GK Software SE — Capital/Financing Update 2008

Jun 18, 2008

News Details

Ad-hoc | 18 June 2008 22:25

Issue price for shares of GK SOFTWARE AG is EUR 21.00

GK Software AG / IPO

Release of an 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.

---

• Gross proceeds (excluding greenshoe) from the issue for the company
  totalling EUR 8.7 million will be used for further growth
• All 475,000 offered shares (including over-allotment option) successfully
  placed

Schöneck, June 18, 2008 – Today, GK SOFTWARE AG together with ICF
Kursmakler AG Wertpapierhandelsbank, the bank supporting the issue, set the
issue price for the shares offered as part of its IPO at EUR 21.00. Through
the successful capital increase total gross proceeds from the issue
(excluding greenshoe) of EUR 8.7 million will accrue to the Company which
it will primarily invest (less costs of the issue) in its further
international expansion.

All of the 475,000 shares of GK SOFTWARE AG were thus placed as part of the
transaction. Of this aggregate amount, 415,000 shares stem from a capital
increase resolved by the Company’s General Shareholders’ Meeting on May 15,
2008. In addition, 60,000 shares from a capital increase still to be
resolved were placed as part of the over-allotment option granted to ICF
Kursmakler AG.

If the greenshoe option is fully exercised, the free float will total
around 27.5% of GK SOFTWARE AG's share capital (around 24.9% without the
greenshoe option being exercised). The shares are scheduled to be traded on
Frankfurt Stock Exchange's Regulated Market (Prime Standard) for the first
time on June 19, 2008.

Additional information:

International Securities Identification Number (ISIN): DE0007571424
German Securities Identification Number (WKN): 757142
Ticker symbol: GKS
Application filed: Regulated market / Prime Standard of the Frankfurt Stock
Exchange

GK SOFTWARE AG
Waldstraße 7
08261 Schöneck
Germany

(End of ad hoc disclosure)

Disclaimer

This publication does not constitute an offer to sell or a solicitation of
an offer to buy or subscribe for any securities. No public offer of
securities of GK SOFTWARE AG, Schöneck, is being, or will be, made outside
Germany. Any offer in Germany is being made exclusively on the basis of the
published securities prospectus filed with the German Financial Services
Supervisory Authority (BaFin). Any decision to invest in the securities of
GK SOFTWARE AG, Schöneck offered should solely be based on the securities
prospectus. Copies of the securities prospectus including the published
Supplements are available free of charge at the offices of GK SOFTWARE AG,
Schöneck, and ICF Kursmakler AG Wertpapierhandelsbank, Frankfurt am Main.
This publication and the information contained therein is not for
distribution or publication, neither directly nor indirectly, in or into
the United States of America, Canada, Australia or Japan.
This publication does not constitute an offer for sale of any securities
into the United States. Securities, including any shares of GK SOFTWARE AG,
Schöneck, in the course of the offer, may not be offered or sold in the
United States or to, or for the account or benefit of, US persons (as such
term is defined in the Regulation S under the US Securities Act of 1933 as
amended (the 'Securities Act')) unless they are registered under the
Securities Act or exempt from registration. There will be no registration
or public offer of any securities of GK SOFTWARE AG, Schöneck, in the
United States.

---

Information and Explaination of the Issuer to this News:

Company Profile

GK SOFTWARE AG is a European technology leader in the development and
provision of standard software solutions for the retail industry. It
supplies an end-to-end range of products for retail stores and company
headquarters. The open and platform-independent software solutions of the
GK/Retail Suite, which are fully programmed in JAVA, have allowed the
company to establish itself on the market as a technology and innovation
leader. The software allows retail chains to optimize their company's
organization and to create significant potential for cost savings as well
as to realize customer loyalty potential in order to increase
competitiveness. The key features of the solutions are: international
applicability, consistent use of open standards and SOA (Service Oriented
Architecture) capability. As GK/Retail is genuine standard software,
parameters can be used to make the necessary adjustments to meet most
customer requirements. This reduces the programming effort and allows rapid
project completion. At the same time, solutions for customers remain
releasable and new functions can be introduced by a release change. A key
component of the modular software is also the StoreWeaver integration
platform, which connects all the subsystems in a retail store and also
provides a powerful interface for enterprise systems such as ERP or CRM
solutions.

The company currently employs 166 employees (as of April 30, 2008) at its
headquarters in Schöneck and at three other business locations: Berlin,
Pilsen in the Czech Republic and Basel/Riehen in Switzerland. GK SOFTWARE
AG can list well-known German retail stores among its customers which
include, for example, Galeria Kaufhof, Parfümerie Douglas, EDEKA
Hannover-Minden, Lidl, Netto Markendiscount and Tchibo, as well as its
first international customer Coop, headquartered in Switzerland. The
company’s software solutions are being used in approximately 12,000 retail
stores in over 50,000 installations in currently 22 countries worldwide.
The company has grown quickly over the past few years and its revenues
reached EUR 10.7 million in 2007. The company’s EBIT amounted to EUR 2.3
million (EBIT margin of 21.7%). Since 1990, the two founders and Executive
Board members, Rainer Gläß (CEO) and Stephan Kronmüller (CTO), together
with the Executive Board members Ronald Scholz (COO) and André Hergert
(CFO) have grown GK SOFTWARE to become a fast-growing, profitable company.

For further information visit the company’s website www.gk-software.de.

Investor Relations

cometis AG
Ulrich Wiehle
Tel.: +49 (0)611-205855-11
Fax: +49 (0)611-205855-66
E-mail: wiehle@cometis.de

18.06.2008 Financial News transmitted by DGAP

Language: English
Issuer: GK Software AG
Waldstr. 7
08261 Schöneck
Deutschland
Phone: 037464 - 840
Fax: 037464 - 8415
E-mail: investor-relations@gk-software.com
Internet: www.gk-software.com
ISIN: DE0007571424
WKN: 757142
Listed: Regulierter Markt in Frankfurt (Prime Standard)

Notierung vorgesehen / designated to be listed

End of News DGAP News-Service

---