GK Software SE — Capital/Financing Update 2008

Jun 10, 2008

News Details

Ad-hoc | 10 June 2008 14:01

GK SOFTWARE AG: IPO with new issuing concept

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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Schöneck, June 10, 2008 – Today, GK SOFTWARE AG, together with the lead
manager and sole bookrunner ICF Kursmakler AG Wertpapierhandelsbank, has
decided to change the issuing concept for its proposed IPO. It is expected
that the shares offered by the company will only consist of shares from a
capital increase. Since the amended issuing concept requires a supplement
to the securities prospectus subject to approval by the Bundesanstalt für
Finanzdienstleistungsaufsicht, the commencement of trading in the shares of
GK SOFTWARE, which was initially scheduled for June 11, 2008, will be
postponed. The company will publish details of the amended issuing concept
and the time schedule in good time.

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 to EUR 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
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. A potential renewed offer in Germany will be made exclusively on
the basis of the securities prospectus which has been published and filed
with the Bundesanstalt für Finanzdienstleistungsaufsicht in connection with
a prospectus supplement yet to be approved by the Bundesanstalt and
published. Copies of the securities prospectus as well as the prospectus
supplement then published will be available at the appropriate time free of
charge at the offices of GK SOFTWARE AG, Schöneck, and ICF Kursmakler AG
Wertpapierhandelsbank, Frankfurt.
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 a potential 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 'Securities Act')) unless they are
registered under the Securities Act or exempt from registration. It is not
intended to register a prospective offer in the United States or to make a
public offer of securities in the United States.
10.06.2008 Financial News transmitted by DGAP

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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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