euro adhoc: S&T System Integration&Technology Distribution AG / Strategic management decisions / S&T: IMG Americas Management Buy Out (E)

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S&T concentrates on Central and Eastern Europe as well as Asia

September 12, 2007. Through a Management Buy Out the local management of the American subsidiary of the IMG Group is taking over the US subsidiary IMG Americas effective immediately. S&T, which had taken over the consulting company IMG including its American subsidiary in Spring 2007, will continue to concentrate on Central and Eastern Europe as well as on Japan and China.

The S&T Group is separating from the US subsidiary of the IMG Group and selling the subsidiary to the local management under the direction of Klaus Schottenhamel, president and CEO of IMG Americas. IMG Americas´ offices in Waltham (MA), New York City (NY), Mendenhall (PA), Westchester (IL), and Mountain View (CA) are staffed with less than 50 employees and will continue to manage US customers of IMG and S&T within the scope of a cooperative contract. Furthermore, the companies will work as strategic partners on existing and future customer projects both in the US and globally. The Management Buy Out will not have a material impact on the results of the S&T Group.

About S&T - - XETRA Vienna
With about 3,000 employees and 461.3 million Euros revenue in 2006, S&T is the leading provider of IT consulting, IT solutions, and IT services for customers in Central and Eastern Europe and in the Germany-Austria-Switzerland region as well as in Asia. The consortium has together with the in spring 2007 acquired IMG a successful presence of over 80 subsidiaries in 22 countries. The core business of S&T is IT consulting, development and implementation, as well as the creation of custom IT solutions, processes and systems. S&T supports large and mid-sized companies along the entire IT value-added chain. In particular, S&T addresses the needs of the manufacturing and trade industries, telecommunications, the public sector, as well as financial service, energy service providers, car trade companies and aerospace & defense industry. S&T corporate headquarters is in Vienna and has been listed on the Vienna Stock Exchange since 2003.

Issuer: S&T System Integration & Technology Distribution AG Geiselbergstrasse 17-19
Austria-1110 Vienna
Telephone: +43 1 367 80 88 0
Fax: +43 1 367 80 88 1099
Exchange: Vienna stock exchange
ISIN: AT0000905351
Indices: ATX Prime, ViDX, WBI

Further inquiry note:
Armin Baltzer
Head of Investor Relations
Geiselbergstr. 17-19/3
1110 Vienna, Austria
Tel.: +43(1)3678088 1020
Mobile: +43(664)60191 1020
Fax: +43(1)3678088 1099

end of announcement euro adhoc

emitter: S&T System Integration&Technology Distribution AG Geiselbergstraße 17-19
A-1110 Wien
phone: 01-367 80 88
FAX: 01-367 80 88-1099
sector: Computing & Information Technology
ISIN: AT0000905351
indexes: WBI, ATX Prime
stockmarkets: official market: Wiener Börse AG
language: English