Ad-hoc | 3 May 2005 21:15

Travel24.com AG issues convertible bond

Ad hoc announcement §15 WpHG Corporate Action Travel24.com AG issues convertible bond Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Munich, May 3, 2005 – Travel24.com AG has decided to issue a convertible bond with a total nominal value of up to 1.2m Euro which is offered to its shareholders in the context of a rights offer at a ratio of 12.5 : 1. The convertible is a zero-coupon bond with a three-year maturity. The conversion price is 1 Euro per share. This exchange ratio remains unaffected by a potential reduction in capital at a later date. In addition to the statutory subscription right, shareholders are entitled to oversubscription, i. e. shareholders may subscribe for partial debenture beyond their subscription right. The convertible is intended to be admitted to unofficial regulated market on a German stock exchange; subscription rights are not designed to be traded. Further details will be issued shortly with the publication of the rights offer. VEM Aktienbank AG, Munich, is conducting the transaction. Travel24.com AG Motorstrasse 56 80809 München Deutschland ISIN: DE0007487506 WKN: 748750 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, München und Stuttgart End of ad hoc announcement (c)DGAP 03.05.2005 032115 Mai 05