Ad-hoc | 21 January 2003 07:51

Init AG english

init decides further repurchase of own shares Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– init decides further repurchase of own shares The managing board of init innovation in traffic systems AG has decided in accordance with the resolution of the general meeting of 15, May 2002, topic 7 of the agenda to purchase up to 20.000 own shares (according to § 71, Abs. 1, Nr. 8 AktG.). The repurchase of 40.000 shares decided on 12, September 2002 was finished on 17, January 2003. In spring 2003, the managing board intends to offer these shares in accordance with § 19a EstG as an investment in the company for the employees. For further information please contact Mr. Bernd Gorenflo, phone +49 / 721 / 6100358 or mail ir@initag.de. end of ad-hoc-announcement (c)DGAP 21.01.2003 ——————————————————————————– WKN: 575980; ISIN: DE0005759807; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart 210751 Jän 03