029 Group SE

M&A Activity • Feb 22, 2010

News Details

Takeover Bids | 22 February 2010 12:45

Takeover Offer;

Target company: P&I Personal & Informatik Aktiengesellschaft; Bidder: Argon GmbH & Co. KG

Dissemination of an announcement according to the German Securities Acquisition and Takeover Act (WpÜG),

transmitted by DGAP – a company of EquityStory AG.

The bidder is solely responsible for the content of this announcement.

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Amendment to the Publication of the Decision to Make a Takeover Offer

pursuant to Section 10 para. 1 in conjunction with Sections 29 and 34 of

the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und

Übernahmegesetz (WpÜG))

Bidder:

Argon GmbH & Co. KG

c/o Carlyle Beratungs GmbH

Promenadeplatz 8

80333 Munich

Germany

registered with the Commercial Register of the Lower Court of Munich under

HRA 93840

Contact person (press): Katharina Gebsattel

Phone: +49 172 718 6857

Email: katharina.gebsattel@vub.de

Target:

P&I Personal & Informatik Aktiengesellschaft

Kreuzberger Ring 56

65205 Wiesbaden

Germany

http://www.pi-ag.com

registered with the Commercial Register of the Lower Court of Wiesbaden

under HRB 9110

ISIN: DE0006913403 (WKN: 691340)

Listed (shares): Regulated Market (Regulierter Markt) of the Frankfurt

Stock Exchange (Prime Standard), as well as the regulated unofficial market

(Freiverkehr) of the stock exchanges of Berlin, Düsseldorf, Hamburg und

Stuttgart

The offer document and further information regarding the offer will be

published on the Internet at:

http://www.argonverwaltung.com

Information by the Bidder:

Argon GmbH & Co. KG (‘Bidder’) has announced on February 12, 2010 that it

decided to offer to the shareholders of P&I Personal & Informatik

Aktiengesellschaft by way of a voluntary public takeover offer to acquire

their no-par value bearer shares in P&I Personal & Informatik

Aktiengesellschaft and that it intends to offer to the shareholders of the

target company subject to the remaining provisions of the offer document a

consideration in cash in the amount of the statutory minimum price pursuant

to Section 31 para. 1 WpÜG in conjunction with Sections 3 to 5 of the

applicable Offer Regulation (‘WpÜG-AngebotsVO’).

The German Federal Financial Supervisory Authority (Bundesanstalt für

Finanzdienstleistungsaufsicht) has informed the Bidder on February 19, 2010

that the valid three-month average share price (Section 5 para. 1

WpÜG-AngebotsVO) as determined as of the record date February 11, 2010

amounts to EUR 17.73.

Accordingly, the Bidder informs that it intends to offer to the

shareholders of P&I Personal & Informatik Aktiengesellschaft a

consideration in the amount of

EUR 17.73

per no-par value share of P&I Personal & Informatik Aktiengesellschaft.

Furthermore, the Bidder herewith informs that it holds as at the date of

the publication 2.299.000 nopar value shares of P&I Personal & Informatik

Aktiengesellschaft and that such shareholding corresponds to 29.86% of the

voting rights and the capital of P&I Personal & Informatik

Aktiengesellschaft.

Important Information:

This announcement is neither an offer to purchase nor a solicitation of an

offer to sell shares of P&I Personal & Informatik Aktiengesellschaft. The

offer to purchase shares in P&I Personal & Informatik Aktiengesellschaft

will only be made by the publication of the offer document and solely on

the basis of the provisions contained therein. Investors and shareholders

of P&I Personal & Informatik Aktiengesellschaft are strongly advised to

read the offer document and all other relevant documents regarding the

Takeover Offer as soon as they are published, since they will contain

important information.

Munich, February 22, 2010

Argon GmbH & Co. KG

End of WpÜG announcement(c)DGAP 22.02.2010

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Listed: Regulierter Markt Frankfurt (Prime Standard); Freiverkehr Berlin,

Düsseldorf, Hamburg, Stuttgart