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25.01.2000

CENIT AG buys back its own shares

Stuttgart, January 25th 2000. - CENIT AG Systemhaus will buy back its shares starting on January 25th. At the annual general meeting of July 14th 1999, CENIT’s board of management was authorised to acquire shares as a financing instrument for acquisitions or for stabilising the share price. According to the relevant resolution, altogether up to 400,000 own no-par-value shares may be repurchased, but not more than correspond to the book value of ten percent of equity capital (EUR 4 million).

Background

With a staff of more than 400, CENIT AG is one of the leading system and service providers for information technology in Germany. In its three business segments - CAD/CAM solutions, e-business and IT services - this Stuttgart-based company offers industrial enterprises, insurance companies, banks and trading companies tailor-made solutions from one source. In 1998, CENIT AG made sales totalling DM 120.5 million. As well as branches in Berlin, Frankfurt am Main, Duesseldorf, Hanover, Munich and Saarbruecken, the company has subsidiaries in Manchester, UK 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