04/26/2013

Munich, April 26, 2013 – The Management Board of Allgeier SE (ISIN DE0005086300, WKN 508630) has lent specific form to the reorientation of the Allgeier Group in its Agenda 2015, which sets targets for the years 2013 to 2015. This reorientation was launched intensively in 2012.

Agenda 2015 reflects two guiding ideas:

1. The creation of a Group structure which is viable for the future, and which comprises divisions as major corporate units

2. A clear focus of the business model on high-growth areas offering above-average development potential In applying these ideas, the Allgeier Group will be split into the following operating segments and divisions in the future:

Experts Segment and at the same time the Allgeier Experts Division:
The core business is the provision of modern flexible personnel services as a response to the growing shortages of IT specialists on the market. Acting as a connection between customers with their flexible requirements and employees and freelance IT experts with their specific know-how, Allgeier Experts utilizes existing contract models to offer an important function and to create value in a modern economy. Generating significantly more than EUR 200 million of revenue, Allgeier Experts ranks as one of the market-leaders in Germany. Growth expectations are positive for this segment, lying in the low double-digit percentage range per annum, and accompanied by realistic profit margins of around 7 percent.

Solutions/Business Software Segment:
This segment is split into the Allgeier Business Software and terna divisions. The Business Software Division is a provider of proprietary solutions in the ERP and DMS area, as well as Security Software. The product range in the ERP area also comprises the partnership with Microsoft with its own software solutions for MS Dynamics NAV customers. The terna Division is a Microsoft partner in the MS Dynamics AX area fielding its own software solutions and highly-specialized know-how for corporate processes. Generating approximately EUR 100 million of revenue, the Management Board believes that this segment offers the potential to achieve a double-digit percentage annual growth rate and a double-digit profit margin given corresponding investments.

Software Development Segment:
This segment is split into the Nagarro and mgm technology partners divisions. The Nagarro Division develops individual international software solutions to support and optimize its customers’ corporate processes. Under the motto of ‘The Brightest Minds’, this division combines the performance capability of international top-qualified personnel resources and outstanding process and project know-how with the highest quality levels in competitive price models. The mgm technology partners Division is a specialist for portal solutions, especially for internet commerce, banks, insurance companies and public-sector institutions with highly specialized know-how for the respective corporate processes and highly-complex technical requirements. Currently generating almost EUR 100 million of revenue, the Management Board believes that this segment possesses considerable growth potential, which can make a positive contribution to Group growth with both significantly double-digit percentage revenue growth rates and marked double-digit profit margins.

The Management Board expects that this approach will generate significantly double-digit percentage growth rates in terms of revenue and marked margin and earnings improvements for the entire Group, which should feed through to a total operating margin before holding company costs that moves markedly towards the double-digit percentage range.

With the aforementioned measures to focus the Group, the Management Board is responding not only to current market trends entailing considerable differences in the potential offered by the various IT business areas, but also to the Group’s internal further development to the next level of meaningful integration. The aim is to create a high-performance IT company with modern structures and an agile service portfolio which undergoes constant testing that allows it to be further developed and adjusted. In this context, the business model also continues to include value-creating acquisitions to develop the divisions on a targeted basis, and to accelerate their growth.