Ad-hoc | 24 February 2003 11:38

OHB Technology AG english

OHB Technology AG launching program to buy back up to 10% of its stock Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– OHB Technology AG launching program to buy back up to 10% of its stock Bremen, February 24, 2003 The Management Board of OHB Technology AG has decided to buy back 10% of the company’s own stock pursuant to the authorization granted by the shareholders. The buy-back program will expire on November 21, 2003 and is to be implemented via the stock market. In accordance with the resolution passed by the shareholders, the acquisition price per share will be based on the stock’s mean XETRA closing price for the five trading days preceding the date of acquisition. The purchase price must not differ from the mean by more than 10 percent in either direction. Given the company’s favorable business outlook and the current price of its stock, the Management Board considers a treasury-stock investment to be advantageous. Part of the treasury stock will be used for a staff compensation program, with the rest retained on OHB Technology’s balance sheet for use as an acquisition currency if necessary. end of ad-hoc-announcement (c)DGAP 24.02.2003 ——————————————————————————– WKN: 593612; ISIN: DE0005936124; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover und Stuttgart 241138 Feb 03