Pironet NDH AG : sells all shares in nexum AG: Shares transferred by paying the fixed purchase price

Cologne, 10 January 2013 - As stated in its ad-hoc message of 15/11/2012, Pironet NDH AG has hived off its consulting and creation branch and has sold all its shares in nexum AG. The majority of the shares were purchased by the Board members, as well as other managers and staff members of nexum AG. Some shares were also sold to selected private investors.

The transfer of the shares became effective at the end of 31/12/2012 after the fixed purchase price was paid to Pironet NDH AG in December.

The agreed purchase price of up to EUR 2.3 million consists of a fixed purchase price of EUR 1.3 million plus an earn-out payment amounting to up to EUR 1.0 million. In addition, all Group accounts payable will be returned to Pironet NDH AG by 30/06/2013.

Consistent orientation towards scalable IT products and services
Selling nexum AG will enable Pironet NDH AG to focus more strongly on its core business, on which the management of Pironet NDH AG has been concentrating since the last fiscal year. In the medium term the aim is to post a double-digit EBIT margin at group level.To achieve its growth and profitability targets, the company consequently wishes to concentrate its business on highly-scalable IT products and services and to expand in this field.

nexum AG belonged to the Group segment Consulting and Creation of Pironet NDH AG and focused on the online marketing, e-commerce and website sectors. As the company operates in the agency and consulting sector and consequently has a different business model, the scaling and networking effects within the Group are comparatively minor. In view of its reorientation, Pironet NDH AG, in close cooperation with nexum AG, has therefore decided to withdraw from business activities in the agency environment.

Objective: Networked business models with high development potential
Pironet NDH AG wishes to use the sales revenues from selling the shares in nexum AG to strengthen its position in promising target markets such as cloud computing and to create a portfolio with strong, inter-networked and highly-scalable IT solutions. Together with the medium-term target of achieving double-digit EBIT margins, these success criteria will determine the further structuring of the business activities.

A partner agreement was signed with nexum AG at the same time as the purchase contract. The subject of this partnership is to continue cooperation in joint customer projects.

Contact
Pironet NDH
Investor Relations
Von-der-Wettern-Straße 27
D-51149 Cologne
Germany
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