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euro adhoc: S&T System Integration&Technology Distribution AG / Mergers - Acquisitions - Takeovers
S&T strengthens Microsoft solutions business in Croatia and Slovenia (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
- Takeover of Croatian Microsoft specialist Epsilon
- Acquisition of Atlantis in Slovenia completed
Vienna, 6 October, 2003 - S&T System Integration & Technology
Distribution AG (Vienna Stock Exchange: SNT; OTC: STSQY) is
strengthening its position and competence in Microsoft software
solutions in the Adriatic region. The takeover of Croatian IT service
provider Epsilon and its 16 highly qualified Microsoft-specialists,
will enable S&T to expand its market position in its core business
area of solutions. The acquisition of Slovenian company, Atlantis,
that was announced in July has now been completed following a
successful due diligence. The product combination of the two
Microsoft specialists will allow S&T to respond to the wishes of its
customers even more effectively.
The acquisition of Epsilon makes S&T in the Adriatic region a
Microsoft Gold Certified Partner. Only a very small number of
companies in the region have this level of certification, which is
proof of extraordinary skills in the implementation of
Microsoft-based solutions. This status has clear competitive
advantages for S&T in the form of special product training and
preferential access to new software releases. For S&T's customers,
the Gold Certified Partnership means even greater efficiency and more
professional customer service. The takeover in Croatia will bring S&T
additional customers in the Telecom and financial services industries
as well as the public sector.
"This concentrated competence in Microsoft software products and
services will strengthen our lead on the Slovenian and Croatian
markets still further. We are now able to support our customers'
knowledge-management processes with custom-tailored portal and
Intranet solutions based on Microsoft standard products.  Know-how
from Epsilon allows us to respond to the continuously rising demand
for mobile office solutions in cooperation with mobile communications
companies. In the S&T Group, we now employ over 120 certified
Microsoft software specialists, making us one of the biggest
Microsoft partners in the region" says S&T CEO Karl Tantscher. An
undisclosed amount in cash was agreed for the 100 percent takeover.
About S&T -
S&T is a leading provider of IT solutions for customers in 20
countries in Central, Eastern and Southern Europe. The company
provides consulting services, software development, IT solutions
implementation and support services around the clock to the most
demanding customers in telecommunication, banking, energy production
and distribution, government and health care.
end of announcement        euro adhoc 06.10.2003

Further inquiry note:

Karl Tantscher
Chief Executive Officer

Henriette Lininger
Investor and Public Relations

S&T System Integration & Technology Distribution AG
Gunoldstrasse 16, 1190 Vienna, Austria
Phone: +43 1 367 80 88 0
Fax: +43 1 367 80 88 99

Branche: Computing & Information Technology
ISIN: AT0000905351
Index: ATX Prime, NECI, ViDX
Börsen: Wiener Börse AG / official dealing
Nasdaq Europe / official dealing

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