euro adhoc: ComputerLinks AG / Mergers - Acquisitions - Takeovers / Ad hoc release pursuant to § 15 German Securities Trading Act - Expert opinion determines adequate cash compensation and recurring c

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Contracts

24.10.2008

Ad hoc release pursuant to § 15 German Securities Trading Act
(Wertpapierhandelsgesetz - WpHG)

COMPUTERLINKS Aktiengesellschaft, Stefan George Ring 23, 81929 Munich
- Expert opinion determines adequate cash compensation and recurring
cash payment under the envisaged domination and profit transfer
agreement - Regular Delisting of COMPUTERLINKS shares planned

Munich, 24 October 2008

In connection with the envisaged conclusion of the domination
and profit transfer agreement between CSS Computer Security
Solutions Erwerbs GmbH and COMPUTERLINKS AG, the management board
of COMPUTERLINKS AG and of CSS Computer Security Solutions Erwerbs
GmbH have mandated Dr. Ebner, Dr. Stolz und Partner GmbH
Wirtschaftsprüfungsgesellschaft, Steuerberatungsgesellschaft,
Stuttgart, with an expert opinion on the enterprise value of
COMPUTERLINKS AG.

After having completed the examination, the expert has notified the
management boards of COMPUTERLINKS AG and CSS Computer Security
Erwerbs GmbH, that Computerlinks AG's enterprise value
determined in accordance with the discounted earnings method
per 18 December 2008 amounts to EUR 119,190k. Pursuant to the
expert opinion this amount equals EUR 16,54 per COMPUTERLINKS
share. This amount exceeds the average weighted stock exchange
price of the COMPUTERLINKS share within the three-months-period
prior to the date of announcement of the planned conclusion of
the domination and profit transfer agreement on 5 September 2008
and qualifies, pursuant to Dr. Ebner, Dr. Stolz und Partner GmbH,
as an adequate cash compensation in accordance with § 305 German
Stock Corporation Act (Aktiengesetz - AktG). Pursuant to the
expert opinion, the adequate recurring cash payment in accordance
with § 304 para. 2 sentence 1 AktG amounts to EUR 0,97 (gross)
per COMPUTERLINKS share. This amount is to be reduced by
corporate income tax (plus solidarity tax), as applicable from
time to time. On the basis of currently applicable rules, the
recurring cash payment amounts to EUR 0,95 per Computerlinks
share. The examiner SUSAT & PARTNER OHG
Wirtschaftsprüfungsgesellschaft, Hamburg, which has been appointed
by the district court Munich I has informed us today that it
considers the cash compensation and the recurring cash payment as
adequate.

Today, the management of CSS Computer Security Solutions Erwerbs
GmbH has offered vis-à-vis the management board of COMPUTERLINKS AG
to agree under the domination and profit transfer agreement to an
adequate cash compensation and a recurring cash payment as
determined by Dr. Ebner, Dr. Stolz und Partner GmbH. The management
board and the supervisory board of COMPUTERLINKS AG will review the
results of the expert evaluation and decide within the next
days on entering into the domination and profit transfer agreement.

The extraordinary shareholders' meeting of COMPUTERLINKS AG which
shall resolve on the domination and profit transfer agreement is
expected to take place on 18 December 2008.

In accordance with a proposal by the management of CSS
Computer Security Solutions Erwerbs GmbH, the management board of
COMPUTERLINKS AG has decided today, subject to the approval of the
extraordinary shareholders' meeting, to take measures with regard
to the revocation of the listing of COMPUTERLINKS shares to
the regulated market at Frankfurt Stock Exchange (Frankfurter
Wertpapierbörse), in order to terminate the stock exchange
trading of the COMPUTERLINKS shares on the regulated market
(regular delisting). CSS Computer Security Solutions Erwerbs
GmbH has notified the management board of COMPUTERLINKS AG,
that it intends to offer in the course of the regular
delisting to the outstanding shareholders of Computerlinks AG
a cash compensation with regard to the acquisition of their
Computerlinks shares. The amount of this cash compensation shall
equal the amount that is offered as cash compensation under the
domination and profit transfer agreement pursuant to § 305 AktG.
COMPUTERLINKS AG and CSS Computer Security Solutions Erwerbs
GmbH intend to apply to the district court Munich I for the
appointment of an examiner with respect to the adequacy of the cash
compensation.

Munich, 24 October 2008
The Management Board

This press release is available under www.COMPUTERLINKS.de.

More Information:

|COMPUTERLINKS AG |
|Daniela Drygalla - Investor Relations |
|Stefan-George-Ring 23 |
|D-81929 München |
|Tel.: |+49 (0) 89 930 99-227 |
|Fax: |+49 (0) 89 930 99-200 |
|E-Mail:|Investor-Relations@COMPUTERLINKS.de |
|Interne|www.COMPUTERLINKS.de |
|t: | |

end of announcement euro adhoc
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ots Originaltext: ComputerLinks AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Daniela Drygalla

Tel: +49(0) 89 93099227

investor-relations@computerlinks.de

Branche: Computing & Information Technology
ISIN: DE0005448807
WKN: 544880
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade