1&1 AG — Interim / Quarterly Report 2006

May 16, 2006

DRILLISCH AG – 1ST QUARTER 2006 REPORT

FACTS AND FIGURES

Drillisch Group Indicators

Drillisch Group	I/2006	I/2005	I/2004
Revenues in million €	67.1	78.6	83.7
EBITDA in million €	6.1	5.6	4.7
EBIT in million €	5.2	4.7	2.8
EBT in million €	5.6	5.0	2.9
Group net earnings in million €	3.3	3.0	1.3
Earnings per share in €	0.10	0.09	0.04
EBITDA margin as % of sales	9.1	7.1	1.3
EBIT margin as % of sales	7.8	6.0	3.4
EBT margin as % of sales	8.3	6.3	3.5
Group net earnings margin as % of sales	5.0	3.8	1.6
Capital ratio (% of equity to balance
sheet total) in %	66.9	66.4	50.8
Return on equity (group earnings to equity) in %	4.6	5.1	2.6
Cash flows from operating activities in million €	-0.2	-3.7	0.1
Depreciation (not including goodwill in prior years) in million €	0.9	0.9	1.9
Investments, adjusted, in million €	0.4	1.0	0.2
Annual average number of employees
(incl. executive board)	313	361	376
Mobile subscribers as at 31 March
(approx. in thousands)	1,650	1,634	1,595
Prepaid subscribers	1,110	1,217	1,122
Postpaid subscribers	540	417	473

CONTENTS

Facts and Figures	2
To Our Shareholders	4
Letter from the Executive Board	4
Investor Relations Report	5
Market Environment	7
The Mobile Communications Market	7
The Software Market	8
Drillisch Group Business Performance as at 31 March 2006	9
Group Companies	9
Earnings Situation, Net Worth and Financial Position	10
Future Corporate Growth Opportunities and Risks	11
Interim Consolidated Financial Statements as at 31 March 2006	12
Consolidated Balance Sheet	12
Consolidated Income Statement	13
Consolidated Statement of Changes in Shareholders' Equity	14
Consolidated Cash Flow Statement	15
Notes to the Consolidated Financial Statements	16
Service Corner	18
Publications	18
Contacts	18
Information and Ordering Service	19
Imprint	19

TO OUR SHAREHOLDERS Letter from the Executive Board

Paschalis Choulidis Executive-Board Spokesman, Director of Finances, Financial Communication, Controlling and IT

Vlasios Choulidis Director Sales, Marketing, Customer Care

Dear Ladies and Gentlemen,

In first quarter 2006 Drillisch resumed last year's excellent business performance without missing a beat. The postpaid and prepaid businesses and the simply discount brand all contributed to this achievement. It is with this kind of sustained rise in earnings that we continue to successfully pursue our strategy of profitable growth. Compared to the same quarter a year ago, net income improved 12.7 percent to more than 3.3 million euros during these first three months of 2006.

The EBITDA (earnings before interest, taxes, depreciation and amortization), which is the most important earnings metric for making international profitability comparisons, increased 9 percent to 6.1 million euros. As a result, the net operating margin (EBITDA to sales) has already reached 9.1 percent in what is a traditionally weak quarter for earnings. This figure is two full percentage points higher than in first quarter 2005. The net operating margin for the entire previous year – the best fiscal year in corporate history – was bettered by 0.5 percentage points. This means that we are already approaching our profitability goal for 2007, namely a double-digit gross margin. The Drillisch Group companies again invested heavily in acquiring new customers, extending existing contracts and in advertising for the simply discount brand throughout this first quarter of 2006. Spending for all this totaled almost four million euros, which were reported directly as expenses.

The Drillisch Group generated revenues of 67.1 million euros (31 March 2005: 78.6 million euros) from its 1.65 million customers (31 March 2005: 1.63 million customers). As expected, sales revenues were below that of the year-earlier quarter. It became apparent in the second half of 2005 that the prepaid bundle market had changed. The recharging of airtime – the actual core business of the service provider – by newly acquired subscribers had no longer grown as expected compared to prior years. Because of this change in the market, we decided to give greater attention to the quality of such prepaid subscribers and not so much on their volume. This naturally leads to us not achieving the earlier level of sales in this initial business sector. The bottom line is that these subscribers generate sales revenues but no earnings. The primary focus for us, however, is increased earnings.

Our demand on sales is that they have to deliver a minimum contribution to earnings. We want to generate sales that can favorably contribute to group profits. The clear goal must be to increase the EBITDA.

The executive board expects an EBITDA increase to more than 30 million euros (prior year: 27.8 million euros) for the full 2006 year. In doing so the executive board aims to increase the total number of subscribers – particularly in the postpaid segment – by some 100,000 million to 1.8 million.

With best regards from Maintal,

Paschalis Choulidis and Vlasios Choulidis

TO OUR SHAREHOLDERS

Investor Relations Report

The Capital Market – 1 January to 31 March 2006

Telecommunications stocks played a relatively minor role in how the stock markets performed in first quarter 2006. At the beginning of the year the upside was dominated by those sectors that are driven most by the state of the economy, such as primary materials and automobiles. The German stock markets again showed a positive performance in February and were supported by two major factors: one being available liquidity and the other those latent visions of potential takeovers. Earnings forecasts were mostly revised upwards in February. Adding to this was the fact that the business expectations of German companies were at their highest level since 1994. Even in March the German stock market performed better than the Euro Stoxx. Overall it was the envisioning of acquisitions, increased M&A activity and the start of quarterly reporting that were the driving forces behind this upbeat sentiment.

The TecDAX in 1st Quarter 2006

The Drillisch stock performed quite well compared to the competition even though its performance lagged below that of the relevant indices. This was attributable on the one hand to eroding margins within the industry, which of course service providers cannot apply 1:1, and on the other hand to increased investor interest in other branches, such as solar-energy stocks, for example.

	31.12.2005	31.03.2006	Change
Drillisch	4.55 EUR	4.93 EUR	+ 8.35 %
TecDAX	596.47 Points	727.22 Points	+ 21.92 %
TecAllShare	765.62 Points	932.19 Points	+ 21.76 %

The Drillisch Stock in 1st Quarter 2006

The Drillisch share price rose 8.35% from its 2005 year-end close until the end of this quarter. On average 120,301 shares changed hands in Xetra trading and 29,926 on floor trading at the Frankfurt Stock Exchange. We conducted a great deal of investor discussions and presented the company on the capital markets in this first quarter. These presentations are available on the Internet on our Investor Relations page and are an important element of our information policy.

In the future we intend to further improve the visibility and awareness of both the Drillisch company and its stock among the public in order to establish and maintain a solid shareholder base. The company's excellent state of health clearly contributes to this effort. One stumbling block worth pointing out is that the Drillisch stock is not represented on any of the major indices and is therefore considered by institutional investors to be just something to add to their portfolio mix. We are pursuing a more long-term-oriented strategy in order to highlight the kind of potential that Drillisch shares offer as an investment and are keeping in contact with those investor groups most relevant to us. We aim to join the TecDAX over the medium term.

TO OUR SHAREHOLDERS

Investor Relations Report

1st Quarter 2006 Agenda:

Ad Hoc Announcement

24 February 2006 – Sustained profit increase, EBITDA of 27.8 million euros, EBT of 25.1 million euros, earnings per share of 45 euro cents

Investor Relations Events

Recurring information events for German and foreign investors involving one-onone discussions and road shows.

Directors' Dealings

Sale of 70,000 shares: Nico Forster (supervisory board)

Directors' Holdings (as at 31 March 2006)

Executive Board	Shares
Paschalis Choulidis	812.400 ➝ 2,50 %
Vlasios Choulidis	598.984 ➝ 1,84 %
Supervisory Board	Shares
Dr. Hartmut Schenk	0
Johann Weindl	0
Nico Forster	1.092.879 ➝ 3,36 Prozent
Dr. Horst Lennertz	0
Michael Müller-Berg	0
Dr. Bernd H. Schmidt	0

Treasury Stock as at 31 March 2006

Drillisch AG held 458,664 shares of treasury stock (representing 1.41 percent of the capital) as at 31 March 2006.

The Drillisch Share compared to TecDAX The Drillisch Share – Technical Analysis

MARKET ENVIRONMENT

The Mobile Communications Market

Wireless Sales Profit from Consumer-Friendly Pricing

The current 2006 year will see the German market for information and telecommunications technology (ITT) growing by 2.4 percent to reach a sales volume of 137.4 billion euros. This is what the German Association for Information Technology, Telecommunications and New Media (BITKOM) predicted in a study it published in early March 2006.

Mobile communications is a major growth engine in the telecom segment, as fixed-line phone service continues to decline in importance. Revenues from classic landline telephone voice communications will drop by four percent in the current year. The main reason: According to BITKOM, wireless calling is becoming so inexpensive that more people are using handsets at home and making fewer calls on their wired phones. Price declines within the mobile communications business gathered speed at the end of the past 2005 year, precipitated mainly by the success of discounters. This trend is continuing, albeit somewhat weakened. According to the German National Statistics Office, prices in March 2006 were 11.5 percent below the level of March 2005. However, prices declined by only 0.4 percent compared to February.

The performance of the mobile communications market in 2005 demonstrated how lower prices from more extensive use can lead to higher sales. According to preliminary data from the Federal Network Agency, sales with wireless communications services in 2005 gained 3.1 percent to 23.5 billion euros. Branch experts expect at least this same amount of growth for 2006.

Innovations Benefit Mobile Data Communications

Mobile communications are increasingly competing with fixed-line services. Network operators are advertising economical cellular rates for calls made in the vicinity of people's homes. These offers are increasingly weighing on the fixednetwork operators while generating additional sales for wireless companies. Unlike before, when people hardly ever used their cell phones at home, prices of four euro cents a minute are now motivating them to use their mobile phones more often at home.

Cell phones long ago stopped being used only for making phone calls. Just this past year, handsets capable of supporting complex multimedia applications gained much in popularity. According to connect (in its 5/2006 issue), 2006 will go down in wireless history as the year of the cellphone TV. An analysis by Frost & Sullivan corporate consulting predicts equally great growth opportunities for the cell phone as a digital music player. Thanks to partnerships between the major music publishers and mobile-communications providers, both sides will profit from these kinds of entertainment offerings. The introduction of various song titles as ring tones has already provided a hint about the tremendous potential of this kind of partnering.

MARKET ENVIRONMENT The Software Market

The upcoming FIFA World Cup in Germany is not the only key driving force behind cellphone TV. Ufa, Germany's biggest television producer, announced in mid-April 2006 its plans to move into this sector. The first series designed especially for cell phones is to makes its debut in the latter half of 2006. Even as a navigation tool, the cell phone is being used in a lot more places than just in cars.

Mobile communications will finally become an attractive choice for Internet surfers and fans of multimedia applications thanks to the new HSDPA (Highspeed Downlink Packet Access) technology. HSDPA, which is about five times faster than the earlier UMTS (Universal Mobile Telecommunications System), will finally close the gap to fixed-line systems. Here in Germany we see mostly Vodafone and T-Mobile pushing the launch of what is being touted as "turbo UMTS".

Major Revenue Gains in Software and IT Services

According to a BITKOM study, revenues in information technology will gain 3.4 percent to 70.5 billion euros in 2006. Increased demand stems principally from among small to midsize companies. Software and IT service providers will profit in particular from these greater demands on the part of their commercial customers. Based on BITKOM calculations, sales in the software segment will rise by 5.5 percent to 17 billion euros. These midmarket companies will be the ones making the investments in order to step up their business and make their processes even more efficient. Because the trend toward outsourcing is continuing, IT service providers expect revenues this year to increase 4.5 percent to a total of 29.1 billion euros.

The CeBIT continues to be the main event for the industry. Again this year, this world's biggest computer trade show impressed everyone with its technological innovations. 2006 marked the first time in CeBIT's 20-year history that the show's expectations were surpassed. The trade-show organizers reported how the exhibitors left the show with 20 percent more orders in hand than in 2005 – just one more indication of the upbeat atmosphere within the industry.

DRILLISCH GROUP BUSINESS PERFORMANCE

Group Companies

Drillisch Group Business Performance as at 31 March 2006

Drillisch is one of the most profitable mobile-communications service providers and rightfully claims to be the leader on the German wireless market when it comes to innovation and pricing. The group companies market the mobilecommunications services of all four active network operators in Germany, and have been doing so primarily through specialized retail outlets. The company has also been offering discount products on the Internet under its simply brand since second quarter 2005.

VICTORVOX Launches New Fair Rates

Drillisch AG is responsible mostly for holding functions within the corporate group and provides its subsidiaries with a broad range of services and support. The VICTORVOX unit concentrates on the classic contract-plan or postpaid customer business. New Fair rates were launched in first quarter 2006. These three Fair Free rates, based on a minimum usage requirement of 15, 30 or 50 euros, but with no base service charge, make it even easier for cellphone users to pick the rate that is best for them. The two special-offer rates called Fair Message & More and Fair Call@home, together with an at-home and weekend option, round out the program.

To participate in the great potential of the use of fixed-line networks, VICTORVOX offers attractive products at affordable prices. Until now, mobile phones have almost exclusively been used for calls from away. Now, inexpensive mobile phone calls can be made from at home. That makes the fixed-line network almost superfluous. Since the beginning of February, all new and existing customers who use the T-Mobile or Vodafone networks can make mobile phone calls to the German fixed-line network for only four cents per minute, around the clock, from at home and nearby. This option is available for 4.95 EUR and up per month. No additional mobile phone or SIM card is required.

ALPHATEL Also Markets Cash Cards and Codes

ALPHATEL specializes on the prepaid business and is the only service provider in Germany that also markets cash cards and cash codes on a proprietary platform (processor status). With g~paid, ALPHATEL has a system that enables the secure distribution of PIN codes through electronic means.

simply Remains the Innovation and Price Leader on the Discount Market

The simply subsidiary is where the company has concentrated its discount operations. This business will be expanded considerably in the future. As the discount pioneer, simply is defending its price leadership and is the only discounter that offers both a prepaid and postpaid product. The discount market is the strongest growing segment within the German wireless market. Industry experts expect it to take about a 20 percent share of the mobile-communications market over the medium term. This translates into an annual potential of 3.5 to 4 million new subscribers.

DRILLISCH GROUP BUSINESS PERFORMANCE

Earnings Situation, Net Worth and Financial Position

IQ-work Ensures the Competitive Edge thru Superb IT Competence

IT competence – one of the most vital competitive criteria for wireless services providers – is bundled within IQ-work. This company provides the entire IT services for all of the group companies and markets its own workflow-management software designed to efficiently manage and control complex processes. IQ-work presented a number of important new features of its workflow-management software at this year's CeBIT computer trade show. In January the company acquired two more midsize clients: Herbert Paul, a maker of stamped parts for the automobile, electronics and armature industries, and Steelcase-Werndl, a thriving manufacturer of office furniture.

Staffing

Including the executive board, there were an average of 313 people (first quarter 2005: 361 people) employed in the Drillisch Group in first quarter 2006. This decrease in staffing is attributable for the most part to the sale of the company's chain of retail shops in first quarter 2005. The number of people undergoing formal vocational training increased over the prior-year quarter from 13 to 15.

Earnings Situation

As was the case last year, this first quarter of 2006 was also marked by sustained profit increases with a simultaneous drop in sales revenues. It became apparent in the latter half of 2005 that the prepaid bundle market had changed. The reloading of airtime by newly acquired subscribers – which is how service providers earn their money – had no longer grown as expected compared to previous years. Because of this change in the market, we decided to give greater attention to the quality of such prepaid subscribers and not so much on their volume. This naturally leads to us not achieving the earlier level of sales in this initial business sector. The bottom line is that these subscribers generate sales but no earnings. The primary focus for us, however, is increased earnings. Our expectation on sales is that they deliver a minimum contribution to earnings.

A gross profit of 13.9 million euros (prior year: 15.2 million euros) was reported on sales of 67.1 million euros (prior year: 78.6 million euros). With that, the gross margin improved 1.4 percentage points to 20.7 percent.

On account of the reduced number of employees, the personnel expenses have dropped by 9.6 percent to 4.2 million EUR. The other operational expenses have gone down by 26.4 percent to 3.6 million EUR. The main reasons for the improved cost structure were the severely reduced billing costs, lower legal and consultant's fees, as well as reduced bad debt losses and allowances on accounts receivable. In the course of the customer and turnover optimisation – especially with VICTORVOX which was acquired in late 2003 – all doubtful accounts were consistently written off or value-adjusted in 2004, but also in early 2005. Now this item is close to 0.3 percent of the turnover and has thus reached a 'normal' dimension for Drillisch.

The result before interest, taxes, and depreciation has risen by 9 percent to 6.1 million EUR. The financial result has gone up by 30 percent to 0.3 million EUR and

DRILLISCH GROUP BUSINESS PERFORMANCE Future Corporate Growth Opportunities and Risks

has thus improved the result before taxes by 11.5 percent to 5.6 million EUR. In relation to that, taxes have gone up under-proportionately by 9.8 percent to 2.2 million EUR, so the quarter-end surplus was improved by 12.7 percent to 3.3 million EUR. That breaks down to a result of 0.10 EUR per share (previous year: 0.09 EUR).

Net Worth and Financial Position

Drillisch AG's balance sheet reflects the group's excellent earnings situation. Although the balance sheet total declined by one million euros to 109.8 million euros, the shareholders' equity increased by 2.7 million to 73.4 million euros. The capital ratio improved to 66.9 percent (prior year: 66.4 percent). The trade accounts payable reported under current liabilities declined by 4.8 million euros to 3.9 million euros.

Cash and cash equivalents decreased by 1.3 million to 28.8 million euros, a drop attributable to the balance sheet date. Other current assets increased by 2.5 million euros. The accounts receivable from and payable to the network operators are offset against one another when reported in the balance sheet. The accounts receivable stemming from this offset are reported under other current assets.

The net working capital (current assets minus cash and cash equivalents minus current liabilities) is an indicator that expresses how efficiently a company utilizes its capital. The lower it is, the better the company produces with its capital. In first quarter 2006 the net working capital declined to 1.5 million euros (prior year: 2.0 million euros). The cash flow from operating activities improved by 3.6 million euros to -0.2 million euros compared to the same period a year ago.

Outlook

Drillisch will continue moving forward along a profitable path of growth in 2006 with innovative products and clever ideas. Drillisch will expand its position as the cost leader and most highly profitable service provider. The Drillisch subsidiary VICTORVOX will move another decisive step ahead of the competition with its brand-new Flatrate for Mobile and Internet. For only EUR 39.95 customers can make unlimited mobile calls to German fixed-line numbers and can wireless surf the Internet for as long and as much as they want. Thanks to this product Drillisch has garnered the pricing lead among flat-rate providers.

The executive board expects the EBITDA to increase to more than 30 million euros for the full 2006 year. The profitability goal for the coming 2007 year remains a double-digit EBITDA net operating margin.

Risk Assessment

The Drillisch Group maintains a qualified risk-management system. The objective of this system is to identify as early as possible any developments that could endanger the status of the company as a going concern. There was no change to the risk situation in first quarter 2006 over that of the prior year. Adequate precautions and provisions have been undertaken to manage all probable risks.

Consolidated Balance Sheet

ASSETS
	31.06.2006	31.12.2005
	TEUR	TEUR
Current assets
Cash and cash equivalents	28,804	30,065
Trade accounts receivable	16,621	16,742
Receivables from affiliated companies	83	76
Inventories	8,299	9,092
Tax reimbursement entitlements	1,132	1,930
Other current assets	11,208	8,669
Total current assets	66,147	66,574
Noncurrent assets
Property, plant and equipment	1.609	1.801
Software	4.168	4.441
Investments
Goodwill	34.572	34.572
Deferred taxes	3.268	3.330
Total noncurrent assets	43.617	44.144
TOTAL ASSETS	109.764	110.718

Consolidated Balance Sheet

LIABILITIES AND SHAREHOLDERS' EQUITY
	31.03.2006	31.12.2005
	TEUR	TEUR
Current liabilities
Lease obligations	231	247
Trade accounts payable	3,930	8,773
Advances from customers	17,463	14,161
Tax liabilities	3,675	2,772
Provisions	6,148	6,784
Deferred income	2,168	1,985
Other liabilities	2,202	4,630
Total current liabilities	35,817	39,352
Noncurrent liabilities
Lease obligations	0	39
Deferred taxes	498	604
Noncurrent liabilities	498	643
Shareholders' equity
Subscribed capital	34,458	34,606
Capital reserve	23,096	23,569
Retained earnings	9,902	9,902
Net loss (profit)	5,993	2,646
Total shareholders' equity	73,449	70,723
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	109,764	110,718

Consolidated Income Statement

TEUR TEUR Revenues 67,142 78,569 Other own costs capitalized 414 540 Other operating income 1,000 1,236 Cost of purchased materials and services -54,635 -65,185 Personnel expenses -4,169 -4,612 Other operating expenses -3,629 -4,932 Depreciation and amortization -894 -884 Operating income/loss 5,229 4,732 Financial result 324 249 Earnings before taxes 5,553 4,981 Income taxes -2,206 -2,010 Consolidated net income 3,347 2,971 Undiluted earnings per share (in EUR) 0.10 0.09 EBIT 5,229 4,732 EBITDA 6,123 5,616	I/2006	I/2004

Consolidated Statement of Changes in Shareholder's Equity

	Number of shares	Sub- scribed capital	Capital	Retained	Net reserve earnings profit	Total loss/
	TEUR	TEUR	TEUR	TEUR	TEUR	TEUR
Balance as at 01.01.2005	32,344,255	34,600	25,282	0	-1,892	57,990
Sale of treasury stock	263,720	264	132	0	0	396
Consolidated net income		0	0	0	2,971	2,971
Balance as at 31.03.2005	32,607,975	34,864	25,414	0	1,079	61,357
Balance as at 01.01.2006	32,178,332	34,606	23,569	9,902	2,646	70,723
Change in treasury stock	-136,996	-148	-473	0	0	-621
Consolidated net income		0	0	0	3,347	3,347
Balance as at 31.03.2006	32,041,336	34,458	23,096	9,902	5,993	73,449

Consolidated Cash Flow Statement

	I/2006	I/2005
	TEUR	TEUR
Earnings before interest and taxes	5,229	4,732
Interest paid	-4	-21
Interest received	329	270
(Tax payments) Tax reimbursements	-548	-621
Depreciation and amortization of fixed and intangible assets	894	884
Increase (Decrease) in inventories	794	-131
Increase (Decrease) in receivables and other assets	-2,427	-2,288
Increase (Decrease) in trade accounts payable and
other liabilities and provisions	-7,725	-7,618
Increase (Decrease) in advances from customers	3,302	1,065
Cash flow from (used) in operating activities	-156	-3,728
Investments in tangible fixed assets and software	-429	-1,037
Cash flow from (used) in investing activities	-429	-1,037
(Purchase) Sale of treasury stock	-621	396
Increase (Decrease) in investment liabilities	-55	415
Cash flow from (used) in financing activities	-676	811
Change in cash and cash equivalents	-1,261	-3,954
Cash and cash equivalents at end of period	28,804	15,698
Cash and cash equivalents at beginning of period	30,065	19,652
Change in cash and cash equivalents	-1,261	-3,954

Notes to the Consolidated Financial Statements

Interim Consolidated Financial Statements as at 31 March 2006

The scope of these interim consolidated financial statements has not changed from that of the consolidated financial statements for fiscal year 2005.

These interim consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IFRS). The same accounting and valuation methods were used as for the consolidated financial statements as at 31 December 2005.

An additional 136,996 shares of treasury stock were acquired as part of a stock buyback program in first quarter 2006. The average purchase price was EUR 4.54. Drillisch AG held a total of 458,664 shares of treasury stock as at 31 March 2006.

The contingent liabilities reported in the consolidated financial statements as at 31 December 2005 increased 1.370 thousand euros to 12.547 thousand euros as at 31 March 2006.

Sales and operating earnings by segment were as follows:

Revenues
	I/2006	I/2006	I/2005	I/2005
	Sales	Net earnings/loss	Sales	Net earnings/loss
Telecommunications	67.1 Mio. EUR	5,340 TEUR	78.6 Mio. EUR	5,048 TEUR
Software Services	. Mio. EUR	-111 TEUR	. Mio. EUR	-316 TEUR

SERVICE CORNER

Financial and Events Calender · Publications · Your Contacts · Information and Ordering Service

Financial and Events Calendar

2006 Semiannual Report Tuesday, 15 August 2006 DVFA Analyst Event November 2006

9-Month Report 2006 Wednesday, 8 November 2006

Publications

This 1st Quarter 2006 Report is also available in German.

You can read and download our annual reports, quarterly reports, ad hoc announcements, press releases and other publications and disclosures about Drillisch AG at www.drillisch.de.

Your Contacts

Our Press & Investor Relations department will be happy to assist you should you have any questions or comments about Drillisch AG or any of its publications.

Paschalis Choulidis, Drillisch AG Executive Board Spokesman

Oliver Keil, Investor Relations Stefan Otto, Investor Relations

Drillisch AG Wilhelm-Röntgen-Straße 1-5 63477 Maintal, Germany Tel.: + 49 (0) 61 81 / 412 200 Fax: + 49 (0) 61 81 / 412 184

Iris Hauk, Corporate Communications

Drillisch AG Dießemer Bruch 100 47805 Krefeld, Germany Tel.: + 49 (0) 2151 / 5495 216 Fax: + 49 (0) 2151 / 5495 222

E-Mail: presse@drillisch.de www.drillisch.de

Information and Ordering Service

Please use our online ordering service under the Investor Relations tab on our website www.drillisch.de. We will also gladly forward you the desired information by fax or letter mail. We are also available by phone for any personal inquiries you may have.

SERVICE CORNER

Imprint

Imprint

Corporate Headquarters: Wilhelm-Röntgen-Straße 1-5 · 63477 Maintal Telephone: + 49 (0) 61 81 / 412 3 Telefax: + 49 (0) 61 81 / 412 183

Responsibility: Drillisch AG

Executive Board: Paschalis Choulidis (Spokesman) Vlasios Choulidis

Supervisory Board: Dr. Hartmut Schenk (Chairman) Johann Weindl (Deputy Chairman) Nico Forster Dr. Host Lennertz Michael Müller-Berg Dr. Bernd H. Schmidt

Investor Relations Contact: Telephone: + 49 (0) 61 81 / 412 200 Telefax: + 49 (0) 61 81 / 412 184 E-Mail: presse@drillisch.de

Commercial Register: HRB 7384 Hanau Value-Added Tax ID: DE 812458592 Income Tax ID: 03522506037, Revenue Office Offenbach-Stadt

Disclaimer:

Although we have carefully examined the information contained in this publication, we cannot warrant that all information is portrayed completely, accurately or in its most current version at all times.

Forward-Looking Statements:

This report contains certain forward-looking statements that are based on current assumptions and expectations of Drillisch Group's corporate management. A variety of known and unknown risks, uncertainties and other factors could lead to the actual results, the financial situation, the growth or the performance of the company differing materially from the projections made here. These factors also include those we described in reports to the Frankfurt Stock Exchange and to the U.S. Securities and Exchange Commission (including Form 20-F). The company undertakes no obligation to update such forward-looking statements or to revise them in line with future events or developments.

Drillisch AG Maintal www.drillisch.de Tel.: + 49 (0) 6181/412-3 Fax: + 49 (0) 6181/412-183

100% subsidiaries

Additional equity interests in other smaller companies.