i:FAO AG

ots Ad hoc-Service: i:FAO AG

Ad hoc-announcement. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Frankfurt/Main (ots Ad hoc-Service) - The executive management of i:FAO Aktiengesellschaft (WKN 622 452, listed at Neuer Markt, Frankfurt) reports that in the context of a capital increase the final purchase price payment for the acquisition of the American QuixData Inc. was made. This lasting increase of the enterprise value of i:FAO AG by EURO 266,325 to EURO 5,709,325 is executed under the partial utilization of the authorized capital at a value of EURO 536,800 created by the general shareholder meeting on January 20,1999 . The issue of the new shares in the name of the holder is implemented using the appropriate increase of the portfolio book value of QuixData Inc.. The new shares are entitled to full profit sharing starting from January 01, 2001. The subscription right of the shareholders is excluded. According to the conditions as per the purchase agreement the purchase price payment is subject to achieving certain sales objectives. For this reason 132,474 shares were deposited on trust with a fiduciary and are thereby not in the control of the old shareholders of the QuixData, Inc.. With this capital increase i:FAO Aktiengesellschaft once more underlines its strategy to create a lasting increase in the value of the company, without decreasing the outstanding liquidity situation of the enterprise. The Executive Management Board Contact: Louis Arnitz i:FAO Aktiengesellschaft Telephone: +49 (69) 7680-5500 eMail: arnitz@ifao.net WKN: 622452; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart, Hannover End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: i:FAO AG, übermittelt durch news aktuell

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