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07.02.2003

CENIT sells subsidiary in France

Letter of Intent for Transaction is signed

Adhoc announcement according to §15 WpHG

Stuttgart, February 7, 2003 - CENIT AG Systemhaus sells its french subsidiary Spring Technologies S.A. to the current Board of Management by a management buyout. A letter of intent including all details has already been signed. The sale of the subsidiary in France is combined with a distribution contract that guarantees future sales of CENIT services and products in France.

The business partnership between IBM and Spring Technologies will be continued under the name “Cenit France”.

In 2002 Spring’s deficit decreased CENIT`s profit. Therefore, the sale of Spring will have a positive influence on CENIT’s financial results 2003. This measure is a further step towards our strategic goal, the increase of profits.

This includes a full depreciation of the company value of Spring Technologies, balanced with 7 Mill. EUR. This depreciation will not have any impact on our cash assets.

The separation from Spring Technologies is another step in CENIT`s consistent restructuring- and cost reduction program, that has already led to a considerable improve of the company’s results in the last three quarters.

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