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27.03.2006

CENIT balance sheet 2005 shaped by successful consultancy and software business

Earnings per share up by 73 % to EUR 1.61

Adhoc release pursuant to Article 15 of the German Securities Trading Act (WpHG)

Stuttgart – 27 March 2006 – 10:00 a.m. – CENIT generated consolidated sales of EUR 74.3 million in the 2005 financial year (2004: EUR 74.9 million /-1 %). The service segment again posted a strong increase of around 10 %. This was accompanied by extremely positive development in the software segment, particularly in the marketing of CENIT software. However, there was a considerable decline in hardware sales, which fell by around EUR 7.2 million from EUR 21.6 million in 2004 to around EUR 14.4 million in 2005. Gross income increased again, by 9 % to EUR 52.1 million (2004: EUR 48 million). EBITDA reached EUR 10.2 million (2004: EUR 8.2 milion/+24 %). Earnings from business operations before interest and taxes (EBIT) increased by 25 % in the reporting period from EUR 7.5 million in 2004 to EUR 9.4 million. An EBT of EUR 9.1 million (2003: EUR 7.6 million/+20 %) and a Group EPS of EUR 1.61 (2003: EUR 0.93/ +73 %), marks the end of a highly successful year for CENIT. The equity ratio of the Group was up from 49 % in 2004 to 58 %. Equity amounted to EUR 19.57 million (2004: EUR 13.96/+40 %). Cash and cash equivalents, including securities, increased by 42 % to EUR 20.8 million in 2005 (2004: EUR 14.7 million). The Group’s order book totalled EUR 19.3 million as at 31 December 2005 (2004: EUR 16 million/ +21 %) and orders received in 2005 amounted to around EUR 79.6 million (2004: EUR 78 million/+2 %). The Group had 523 employees on the reporting date of 31 December 2005 (2004: 466).

Dividend

Due to the good business development, the Executive and Supervisory Board will propose to the shareholders’ meeting that a dividend of 60 cents (2004: 30 cents per share) and a special dividend of 30 cents per share be distributed to shareholders. Both measures highlight our positive expectations for business development in 2006 and 2007.

Outlook

The Executive Board is optimistic that the Group’s business operations will expand further in 2006 and 2007 for the outsourcing of product lifecycle management, enterprise content management and application management, particularly in the service and software segments. We also plan to achieve double-digit increases in sales of our own software solutions in 2006. The US business will continue to be expanded with additional employees. We also anticipate a continued positive market environment in our relevant markets and wish to take advantage of this opportunity to gain additional market share. CENIT thus also plans to increase the number of emplyees by 10 % in 2006, thereby creating the basis for future growth. If the trend continues, the number of emplyees is also expected to increase further in 2007.

Forward-Looking Statements
This news release may contain forward-looking statements about the business, financial condition, results of operations and earnings outlook of CENIT Words such as "may,""will," "expect," "anticipate," "contemplate," "intend," "plans," "believe,""continue" and "estimate," and variations of these words and similar expressions, identify these forward-looking statements. These statements are not guarantees of future performance, involve certain risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. In any forward-looking statement in which CENIT expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will result or be achieved or accomplished. Actual operating results may differ materially from such forward-looking statements and are subject to certain risks.

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