euro adhoc: USU Software AG / Changes on the Supervisory Board (E)

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Changes on the Supervisory Board

Möglingen, 21 September 2004. The Chairman of the Supervisory Board, Markus Kress, and the member of the Supervisory Board, Werner Preuschhof, today resigned from their Supervisory Board seats at USU Software AG with effect of 31 October 2004. The resignation from the seats was effected as scheduled in line with the changes in shareholder structure as a result of the takeover of the majority of shares by Udo Strehl Private Equity GmbH. The Management Board and Supervisory Board wish to thank Markus Kress and Werner Preuschhof for their work and commitment.

The Management Board will recommend the appointment of the businessmen Günter Daiss and Erwin Staudt as new members of the Supervisory Board to the District Court.

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Issuer´s information and explanatory remarks concerning this ad-hoc-announcement:

During his 40 years in business, Günter Daiss developed an international group of companies. In 1978, he founded the financial services company DAISS Versicherungsmakler GmbH, headquartered in Freiberg am Neckar. Even the economic success of companies in other industries, e.g. Uhlsport, Gin Tonic or G.W. Barth are closely linked to Günter Daiss’ commitment. Günter Daiss is the Chairman of the Management Board of G. W. Barth AG, Freiberg a. N., member of the Council of Union Beton and a member of the Administrative Board of Kreissparkasse Ludwigsburg.

Erwin Staudt has been the first full-time president of VfB Stuttgart since September 2003. Previously, he was employed in different executive function by IBM Germany for three decades, most recently as Chairman of Management. Apart from his business expertise, Erwin Staudt has excellent knowledge of the IT industry. He is a member of the Council of Deutsche Bank AG in Berlin, of Allianz Versicherung AG in Stuttgart and of Hamburg-Mannheimer Versicherungsgesellschaften, Hamburg.

"I wish to express my gratitude to Markus Kress and Werner Preuschhof for their support in the restructure of USU Software AG toward a software and solution company. In Günter Daiss and Erwin Staudt two experienced businessmen will complete the Supervisory Board of USU Software AG, and provide advice in respect of the future challenges of the changing IT market", comments Udo Strehl the changes on the Supervisory Board.

USU Software AG
As a software and solution provider, we have been offering our customers value added-oriented IT products and tailored application solutions for over 25 years. In the field of IT-Controlling, analysts see USU as one of Europe's market leaders. We support customers in achieving transparent management of the economic efficiency of their IT in the context of comprehensive controlling. In this, the new Valuemation product suite addresses expertise issues such as IT-asset management, IT-finance management or service / change management. In the Business Solutions area, USU successfully moulds IT knowledge and specialist expertise into customised systems as a solution provider. Together with our own process models and expertise attained in major projects, established knowledge management products supplement our broad offering. Longstanding customer relations connect USU with market leaders in all areas of the economy. Further information can be found at www.usu-software.de

Contact:

USU Software AG
Investor Relations
Falk Sorge
Tel.: + 49 (0) 71 41 / 48 67 351
Fax: + 49 (0) 71 41 / 48 67 108
e-mail: f.sorge@usu-software.de

USU Software AG
Corporate Communications
Dr. Thomas Gerick
Tel.: + 49 (0) 71 41 / 48 67 440
Fax: + 49 (0) 71 41 / 48 67 909
e-mail: t.gerick@usu-software.de

Further inquiry note:
Falk Sorge
Tel.: +49 (0)7141 4867 351
E-Mail: f.sorge@usu-software.de
Tel: +49 (0)7141 4867 0
FAX: +49 (0)7141 4867 20
Email: investor@usu-openshop.com

Emittent: USU Software AG Spitalhof DE-71696 Möglingen Tel: +49 (0)7141 4867 0 FAX: +49 (0)7141 4867 20 Email: investor@usu-openshop.com WWW: http://www.usu-openshop.com ISIN: DE000A0BVU28 WKN: A0BVU2 Indizes: CDAX, Prime Standard Börsen: regulated dealing Baden-Württembergische Wertpapierbörse,

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Frankfurter Wertpapierbörse; free trade Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Bremer Wertpapierbörse (BWB), Börse Düsseldorf
Branche: Software
Sprache: Englisch

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