Augusta Technologie AG

ots Ad hoc-Service: Augusta Technologie AG AUGUSTA sells Korona
Sale to NASDAQ company Bonso Electronics Internationa

Ad hoc-announcement. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Frankfurt am Main (ots Ad hoc-Service) - Neuer Markt-listed AUGUSTA Technologie AG (WKN 508 860) is selling all its interests in its subsidiary Korona Haushaltswaren GmbH & Co. KG. The kitchen and bathroom scales specialist is being sold to Bonso Electronics International Inc. One third of purchase price will be paid in Bonso common shares. The definitive acquisition agreement has been signed by both parties and the closing is anticipated to occur in May 2001. Korona's new proprietor, Bonso Electronics International (www.bonso.com), headquartered in Hong Kong, is an internationally successful designer, developer and manufacturer of electronic scales and weighting instruments, telecommunication and health care products. Bonso products are manufactured in the People's Republic of China on behalf of customers primarily located in North America and Europe. The company is listed on New York's NASDAQ (symbol: BNSO). AUGUSTA, which focuses on the industrial IT business, had recently no longer been able to offer Korona the Group synergy effects which distinguish the AUGUSTA Group and which substantially promote the growth of its individual companies. In future, AUGUSTA and its ten subsidiaries will focus primarily on the high-growth and high-yield divisions Software & Systems Technology, Sensor Technology and Communications Technol-ogy. Korona had revenues of EUR 16.7 million in 2000. Despite of sale of Korona, AUGUSTA confirms its sales and earnings targets of EUR 327.2 million and EUR 1.00 per share respectively. For further information, please contact Lena Stippich, Investor Relations. Tel: +49 (0)69 24 26 69-19 E-mail: stippich@augusta-ag.de The Managing Board WKN: 508 860; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Augusta Technologie AG, übermittelt durch news aktuell

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