Corporate | 26 January 2005 13:59

OHB Technology AG: Concessionaire for Galileo about to be selected

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. —————————————————————————— Concessionaire for Galileo about to be selected OHB Technology AG well positioned with strong iNavSat consortium Bremen, January 26, 2005. The iNavSat concession team in which OHB Technology AG acts as core partner announced that the updated proposal for the Galileo Concession was submitted to the GJU yesterday. The evaluation will lead to a long awaited preferred bidder selection in February through the Galileo Joint Undertaking (GJU) followed by an immediate start of the concession contract negotiation. After the approval by the transport council on December 10th 2004 to move to the deployment and operating phase of the Galileo programme, the preferred bidder selection will be the last key milestone to set the tracks for its realisation. Within the past months OHB Technology AG has strongly supported the iNavSat team as it is the firm believe of the OHB management that this consortium has the most adapted approach to this first European Private Public Partnership. Marco Fuchs, CEO of OHB Technology said: “it is a pleasure for us to be part of this pan-European team, where the OHB companies will play a major role in the different fields”. Within the overall team, OHB Technology will co-ordinate the telematics activities. Ulrich Schulz, Director of OHB Teledata stated; “As one of the largest telematics service providers, we see the number of applications growing that need the precise positioning information Galileo will offer. The iNavSat consortium was founded by EADS Space, Inmarsat Ventures and the Thales Group. They were joined by three additional core members and future equity partners OHB Technology, SES Global and Vitrociset. To date over 40 international partners are now supporting the iNavSat consortium, which was founded to become the Galileo Concessionaire. For further information please contact: Michael Vér Investor Relations OHB Technology AG Karl-Ferdinand-Braun-Str. 8 28359 Bremen Tel.: +49 421 2020-8 Fax: +49 421 2020-613 E-Mail: ir@ohb-technology.de Internet: http://www.ohb-technology.de end of message, (c)DGAP 26.01.2005 —————————————————————————— WKN: 593612; ISIN: DE0005936124; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 261359 Jän 05