BETA Systems Software AG: Paragraph 15 WpHG-Mitteilung

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BETA Systems Software AG announces Preliminary Second Quarter and Six Month Results

Second Quarter Revenues up DM 4.3 million (+32.4%) Pre Tax Profit up DM 1.6 million Record Net Income up DM 0.8 million

BETA Systems Software AG announced preliminary results of operations for the second quarter and six months ending June 30, 1998.

For the second quarter ended June 30, 1998 revenues were DM 17.7 million, up DM 4.3 million (+32.4%) from revenues of DM 13.4 million in the comparable quarter of the prior year. Pre tax income was DM 0.5 million, an increase of DM 1.6 million as compared to a loss before taxes of DM (1.1) million in the prior year period. Net income was DM 0.2 million, or DM +0.13 per share as compared to a net loss of DM (0.6) million, or DM (+0.56) per share in the 1997 period.

For the six months ended June 30, 1998, revenues were DM 30.9 million, up DM 6.5 million (26.8%) from revenues of DM 24.4 million in the comparable period of the prior year. The Company's loss before income taxes was DM (2.8) million, a decrease of DM 0.3 million as compared to DM (3.1) million in the 1997 period. BETA's net loss for the first half year was DM (1.4) million, or DM (0.78) per share, as compared to DM (1.4) million, or DM (1.33) per share in the 1997 period.

Revenue growth in the 1998 second quarter was due primarily to a 92% increase in new licenses and an 81% increase in CPU upgrades reflecting strong new license growth in the Company's US operations and a significant increase in its customers' computing capacity worldwide. The growth in the Company's income before taxes resulted primarily from improved revenue growth, higher gross margins on license revenues and reduced selling expenses as a percentage of total revenues.

In discussing the results, Christiane Hotz-Firlus , chief financial officer commented: "We are pleased with our second quarter numbers which significantly exceeded those of our 1997 second quarter and our internal expectations. Our first half results give us confidence of achieving our financial targets for the 1998 fiscal year."

BETA Systems Software plans to release its full results for the 1998 second quarter on August 26, 1998.

BETA Systems Software AG, headquartered in Berlin, Germany, develops, sells and markets enterprise software used to automate data centers of large organizations operating IBM and IBM compatible mainframe computers and related client/server environments. BETA Systems is a leading provider of enterprise automation software in Germany and a significant supplier of such software in Europe and North America. The Company's products are designed to enhance the productivity and cost efficiency of enterprise operations through the automation of key functions such as production scheduling, job management, document generation and distribution, output balancing, security access and administration and storage management and optimization. BETA Systems' customers consist of large organizations in financial services, telecommunications, industry and government.

Berlin, 11.08.98

Your contact:

Christiane Hotz-Firlus (Dipl. Wirt.-Ing.) Member and Speaker of the Management Board BETA Systems Software AG Alt Moabit 97a, D-10559 Berlin Telefon: 030/399 26-0, Fax: 030/399 26-290

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