EANS-Adhoc: P&I Personal & Informatik AG / Ineffective Resolution by Members of the Supervisory Board regarding the Dismissal and Appointment of Members of the Management Board as well as the Assertio

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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17.06.2010

The Management Board of P&I Personal & Informatik AG has been
informed that two members of the Supervisory Board of P&I Personal &
Informatik AG, namely Mr. Vinall and Dr Heidel, have tried to pass
various resolutions of the Supervisory Board. Both the Chairman of
the Supervisory Board and the members of the Management Board of P&I
Personal & Informatik AG concur in the opinion that these resolutions
are ineffective due to the fact that they were passed by only two out
of the three members of the Supervisory Board; the chairman of the
Supervisory Board, Mr. Wand, did not participate in the adoption of
the resolution. The Supervisory Board was therefore lacking the
statutory quorum (see Section 108 para. 2 sentence 3 German Stock
Corporation Act - Aktiengesetz, "AktG"). Pursuant to Section 108
para. 2 sentence 3 AktG, resolutions of the Supervisory Board must be
adopted by at least three of its members.

The subject matter of the resolutions which Mr. Vinall and Dr Heidel
sought to pass were, inter alia:

• Declaration of the invalidity of the appointment of the Management Board
members Mr. Triadis and Dr Voß and their respective employment contracts and, in
the case of Dr Voß, alternatively, the revocation for cause of his appointment
as a member of the Management Board and the termination for cause of his
employment contract without notice;
• Appointment of Dr Massmann and Dr Mossack as members of the Management
Board of P&I Personal & Informatik AG and conclusion of respective employment
contracts;
• Assertion of claims for damages against the members of the Management
Board, Mr. Triadis and Dr Voß in the amount of EUR 900,000.00, plus VAT of EUR
171,000.00, plus interest at 8% above the base rate (Basiszinssatz) since 15
July 2009.

The members of the Management Board, Mr. Triadis and Dr Voß will
continue to discharge their unaltered duties as members of the
Management Board. They are of the opinion that claims for damages
which might be asserted against them are without merit.

Wiesbaden, June 17, 2010
Management Board

end of announcement euro adhoc
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ots Originaltext: P&I Personal & Informatik AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Andreas Granderath

+49 (0)611 7147-267

agranderath@pi-ag.com

Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade