euro adhoc: PANDATEL AG / Board of Directors (Appointments and Changes) / Pandatel scales down Management Board - CTO Frank Mauritz leaves the company (E)

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Pandatel AG, Hamburg, is reducing the size of its Management Board
from three to two members: Dipl.-Ing. Frank Mauritz, until now in
charge of Product Development and Manufacturing, will be leaving the
Board as at August 31, 2003.

The responsibilities of Mauritz in future will be divided between
Board members Heinrich-J. Kraus and Norbert Wienck: Pandatel’s CEO
Kraus will take over the Research and Development business unit,
supported by Juergen Schroeder, who took the newly created position
of Director of Product Development at the beginning of July. Norbert
Wienck will take responsibility for the Manufacturing division and
will continue to head the Finances and Controlling business unit.

Further inquiry note:
Investor Relations, Pandatel AG
Dietlinde Bamberger
Fasanenweg 25, 22145 Hamburg, Germany
E-Mail: ir@pandatel.com
Tel: +49(0)40 644 14 0
FAX: +49(0)40 644 57 92
Email: ir@pandatel.de

end of announcement        euro adhoc 25.08.2003
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Emittent: PANDATEL AG
          Fasanenweg 25
          DE-22145 Hamburg
Tel:      +49(0)40 644 14 0
FAX:      +49(0)40 644 57 92
Email:    ir@pandatel.de
WWW:      http://www.pandatel.de
ISIN:     DE0006916307
WKN:      691630
Indizes:  Prime All Share, Prime Standard
Börsen:   regulated dealing Frankfurter Wertpapierbörse; free trade

Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse,
Bayerische Börse, Hamburger Wertpapierbörse, Bremer Wertpapierbörse
(BWB), Börse Düsseldorf, Baden-Württembergische Wertpapierbörse
Branche: Telecommunications Equipment
Sprache: Englisch

OTS0009    2003-08-25/08:16

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