euro adhoc: ComBOTS AG / Buybacks / ComBOTS AG starts new Share Buyback Program (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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23.11.2005

The Executive Board of ComBOTS AG (former WEB.DE AG, ISIN: DE 000 529 650 3),
Karlsruhe, has decided to start a new share buy back program on the basis of the
authorization granted by the Annual General Meeting of July 6/7, 2005. The
program will commence on November 24, 2005. Shares will be bought back over the
stock exchange only. Pursuant to the authorization, ComBOTS AG may buy back up
to 3.8 million shares, representing just under 10 percent of the issued share
capital, until January 5, 2007. The Company already holds 2.17 mln. own shares
from earlier share buy back programs.

Executing the program, the purchase price paid per share (excluding transaction
costs) must not exceed the arithmetic mean of the XETRA closing prices on the
four exchange trading days preceding the respective acquisition of own shares by
more than 10 percent, or fall short of such mean by more than 20 percent.

The Executive Board is authorized to sell the shares which were bought back
under this share buy back program as well as the own shares already held over
the stock exchange or, subject to the principle of equal treatment, by means of
an offer for sale to all existing shareholders. The Executive Board is also
authorized, subject to approval of the Supervisory Board, to use all shares
bought back for the acquisition of companies or to grant them to employees or
members of the Executive Board of the company or its affiliated companies who
are entitled to receive such shares pursuant to share options granted under the
existing share option program. Pursuant to the authorisation, the bought back
shares may also be used for other purposes, provided the issue price does not
fall materially short of the then existing stock exchange price, or may be
cancelled.

The Executive Board sees this measure, as in case of the already completed share
buy back programme, as a contribution towards increasing the shareholder value
for all ComBOTS shareholders. The share buy back program will initially be
limited to a maximum purchase price of EUR 11.10. At this share price the
obligation of the company to buy back shares pursuant to the court settlement
dated October 12, 2005, with shareholder plaintiffs, becomes invalid.

The company will publish the transactions under the share buy back program
according to Regulation (EC) No. 2273/2003 on its Website www.combots.com.

Further informations on www.combots.com.

Further inquiry note:
Silvia Teschner
Junior Referentin IR
Tel.: +49 (0)721 5160 0
E-Mail: ste@combots.com

end of announcement euro adhoc 23.11.2005 09:20:06
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emitter: ComBOTS AG
Emmy-Noether-Straße 11
D-76131 Karlsruhe
phone: +49(0)721 5160 0
FAX: +49(0)721 5160 1999
mail: info@combots.com
WWW: http://www.combots.com
ISIN: DE0005296503
indexes:
stockmarkets:
sector: Online
language: English

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