GK Software SE — Capital/Financing Update 2008

Jun 12, 2008

News Details

Ad-hoc | 12 June 2008 11:54

GK SOFTWARE AG plans to go public in the Prime Standard on June 19, 2008

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.

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• Up to 415,000 new shares from capital increase to be offered
• Price range from EUR 21.00 to EUR 23.00
• Subscription period scheduled for June 13 - 18, 2008
• Gross proceeds of up to EUR 10.925 million expected

Schöneck, June 12, 2008 – GK SOFTWARE AG is now planning its initial
listing in Frankfurt Stock Exchange's highly regulated Prime Standard for
June 19, 2008. Up to 415,000 shares from a capital increase are to be
offered as part of the amended issuing concept. In addition, a further up
to 60,000 shares are available from a greenshoe option, which stem from a
capital increase still to be resolved. The subscription range for the
no-par value bearer shares has been set at EUR 21.00 to EUR 23.00 by the
company and ICF Kursmakler AG Wertpapierhandelsbank, which is accompanying
the issue. The new shares are scheduled to be offered to investors from
June 13 to June 18, 2008 as part of a public offer in Germany and a private
placement in other European countries. The start of the subscription
period depends on prior approval of a corresponding addendum to the
prospectus by the German Financial Services Supervisory Authority (BaFin).
If the capital increase including the greenshoe option is successfully
placed, gross proceeds from the issue of between EUR 9.975 million to EUR
10.975 million will accrue to the company. The company plans to invest
these proceeds (less issue costs) over the short term in its further
growth.

The successful placement of the capital increase will increase the
company's share capital from its current total of EUR 1,250,000 to up to
EUR 1,725,000 (if the greenshoe option is fully exercised). At the same
time, the company will have a free float of around 25% (or around 27.5% if
the greenshoe option is fully exercised).

Additional information:

ISIN: DE0007571424
German Securities Code (WKN): 757142
Stock Market Symbol: GKS
Application filed: Frankfurt Stock Exchange’s Regulated Market / Prime
Standard

GK SOFTWARE AG
Waldstraße 7
08261 Schöneck
Germany

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Information and Explaination of the Issuer to this News:

Company Profile

GK SOFTWARE AG is a technologically leading European solutions provider of
standardized software for the retail sector. It supplies an end-to-end
range of products for retail stores and company headquarters. The open and
platform-independent software solutions in 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 at its headquarters in Schöneck
and at three other business locations (as of April 30, 2008): 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 around 12,000 retail stores
with more than 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 toEUR 2.3
million (EBIT margin of 21.7%). Since 1990, the two founders and Managing
Board members, Rainer Gläß (CEO) and Stephan Kronmüller (CTO), together
with the Managing 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 contact:

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

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 renewed offer in Germany will be made exclusively on the basis
of the published securities offering prospectus filed with the German
Financial Services Supervisory Authority (BaFin) in connection with an
addendum still to be published and approved by BaFin. The securities
offering prospectus and the addendum to be published will be available free
of charge from GK Software AG, Schöneck and ICF Kursmakler AG
Wertpapierhandelsbank, Frankfurt am Main at a date still to be determined.

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 prospective renewed 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

12.06.2008 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

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