Softmatic AG

ots Ad hoc-Service: Softmatic AG SOFTMATIC INCREASES CAPITAL

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    Norderstedt (ots Ad hoc-Service) - Softmatic AG, listed on the Neuer Markt, has increased its capital by 750,000 shares from already approved capital. The subscription rights of the existing shareholders have been waived. Purchasers of the new shares are Olaf Malchow and Karl-Heinz Claes, both members of the Executive Board. In accordance with the articles of incorporation, the sha- re price was established by averaging the listed stock market price of the last 10 days.

    This transaction was made possible by institutional investors who had earlier subscribed 750,000 shares from existing shareholders, thus demonstrating the trust in the company held by both existing shareholders and large inves- tors. The company plans to finish the restructuring process that began in the fourth quarter of 2000 by the middle of this year.

    The Executive Board considers the capital increase necessary in order to be able to carry out, among other things, appropriate sales and marketing activi- ties during the restructuring of the group without having to draw upon the company's liquidity base. Increased sales and marketing activities after the restructuring are being planned for the CeBIT trade fair on March 22, 2001.

    Further information: Softmatic AG Heidbergstr. 100 22846 Norderstedt Tel: +49-40/528 44-225 Fax: +49-40/52844-425 E-Mail:

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