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13.04.2000

CENIT announces intention to acquire a strategic partner in North America

Locations in Canada, the USA and Mexico

World-wide support for global customers

Stuttgart, April 13th 2000. CENIT AG Systemhaus has signed a preliminary agreement to acquire 100% of L&H Consultants Inc., Montreal, (Canada). This is another decisive step in CENIT’s drive to become a global player. L&H, which has been present in the North American market for over ten years, is one of the leading providers of engineering solutions. With some 160 employees, the company estimates sales of approximately EUR 16 million in 2000. Besides its headquarters in Montreal, it has branches in Toronto, Charlotte, Detroit and Mexico City. Its customers around the world include renowned enterprises like Boeing, Bombardier, DaimlerChrysler, Honda, Ferrari, and Hyundai.

This acquisition is the essential element in CENIT’s globalisation strategy and gives it access to the North American market. What is more, the company will expand its portfolio with L&H products, including web-based software tools for engineering process improvement. "We will begin with our common activities in CAD/CAM solutions for which L&H is the ideal partner. In the medium term, we will expand our business in North America to include e-business and IT services," agreed Falk Engelmann, spokesman for the board of directors at CENIT AG Systemhaus and Alex Habrich, CEO of L&H Consultants.

Background

With over 500 employees, CENIT AG Systemhaus, Stuttgart, a company listed on the Neuer Markt, is an international acting 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