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euro adhoc: Jetter AG / Mergers - Acquisitions - Takeovers / Jetter agrees capital increase and co-operation with Lumberg (E)

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

Ludwigsburg, 17.12.2002 - Jetter AG (Neuer Markt: JTT) and Lumberg Automation Components GmbH & Co. KG, a leading supplier of fieldbus and wiring systems in automation, have signed a letter of intent on Monday, with the objective of establishing a joint distribution company and of Lumberg taking over a share in Jetter. Lumberg shall underwrite a capital increase, out of authorised capital, at a share price of EUR 4.50, leading to a share of 9.1%, which shall be further increased in the future.

The management board expects a significantly widened global market penetration through the joint distribution company, especially for JetWeb products, which are meanwhile proven in projects.

For further information, please contact:
Jetter AG, Martin Jetter, CEO
Tel.: +49 7141-2550-410 Fax.: +49 7141-2550-484
E-Mail: mjetter@jetter.de

Further inquiry note:
Günter Eckert
Tel: +49(0)7141 2550 0
FAX: +49(0)7141 2550 555
Email: info@jetter.de

end of announcement euro adhoc

Emittent: Jetter AG
Gräterstrasse 2
DE-71642 Ludwigsburg
Tel: +49(0)7141 2550 0
FAX: +49(0)7141 2550 555
Email: info@jetter.de
WWW: www.jetter.de
ISIN: DE0006264005
WKN: 626400
Indizes: CDAX Gesamtindex, CDAX Technology, Nemax All Share, Nemax Technology
Börsen: Neuer Markt Frankfurter Wertpapierbörse; free trade Baden-Württembergische Wertpapierbörse, Berliner Wertpapierbörse, Börse Düsseldorf, Hamburger Wertpapierbörse
Branche: Semiconductors & active components
Sprache: Englisch