17.10.2003 – 17:53

ABIT AG

euro adhoc: ABIT AG
GFKL Financial Services AG buys ABIT AG shares held by MCS et Associés S.A.
change in supervisory board of ABIT AG (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

Meerbusch, 17 October 2003. Today, GFKL Financial Services AG (GFKL),
Essen, has informed ABIT AG that it has concluded a purchase
agreement with MCS et Associés S.A. (MCS), Paris, for a total of
672,321 shares (= 12.41 percent of ABIT AG’s share capital) at a
price of EUR 4.00 each, which is all the stock MCS holds. The
decision by MCS so sell its participation in ABIT AG has to be viewed
in connection with GFKL’s intention to acquire a substantial
participation in ABIT AG. In conjunction with the planned merger of
phinware AG of Düsseldorf into ABIT AG, GFKL had put forth a tender
offer to ABIT AG’s stockholders on 10 October to buy shares at a
price of EUR 4.00 each.

In connection with the sale of the ABIT AG shares by MCS, Mr. Patrice
Mourruau, the majority shareholder in MCS, has stepped down from ABIT
AG’s supervisory board.

ABIT AG and MCS agree that their partnership in the field of
purchasing and recovering outstanding receivables should continue.

Additionally, Mr. Bernd Eberding had to resign from the supervisory
board for health reasons.

ABIT AG will request the court-appointment of Mr. Kurt Sondermann as
member of the supervisory board. Furthermore, there is consensus as
to the third member of the supervisory board, although the formal
decision has yet to be taken.

end of announcement        euro adhoc 17.10.2003

Further inquiry note:

Herr Sven Kamerar
Head of Corporate Communications
Phone: +49 (0)2150 9153 201
E-Mail: investor@abit.de

Branche: Software
ISIN: DE0005122501
WKN: 512250
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade