EANS-Adhoc: Austrian Takeover Commission Press release on the proceedings involving S&T AG

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers

Linz, May 9, 2013: The Austrian Takeover Commission has informed S&T AG about
the announcement of the following press release:

"The Second Senate of the Austrian Takeover Commission resolved on January 25,
2013 to institute declaratory proceedings involving S&T AG (FN 190272m), whose
shares are listed on the Prime Standard segment of the OTC (over-the-counter
market) of Germany's Frankfurt Stock Exchange. The object of the proceedings was
to ascertain whether or not grosso holding Gesellschaft mbH (FN 123293p),
Quanmax Inc. (Taipei, Taiwan) and Quanmax Malaysia Sdn. Bhd. (Penang, Malaysia)
as well as any other jointly proceeding legal entities are obliged to tender a
takeover offer to all other owners of participatory shares in S&T AG.

The Second Senate of the Takeover Commission decided on May 8, 2013, that
Quanmax Inc., Quanmax Malaysia Sdn. Bhd., grosso holding Gesellschaft mbH and DI
Hannes Niederhauser constitute a group of jointly acting legal entities, and
that this group is obliged to provide proof of having made a compulsory offer
within twenty trading days on the exchange subsequent to delivery of the decree
on the declaratory proceedings. The Second Senate also decided that the option
does not exist of reduction of the controlling participation or of revocation in
another way of the achievement of this controlling participation by the jointly
acting legal entities, so as to preclude the obligation to tender such an offer.
The publicly-made obligatory offer is addressed solely to those owners of S&T
AG's participatory shares whose participation in S&T AG (formerly Quanmax AG)
predates the entry of the merger.

The merger of S&T System Integration & Takeover Distribution AG (FN 47292y) -
the company being taken over - into Quanmax AG (rechristened upon merger as S&T
AG; FN 190272m) - the company taking it over - caused the elections to the
Supervisory Board pursued in association with this merger. These were performed
at the Extraordinary General Meeting of November 6, 2012. These gave rise in
change of control in the former Quanmax AG (today's S&T AG; FN 190272m). The
previously-controlling group of shareholders was comprised of Quanmax Inc. and
Quanmax Malaysia Sdn. Bhd. This was extended through the addition of grosso
holding Gesellschaft mbH, whose incorporation was caused by the merger. The
declaratory proceeds established that DI Hannes Niederhauser is part of the
controlling group of shareholders."

The legal entities involved have rendered notification that they are considering
exercising their right of appeal of this decree, so as to cause the rescinding
of the obligation to tender an offer.

About S&T AG:
S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT), formerly Quanmax AG, is listed on
the Prime Standard market of the Frankfurt Stock Exchange. The company has 1,500
employees, and maintains offices in 19 countries in Central and Eastern Europe.
This makes S&T of the three largest providers of IT systems in the region. S&T's
assets include the breadth of its portfolio of products and proprietary
technologies. This portfolio is offered through Central and Eastern Europe.

Further inquiry note:
ir@snt.ag; +437327664150;

end of announcement                               euro adhoc 

issuer:      S&T AG
             Industriezeile  35
             A-4021 Linz
phone:       +43(732)7664-0
FAX:         +43(732)7664-801
mail:     kontakt@quanmax.ag
WWW:      www.snt.at
sector:      Computing & Information Technology
ISIN:        AT0000A0E9W5
stockmarkets: regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: S&T AG

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