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euro adhoc: Lintec Information Technologies AG
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Ad hoc announcement by LINTEC Information Technologies AG (Securities Code Number 648 600, ISIN DE0006486004) in accordance with Section 15 German Securities Act: breakthrough in the `chip deal sur

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
22.04.2005
Following lengthy negotiations with Passau tax office, LINTEC
Information Technologies AG has now achieved another breakthrough
regarding LINTEC´s surety for its subsidiary Batavia Multimedia AG in
connection with the `chip deal´ affair - and hence thrown off another
financial millstone. Under the agreement reached, LINTEC can now only
be held liable up to the amount of EUR2.7 million for the surety
originally issued to the amount of more than EUR10.7 million.
Furthermore, LINTEC will only have to pay if the VAT notices (which
are still contested) are declared final, and only if certain external
funds yet to be agreed are returned.
LINTEC has always explained this situation frankly in its annual
reports. Suitable provisions have accordingly been made in the
accounts, amounting since 2003 to EUR2.7 million.
The appeal proceedings have been suspended for the time being since
the European Court of Justice is expected to issue a decision of
general principle on contested VAT proceedings in similar cases later
this year. Batavia denies VAT evasion in connection with an
international VAT roundabout with computer chips (CPUs). The criminal
proceedings launched against Batavia´s previous CEO, Matthias
Sawatzky, were abandoned in 2003, and the following year the head of
Batavia´s trading department was acquitted.
As far as LINTEC is concerned, this now paves the way for acquiring
the funding urgently required to develop its operating business.
All the requirements for a successful 2005 have now been met.
Following the clearance of most of the company´s debt in 2004 and the
breakthrough in the `chip deal´ proceedings, the company is now more
attractive to the capital market. The successful positioning of the
new divisions PCs & Entertainment Electronics and Production &
Logistics will result in higher profitability and hence contribute to
LINTEC´s turnaround in 2005.
end of announcement                    euro adhoc 22.04.2005 15:16:34 

Further inquiry note:

LINTEC Information Technologies AG, Investor Relations, Tel: +49
(0)34298 71607, Fax: +49 (0)34298 71372, Email: aktie@lintec.de, Web:
www.lintec.de

Branche: Computing & Information Technology
ISIN: DE0006486004
WKN: 648600
Index: Prime Standard, CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade

Plus de actualités: Lintec Computer AG
Plus de actualités: Lintec Computer AG