029 Group SE

M&A Activity • Feb 12, 2010

News Details

Takeover Bids | 12 February 2010 10:15

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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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’) decided today to offer to the shareholders

of P&I Personal und Informatik Aktiengesellschaft by way of a voluntary

public takeover offer to acquire their no-par value bearer shares in P&I

Personal & Informatik Aktiengesellschaft. The Bidder is a company that is

indirectly controlled by the fund Carlyle Europe Technology Partners II,

L.P.

Subject to the other provisions of the offer document, the Bidder intends

to offer the shareholders of P&I Personal & Informatik Aktiengesellschaft a

cash consideration in the amount of the statutory minimum price as

determined by the German Federal Financial Supervisory Authority pursuant

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

applicable Offer Regulation (WpÜG-Angebotsverordnung) (‘Takeover Offer’).

The Takeover Offer will presumably be subject to approval of the competent

cartel authorities only.

The Bidder reserves the right, as far as legally permissible, to deviate in

the final terms and conditions of the Takeover Offer from the basic

information described herein.

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 12, 2010

Argon GmbH & Co. KG

End of WpÜG announcement(c)DGAP 12.02.2010

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

Düsseldorf, Hamburg, Stuttgart