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Ferrari grants CENIT major EUR 1.7 million order

IT Partnership deal signed with Italian Sports and Racing Car Manufacturer

Maranello, Stuttgart, May 9, 2001.-  Ferrari, the Formula One racing car legend, has chosen L&H Consultant Inc. (to be renamed CENIT America), a subsidiary of software systems integrator CENIT AG Systemhaus, as its exclusive partner for all information technology (IT) services. The three-year-deal, worth EUR 1.7 million annually (approx. DM 3.3 million), was recently signed by Ferrari Chairman Luca Cordero di Montezemolo and Alex Habrich, CEO of L&H Consultant. CENIT will supply all IT systems for developing Formula One machines and sports cars using Computer Aided Design (CAD) tools, they will implement and manage the company’s virtual networks, provide technical support and train Ferrari personnel. The agreement also involves CENIT integrating the Internet into the design systems, enabling Ferrari to develop and test vehicles simultaneously from different centers worldwide. The CENIT staff on-site will be increased significantly. Ferrari engineers in Maranello, Italy, are currently supported by 17 CENIT specialists.

Ferrari and L&H have been a Formula One dream team for five years already. For CENIT, the partnership with Ferrari adds yet another key client to its extensive customer list. In the e-engineering and e-business divisions, more than 870 employees worldwide are working for leading global players such as Allianz, ABB, EADS Airbus, Siemens, Bell Helicopter, BMW, Porsche, DaimlerChrysler, Boeing or Hugo Boss.

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