QSC AG

M&A Activity • Jan 30, 2007

News Details

Ad-hoc | 30 January 2007 19:24

QSC aims at merging Broadnet into QSC

QSC AG / Merger

Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company
of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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QSC aims at merging Broadnet into QSC

Cologne, January 30, 2007. Today, the Management Board and the Supervisory
Board of QSC AG have decided to initiate the formal procedure for a
statutory merger of Broadnet AG (ISIN DE0005490866) into QSC AG (ISIN
DE0005137004).

Currently, QSC AG holds about 92 percent of Broadnet’s share capital. As
was already announced in the corporate news on November 13, 2006, the
intended merger will allow the legal and organizational integration of
Broadnet into the QSC group.

As part of the intended merger, Broadnet shareholders will receive new QSC
shares in exchange for their Broadnet shares. QSC plans to initiate
discussions with Broadnet at short notice to commence all necessary further
measures. Particularly, the exchange ratio of the shares should be
determined by an independent auditor.

Queries to:

QSC AG
Arne Thull
Investor Relations
Fon: +49(0)221-6698-724
Fax: +49(0)221-6698-009
E-mail: invest@qsc.de

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Information and Explaination of the Issuer to this News:

This ad hoc announcement contains forward-looking statements pursuant to
the US 'Private Securities Litigation Act' of 1995. These forward-looking
statements are based on current expectations and forecasts of future events
by the management of QSC AG. Due to risks or mistaken assumptions, actual
results may deviate substantially from those made in such forward-looking
statements. The assumptions that may involve material deviations due to
unforeseeable developments include, but are not limited to, the demand for
our products and services, the competitive situation, the development,
dissemination and technical performance of DSL technology and its prices,
the development and dissemination of alternative broadband technologies and
their respective prices, changes in respect of telecommunications
regulation, legislation and adjudication, prices and timely availability of
essential third-party services and products, the timely development of
additional marketable value-added services, the ability to maintain and
enlarge upon marketing and distribution agreements and to conclude new
marketing and distribution agreements, the ability to obtain additional
financing in the event that management’s planning targets are not attained,
the punctual and full payment of outstanding debts by sales partners and
resellers of QSC AG, and the availability of sufficient skilled
personnel.

DGAP 30.01.2007

Language: English
Issuer: QSC AG
Mathias-Brüggen-Straße 55
50829 Köln Deutschland
Phone: +49 (0)221 66 98-112
Fax: +49 (0)221 66 98-009
E-mail: invest@qsc.de
WWW: www.qsc.de
ISIN: DE0005137004
WKN: 513700
Indices: TecDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hannover, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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