Stock Exchange is expected to commence on April 27, 2007 under the trading symbol VTW and the ISIN DE000A0M2ZK2 (International Securities Identification Number). The delivery of the shares in exchange for payment of the offering price and the customary securities commission is expected to take place on May 2, 2007.

The offering consists of a public offer in the Federal Republic of Germany and private placements outside of the Federal Republic of Germany. The shares are being offered in the United States of America in reliance on Rule 144A under the U.S. Securities Act to qualified institutional buyers.

The information contained herein is not for publication or distribution in the United States. The material set forth herein is for informational purposes only and is not intended, and should not be construed, as an offer of securities for sale into the United States. The securities of Versatel described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any State, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable State laws. No money, securities or other consideration is being solicited and, if sent in response to the Information contained herein, will not be accepted.

This communication is directed only at persons who (i) are outside of the United Kingdom or (ii) have professional experience in matters relating to investments or (iii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc") of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.

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ots Originaltext: Versatel AG
Im Internet recherchierbar:

Further inquiry note:
Versatel, Marion Krause
Director Corporate Communications
Phone: +49 (0) 211 5 22 83 250
Fax: +49 (0) 211 5 22 83 111
Mail to:

Branche: Telecommunications Equipment
ISIN:      DE000AOM2ZK2
WKN:        AOM2ZK
Index:    TecDAX
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard

Weitere Meldungen: Versatel AG

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