S&T System Integration & Technology Distribution AG: Preparations underway for a new financial investor for S&T

Vienna (pta033/20.09.2010/20:00 UTC+2) For the necessary restructuring of S&T, "grosso holding Gesellschaft mbH", which is controlled by Dr. Erhard F. Grossnigg, intends to subscribe for up to 1,194,999 new shares at the issue price of EUR 7.5 per share during the course of a capital increase and consequently intends to acquire an interest of up to 24.99% in S&T. The capital increase will be performed by excluding the subscription rights of the company's remaining shareholders.

CEO Ing. Mag. Thomas Streimelweger (and the S&T shareholders acting in concert with him) will exercise their voting and control rights in S&T in concert with grosso holding Gesellschaft mbH / Dr. Erhard F. Grossnigg.

The agreement is subject to a number of conditions precedent, including merger control approval, an agreement with the creditor banks in the course of the restructuring, and an agreement between grosso holding Gesellschaft mbH and the receiver (Masseverwalter) of the AvW group regarding the acquisition by grosso Holding Gesellschaft mbH of the S&T shares held by AvW. grosso holding Gesellschaft mbH is assuming that it will be exempt from the obligation to make an offer pursuant to § 25 para. 1 no. 2 of the Takeover Act (restructuring privilege). It is incumbent upon the Austrian Takeover Commission to decide whether the restructuring exception applies. Subject to this decision, grosso Holding Gesellschaft mbH is currently of the opinion that it is currently under no obligation to make a mandatory offer to the shareholders of S&T System Integration & Technology Distribution AG. In the event that a mandatory offer is required under takeover law, the price for the mandatory offer to be offered by grosso holding Gesellschaft mbH will correspond to an amount not exceeding the issue price under the capital increase. The aforementioned conditions must (with the exception of merger control approval) be fulfilled by 25 October 2010.

For more information: Mag. Michael Dvorak - Head of Investor Relations
Tel: +43 1 367 80 88 1020 | Mobile: +43 664 60191 1020 | michael.dvorak@snt-world.com http://www.snt-world.com
Issuer: S&T System Integration & Technology Distribution AG Geiselbergstraße 17-19
A-1110 Vienna | Fax: 01-367 80 88-1099 | E-mail: snt@snt-world.com www.snt-world.com
Industry: Information Technology | ISIN: AT0000905351 | Index: WBI | Stock Exchange: Official Market Vienna | Language: English

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Emitter:	S&T System Integration & Technology Distribution AG Geiselbergstraße 17-19 1110 Wien Austria
Contact Person:	Mag. Michael Dvorak
Phone:	+43 1 367 80 88 1020
E-Mail:	michael.dvorak@snt-world.com
Website:	www.snt-world.com
ISIN(s):	AT0000905351 (Share)
Stock Exchange(s):	Vienna Stock Exchange