euro adhoc: Wire Card AG / Mergers - Acquisitions - Takeovers / ad hoc release in accordance with §15 of the German Security Trading Act Wire Card AG plans to acquire XCOM Bank AG and capital increase (E)

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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08.09.2005

Berlin/Munich, September 8, 2005 - Wire Card AG, which is listed in the Prime
Standard at Frankfurt Stock Exchange, announces the acquisition of XCOM Bank AG,
that is based in Willich, Germany, in accordance with the resolution passed by
the Management Board and the Supervisory Board on 8. September 2005.

Subject to the approval of the German financial services supervisory authorities
(BaFin) and the German banks' auditing association (Prüfungsverband deutscher
Banken e.V.), Wire Card AG will be acquiring all the shares in XCOM Bank AG with
effect from 1. January 2006 via Wire Card Beteiligungs GmbH, in which it will be
holding a 100% interest in future. The purchase price amounts to EUR 13 million;
the vendor and its parent company XCOM AG guarantee that XCOM Bank AG will be in
possession of at least EUR 7 million in cash on 31. December 2005 that are
defined in more detail in the sale and purchase agreement. Wire Card AG
estimates that the overall investment costs (including the operating integration
and running-in costs) amount to about EUR 18 million. Wire Card AG intends to
complete the value chain in the payment services field by acquiring XCOM Bank
AG.

In order to finance this acquisition including the transaction costs and the
necessary operating integration and running-in costs Wire Card intends to carry
out a share capital increase. The company will announce further details in the
next days.

Further inquiry note:
Iris Stöckl
Tel.: +49 (0)89-4424-2034
E-Mail: [email protected]

new adress:
Wire Card AG
Voigtstr. 31
D-10247 Berlin

end of announcement euro adhoc 08.09.2005 10:43:52
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emitter: Wire Card AG
An den Treptowers 1
D-12435 Berlin
phone: +49 (0)30 726102 0
FAX: +49 (0)30 726102 299
mail: [email protected]
WWW: www.wirecard.com
ISIN: DE0007472060
indexes:
stockmarkets:
sector: Telecommunications Services
language: English

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