11 88 0 Solutions AG — M&A Activity 2008

May 5, 2008

News Details

Corporate | 5 May 2008 08:25

telegate AG: telegate announces voluntary public takeover bid

telegate AG / Offer

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Today telegate AG announces a voluntary public takeover bid for all shares
in klickTel AG (ISIN: DE000A0JJ3E1 / German Securities Number: A0J J3E).
The takeover bid is made in form of a cash consideration of Euro 7.80 per
share and is addressed to all shareholders of the company. The acceptance
period begins on May 7, 2008 and ends on June 12, 2008 at 4.00 pm (MEST).

As of reporting date, April 30, 2008 telegate AG holds 93,4 percent of the
share capital – and is hence majority shareholder – of klickTel AG.

The price of the takeover bid includes a premium of 4,7 percent on the
closing price of the last trading day on the stock exchange (off-floor
trading XETRA) prior to publication of the takeover of the majority of
shares by telegate AG on February 19, 2008. This equals a premium of 21,5
percent in relation to the unweighted average price over the last 6 months
prior to the announcement of the takeover of the majority of shares. In
consideration of this premium and the low liquidity of trading with
klickTel shares over the last few months, telegate is convinced that the
shareholders of klickTel AG are getting an attractive price for their
shares.

The takeover of klickTel AG by telegate AG sees the formation of Germany's
leading alternative 'Local Search' provider. Taken together the two
companies hold a market share of around 15 percent in Germany's directory
assistance and industry queries and employ around 400 sales experts making
it one of Germany's biggest nationwide sales organizations specializing in
small and medium-sized companies.

Claudia Strixner
Head of Public Relations
telegate AG
Fraunhofer Strasse 12a - 82152 Munich-Martinsried/Germany
Phone: ++49 (0)89/8954-1188 - Facsimile: 089/ 8954-1189
e-mail: claudia.strixner@telegate.com

05.05.2008 Financial News transmitted by DGAP

Language: English
Issuer: telegate AG
Fraunhofer Str. 12a
82152 München-Martinsried
Deutschland
Phone: +49 089 - 89 54 0
Fax: +49 089 - 89 54 10 10
E-mail: info@telegate.de
Internet: www.telegate.com
ISIN: DE0005118806
WKN: 511880
Indices: Prime All Share
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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