Ad-hoc | 15 December 2004 16:30

PSI Takes Over 100% of Steel Software Subsidiary PSI-BT

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– PSI Takes Over 100% of Steel Software Subsidiary PSI-BT Further Divestiture of Group Structures Effective 31 December 2004, PSI AG will take over 100% of the PSI-BT AG subsidiary. To date PSI held 58% of PSI-BT while the Stahlinstitut VDEh held 42 % through the Betriebsforschungsinstitut (BFI). PSI-BT develops software products and solutions for production management in the steel and process industry. In 2003 the institute had sales of 18 million euros and an EBIT of one million euros with 145 employees. The simplification of the group structures will provide PSI with additional synergies. The steel institute VDEh and PSI will continue to work together in a close partnership. As part of the transaction the measurement technology business (six employees), which markets the measuring roller for flatness measurements that was jointly developed with the Betriebsforschungsinstitut, will return to the Stahlinstitut VDEh. In the first quarter of 2005 PSI-BT will be converted into a GmbH (German limited liability company) for reasons of simplification. PSI-BT is the German market leader for production management software in the steel industry and has a branch office in Shanghai, China. PSI-BT’s good liquidity will contribute to an improved interest income of the PSI Group after the divestiture. Your contact person: PSI AG Karsten Pierschke Communications and Investor Relations Dircksenstraße 42-44 D-10178 Berlin Tel. +49 30 2801-2727 Fax +49 30 2801-1000 eMail: KPierschke@psi.de end of ad-hoc-announcement (c)DGAP 15.12.2004 ——————————————————————————– WKN: 696822; ISIN: DE0006968225; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 151630 Dez 04