euro adhoc: Winter AG / Preliminary figures to 31st December 2003: Winter closes the fiscal year 2002 with a negative EBIT of 6.6 million Euro, Gerhard Osterrieder leaves the Management Board. (E)

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

Olching near Munich, 16th February 2003. Winter AG, the Prime Standard-listed chipcard manufacturer released its preliminary figures according to IAS, for the fiscal year ending 2003, today, subject to the results of the annual audit.

Turnover to 31st December 2003 amounts to 29.5 million EUR; EBIT is minus 6.6 million EUR. The planned figures of 31 million EUR in turnover and minus 4.3 million EUR in EBIT could not be achieved. The reasons for this is the absence of turnover in the "Cards" area, not as planned realisable earnings in the "Card Services" division and further strong pressure on prices due to overcapacities on the market. Despite considerable cost savings, we did not succeed in compensating the reduction of turnover of existing customers with turnover of new clients. The final figures according to IAS to 31st December 2003 will be released on 31st March 2003 with the background of the new orientation of the company.

With decision of the supervisory board of 16th Februar 2004 Gerhard Osterrieder, member of the mangement board, has been released from his duties as with immediate effect.

Winter AG
WKN: 555 560
Contact:

Winter AG
Susan Hoffmeister-Byrne
Marketing & Investor Relations
Hermann-Boecker Str. 19-25
82140 Neu-Esting/Munich
Tel.: 08142 303 285
Fax: 08142 303 173
Email: susan.hoffmeister@winter-ag.com
http://www.winter-ag.com

Further inquiry note:
Susann Hoffmeister
Marketing & IR Leitung
T.: +49(0)174 300 3950
susann.hoffmeister@winter-ag.com
Tel: +49(0)8142-303-0
FAX: +49(0)8142-303-170
Email: info@winter-ag.com

Emittent: Winter AG Hermann-Böcker-Str. 19-25 DE-82140 Neu-Esting Tel: +49(0)8142-303-0 FAX: +49(0)8142-303-170 Email: info@winter-ag.com WWW: http://www.winter-ag.com ISIN: DE0005555601 WKN: 555560

end of announcement euro adhoc

Indizes: CDAX, Prime All Share, Prime Standard, Technologie All Share
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: Computing & Information Technology
Sprache: Englisch

OTS-ORIGINALTEXT UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS | OTB0008