Plenum AG

Board/Management Information • May 30, 2005

News Details

Ad-hoc | 30 May 2005 08:45

plenum AG: Withdrawal from implementation business leads to personnel cutback

Ad hoc announcement §15 WpHG Personnel plenum AG: Withdrawal from implementation business leads to personnel cutback Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— plenum AG: Withdrawal from implementation business leads to personnel cutback Wiesbaden, May 30, 2005 At the end of 2004, plenum AG had already made the decision to refocus its range of services on consulting-intensive themes in the future and to withdraw from the implementation business. Accordingly, the Company now modifies its personnel structure in the short term, which will relieve personnel costs. Therefore, notices of dismissal have been served today at the Wiesbaden location for operational reasons. The reduction affects 10% of the positions in the company, as a result, the number of employees will drop to 210 by the end of the year. A compensation agreement and a social compensation plan have been arranged with the works council. Due to this measure, plenum AG expects savings of approximately Euro 1.4 million that will be fully effective in the next financial year. plenum AG Hagenauer Str. 53 65203 Wiesbaden Deutschland ISIN: DE0006901002 WKN: 690100 Listed: Geregelter Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Hannover und München End of ad hoc announcement (c)DGAP 30.05.2005 Issuer’s information/explanatory remarks concerning this ad hoc announcement: Additional information: Hubert Sand Head of Corporate Communication plenum AG Tel.: + 49 (0) 611 – 98 82 – 0 Fax: + 49 (0) 611 – 98 82 – 1 50 email: aktie@plenum.de Information and Explanations for this ad hoc Report by the Issuers This report contains future-orientated statements that are based on current expectations, estimates, predictions, and forecasts as well as on the assessments and assumptions of the management of plenum AG. Such statements include statements about plans, strategies, and outlooks. Words such as “expect”, “most likely”, “preliminary” and similar expressions identify such future-orientated statements. These statements are not guarantees of future results and contain risks, uncertainties, and assumptions that are in part very difficult to foresee. Therefore, the actual consequences and results could deviate considerably from what has been stated in the future-orientated statements. End of message (c)DGAP 300845 Mai 05