Ad-hoc | 23 December 2003 18:35

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 May 15, 2003, topic 7 of the agenda to purchase up to 60,000 own shares (according to § 71, Abs. 1, Nr. 8 AktG). The repurchase of 80,000 shares decided in February 2003 was finished on December 23,2003. For further details please contact Mr. Bernhard Schmidt phone +49 / 721 / 6100398 or Mail ir@initag.de . end of ad-hoc-announcement (c)DGAP 23.12.2003 ——————————————————————————– WKN: 575980; ISIN: DE0005759807; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 231835 Dez 03