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18.04.2000

CENIT takes over the French e-business enterprise Spring Technologies

Expansion of international activities within Europe

Another 150 IT and Web specialists to support the CENIT group

Stuttgart, April 18th 2000. With the takeover of the French Spring Technologies group, CENIT AG Systemhaus successfully continues its globalisation strategy. Only a few days after the announcement of the imminent acquisition of the L&H Consultants group in North America, with the takeover of Spring Technologies, CENIT is to become the dominant IT enterprise for implementing business processes with Web-based technologies. The great experience of the Spring Technologies group and the lead which the L&H Consultants group has in Internet know-how will be of benefit to the CENIT group as regards both market share and sales growth. It is planned that the Spring group will make a substantially positive contribution to CENIT group earnings already in 2000. CENIT’s medium-term target as an IT consulting company to achieve sales of DM 1 billion in the tempestuously growing e-business market is thus consistently pursued.

The Paris-based Spring Technologies group with branches in the most important French industrial centres like Lyon, Toulouse, Nantes and Sochaux, is extremely well positioned in France. With over 150 IT and Web specialists, Spring made sales of EUR 15 million in 1999. With the acquisition of Spring Technologies S.A., CENIT plans an appreciable extension of its lead in the market for Internet infrastructure services - a sector with an above-average growth rate. Spring’s customers include such renowned names as Renault, Peugeot, Citroen and Aerospatiale. The innovative business sectors of the Spring Technologies group include the building up of markets for the automobile supplier industry, Web-based solutions for workflow and document management, and the know-how to build up and operate the most complex e-commerce infrastructures.

"The takeover of Spring Technologies is an important element of our future-orientated Web and Internet globalisation strategy," says management board spokesman Falk Engelmann. "After the UK, Switzerland, USA and Canada, we now have another important base from which to look our internationally operating customers." Gilles Battier, CEO of Spring Technologies S.A.: "Thanks to the merger with CENIT, Spring Technologies S.A. will become a key player in the rapidly growing e-business market in France."

Background

With over 500 employees, CENIT AG Systemhaus, Stuttgart, a company listed on the Neuer Markt, is an international service provider for information technologies. By concentrating on Internet technologies, this system provider with business activities in e-business, CAD/CAM Solutions and IT Services, offers tailor-made solutions from one source. In 1999, CENIT AG Systemhaus made sales of Euro 79.5 million. In addition to its branches in Berlin, Frankfurt, Duesseldorf, Hanover, Munich and Saarbruecken, the company has subsidiaries in Manchester and Oxford, U.K. and Frauenfeld near Zurich, Switzerland.

Please contact:

CENIT AG Systemhaus
Prime Standard Listing - ISIN DE0005407100

Fabian Rau
Vice President Investor Relations & Marketing
Industriestraße 52-54, D-70565 Stuttgart
Tel.: +49 711 7825-3185
Fax: +49 711 782544-4185
E-Mail: info@cenit.de

Tanja Marinovic

Tanja Marinovic

+49 (0)711 7825 3320
aktie@CENIT.de