• Acceptance below minimum threshold of 75 percent at end of acceptance period
• No agreement with major Easy Software shareholders
   

Munich, August 27, 2012 – Allgeier SE (‘Allgeier’) does not pursue its voluntary public takeover offer to Easy Software AG (‘Easy Software’) shareholders, as the prerequisite quorum of 75 percent was not achieved at the end of the acceptance period. Allgeier had tied the offer to this strategic hurdle right from the beginning. The voluntary public takeover offer expired according to the offer document with the end of the acceptance period on Tuesday, August 21, 2012 at 24:00 hours (Frankfurt am Main, Germany, local time).

While this strategically sound and value-adding step of combining both companies could not be completed this way, Allgeier remains available as a potential partner for Easy Software in the future and is open for alternative solutions.

Dr. Marcus Goedsche, Management Board member of Allgeier, said: ‘Although this result is unfortunate, we had to take this outcome into account right from the start. We are still convinced a combination of both companies’ business activities is reasonable. Regardless, we will continue on our growth path and utilize other ways to expand our range of services.’

Until last, Allgeier management negotiated with the major shareholders of Easy Software and considered all possible options. An agreement could not be reached due to significantly different views of some Easy Software shareholders.

Munich-based Allgeier is one of the leading consulting and service companies for IT solutions and services in the German-speaking region. In 2011, Allgeier generated revenues of about 380 million Euros. Easy Software, based in Mülheim an der Ruhr, Germany, is one of the leading developers and providers of cross-platform solutions in the areas of electronic archiving, document management, and Enterprise Content Management (ECM). Easy Software achieved revenues of 27 million Euros in 2011.

Contact:
Allgeier SE
Dr. Christopher Grosse
Wehrlestrasse 12
81679 Munich
Tel.: +49 (0)89/998421-41
Fax: +49 (0)89/998421-11
E-mail: ir@allgeier.com
Web: www.allgeier.com

Munich-based Allgeier SE is one of the leading consulting and service companies in the German-speaking region. With more than 2,600 employees and around 1,500 freelance IT experts, Allgeier offers its customers a complete service approach spanning design, implementation, and through to the operation of IT landscapes. Fifteen corporate units, each with its own specialist and sector-related focus, work together for more than 2,000 customers from almost all sectors. Allgeier combines the expertise and customer-proximity of medium-sized company units with an international, listed company’s strength and performance. This high-growth company currently operates at more than 80 sites in the German-speaking region, and at further locations in the rest of Europe, as well as in India, Mexico and the USA. Allgeier generated EUR 379 million of revenue in 2011. The company is listed on the regular market of the Frankfurt Stock Exchange in the General Standard segment (WKN 508630 / ISIN DE0005086300). Further information is available on the company’s website at: www.allgeier.com.