07.04.2003 – 08:04

OnVista AG

euro adhoc: OnVista AG
Annual Reports
Successful financial year 2002: Return to the black
Positive cash flow
Cost reduction (E)

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

7 April 2003 - In the financial year 2002, OnVista AG (DE0005461602)
returned to profitability despite difficult market conditions. The
group pre-tax result (EBT) totalled Euro 0.15 mill., slightly
exceeding the company’s projections. In the previous year, OnVista
still recorded a highly negative EBT of Euro -9.81 mill. As
predicted, EBIT was negative (Euro -1.19 mill.) but did improve
considerably compared to the previous year (Euro -5.68 mill.). EBITDA
was even more positive than the pre-tax result. After Euro -2.56
mill. in the previous year, EBITDA totalled Euro 1.44 mill. in the
year under review. Contrary to the last forecast, the group after-tax
result was highly positive at Euro 2.45 mill. The large increase is
purely the result of technical accounting. The reason lies in the
spin-off of the two operating business segments, Technologies and
Media, into independent limited liability companies and the related
disclosure of hidden reserves, which led to the creation of prepaid
deferred taxes in the group accounts. This is a one-off effect
without impact on liquidity and does not materially affect the
company’s economic position.

The only key figure affected is the after-tax result under US GAAP.
The positive performance in operating business was primarily due to
cost savings in the amount of Euro 1.92 mill. (-11%) to Euro 15.06
mill. (prev. year: Euro 16.98 mill.). Group sales totalled Euro 12.58
mill., after Euro 12.60 mill. in 2001. Total income from operating
business, including additional income from licence agreements shown
under ‘other operating income’ (Euro 0.87 mill.), amounted to Euro
13.45 mill., 6.7% higher than the result of the previous year. The
Technologies business segment accounted for 72% of group sales with
the Media business segment generating 28%. Both segments made a
positive contribution to the group result.

In contrast to the previous year (Euro -5.77 mill.), cash flow was
positive, totalling Euro 1.16 mill. As at 31 Dec. 2002, cash and cash
equivalent positions increased to Euro 27.46 mill. (31.12.2001: Euro
27.27 mill.). The cash value per share rose to Euro 4.10 (31.12.2001:
Euro 4.07).

Consolidated financial statements under US GAAP; detailed press
release in German language: www.onvista-ag.de, heading 'Presse';
publication of the annual report at time of Annual Press Conference
on 16 April 2003 at: www.onvista-ag.de, heading 'Investor Relations'.

OnVista has been listed on the Frankfurt Regulated Market (Geregelter
Markt) since 1 Jan 2003, Prime Segment.

end of announcement        euro adhoc 07.04.2003

Further inquiry note:

Stefan Bohlmann (IR) tel. +49(0)2203 9146 220 E-Mail: ir@onvista.de Anja Seipp (Press) tel.
+49(0)2203 9146 306 E-Mail: presse@onvista.de

Branche: Computing & Information Technology
ISIN: DE0005461602
WKN: 546160
Index: Nemax
Börsen: Frankfurter Wertpapierbörse / Neuer Markt
Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade