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ots Ad hoc-Service: Telegate AG Öffentliches The public swap offer for telegate shareholders has expired: 11.3 percent of outstanding shares were registered for the swap

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    Munich (ots Ad hoc-Service) - The deadline for the public swap offer from Seat Pagine Gialle to shareholders of the Munich-based Telegate AG expired on 12 July 2000. 11.3 percent (1.4 million) of the outstanding shares were registered for the swap. This means that, following completion of the swap, Telegate AG remains an attractive company for investors with a free float of over 23 percent.

    In an exchange of shares, SEAT Pagine Gialle in May 2000 announced to take over the 51 percent of telegate Holding GmbH previously held by Ligapart, a company belonging to Metro Holding AG, and the RSL COM Group.

    Financial information: Press information:

    telegate AG Hoschke & Consorten Wolfgang Brand Anja Meyer Fraunhofer Str. 20 Deichstraße 29 82152 München-Martinsried 20459 Hamburg Tel.: 089/ 8954-1120 Tel.: 040/ 36 11 46 Fax: 089/ 8954-1111 Fax: 040/ 36 11 44 e-mail: wb@telegate.de e-mail: a.meyer@hoschke.de

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