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29.11.2001

CENIT carries through the separation from the subsidiaries in North America

Contracts are signed and sealed.

Stuttgart, November 29th 2001 - CENIT AG Sytemhaus carried through the signing of the contracts, finalizing the reverse transaction of the subsidiaries.
The North American companies are returned to the original owner. Only one company unit, Solid Xperts Inc., based in Canada and the US, and, as against the other companies, always profitable, will remain connected with CENIT. Additional to this, CENIT opened a sales office in Detroit for handling existing customers` projects. Parting from the subsidiaries in the USA, CENIT continues the consistent restructuring- and cost reduction program, thus initiating a considerable improve in the 2002 group results.

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