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HDW, Germanys largest shipyard concludes multimillion contract with CENIT and IBM

Hamburg, July 25, 2001 – Howaldtswerke-Deutsche Werft AG (HDW), Kiel, Germany, is the first European shipyard to convert its complete development, construction and product data management activities to integrated data technology. Thus, Germany`s largest shipyard - and the international market-leader in the field of conventionally powered submarines - has signed an eight-figure contract (EUR) with CENIT AG Systemhaus and IBM Germany GmbH. The creation of particular shipyard-modules is one of the goals. For CENIT, this collaboration with HDW will open a new industrial sector. CENIT will use existing knowledge as well as knowledge gained throughout the project to fully penetrate this sector. In this project, CENIT will be responsible for consulting and therefore also for the training, methodology and the support of the design engineers, as well as for the linkage of yet existing software-interfaces at HDW – for example the link between SAP and the production and construction. CENIT will cover the entire process-chain with their know-how in consulting. IBM will deliver hard- and software, and will also accept, together with CENIT, extensive conceptual tasks and act as consultants throughout the initial phase.

Further details will be presented at today`s press-conference in Hamburg at 11 am.

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