EANS-News: P&I Personal & Informatik AG / Legitimacy of management board´s actions confirmed by special audit of P&I´s supervisory board

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C.E.O. Interviews

Wiesbaden (euro adhoc) - The final report of a special audit
regarding several incidents at P&I Personal & Informatik AG, which
was initiated by the company´s supervisory board, has now been made
available to the management board. The external experts have
determined that none of the incidents assessed constitute a relevant
breach of duty by the members of the management board of P&I AG. In
its meeting on 18 January 2010, the supervisory board unanimously
adopted a resolution that specific incidents be audited according to
sec. 111 para. 2 sents. 1 and 2 of the German Stock Corporation Act
(AktG). The audit was carried out by attorneys Flick Gocke Schaumburg
of Bonn and auditing firm Warth & Klein mbH of Düsseldorf. According
to their assignment, the auditors reviewed all relevant incidents to
an extensive degree and determined that all questions and requests
for information directed at the management board had been answered
exhaustively. According to the final report, at no occasion during
the auditing process information had not been provided or documents
not been disclosed. The investigators also confirmed that after
having reviewed all necessary documents, they did not believe that
information had been held back. Based on this extensive investigation
the auditors come to the conclusion that none of the incidents
assessed constitute a relevant breach of duty by members of the
management board. The final report of the auditors thus confirms the
view of the management of P&I AG that the management board could not
be accused of any violation of its duties in office.

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