12.09.2007 – 08:04

S&T AG

euro adhoc: S&T System Integration&Technology Distribution AG
Strategic management decisions
S&T: IMG Americas Management Buy Out

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

Management Buy Out

12.09.2007

S&T concentrates on Central and Eastern Europe as well as Asia

September 12, 2007. Through a Management Buy Out the local management
of the American subsidiary of the IMG Group is taking over the US 
subsidiary IMG Americas effective immediately. S&T, which had taken 
over the consulting company IMG including its American subsidiary in 
Spring 2007, will continue to concentrate on Central and Eastern 
Europe as well as on Japan and China.

The S&T Group is separating from the US subsidiary of the IMG Group 
and selling the subsidiary to the local management under the 
direction of Klaus Schottenhamel, president and CEO of IMG Americas. 
IMG Americas´ offices in Waltham (MA), New York City (NY), Mendenhall
(PA), Westchester (IL), and Mountain View (CA) are staffed with less 
than 50 employees and will continue to manage US customers of IMG and
S&T within the scope of a cooperative contract. Furthermore, the 
companies will work as strategic partners on existing and future 
customer projects both in the US and globally. The Management Buy Out
will not have a material impact on the results of the S&T Group.

About S&T - www.snt-world.com - XETRA Vienna With about 3,000 
employees and 461.3 million Euros revenue in 2006, S&T is the leading
provider of IT consulting, IT solutions, and IT services for 
customers in Central and Eastern Europe and in the 
Germany-Austria-Switzerland region as well as in Asia. The consortium
has together with the in spring 2007 acquired IMG a successful 
presence of over 80 subsidiaries in 22 countries. The core business 
of S&T is IT consulting, development and implementation, as well as 
the creation of custom IT solutions, processes and systems. S&T 
supports large and mid-sized companies along the entire IT 
value-added chain. In particular, S&T addresses the needs of the 
manufacturing and trade industries, telecommunications, the public 
sector, as well as financial service, energy service providers, car 
trade companies and aerospace & defense industry. S&T corporate 
headquarters is in Vienna and has been listed on the Vienna Stock 
Exchange since 2003.

Issuer:                 S&T System Integration & Technology Distribution AG
                        Geiselbergstrasse 17-19
                        Austria-1110 Vienna
Telephone:              +43 1 367 80 88 0
Fax:                    +43 1 367 80 88 1099
Email:                   snt@snt-world.com
WWW:                    http://www.snt-world.com
Exchange:               Vienna stock exchange
ISIN:                   AT0000905351
Indices:                ATX Prime, ViDX, WBI
XETRA Vienna:           SNT

end of announcement                               euro adhoc 12.09.2007 07:30:00

Further inquiry note:

Armin Baltzer
Head of Investor Relations
S&T AG
Geiselbergstr. 17-19/3
1110 Vienna, Austria
Tel.: +43(1)3678088 1020
Mobile: +43(664)60191 1020
Fax: +43(1)3678088 1099

armin.baltzer@snt-world.com
http://www.snt-world.com

Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market