euro adhoc: S&T System Integration&Technology Distribution AG / other / S&T Sells EFP Consulting AG Switzerland

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29.09.2006

S&T Sells EFP Consulting AG Switzerland

Focus on S&T Core Industries in Central and Eastern Europe

29 September 2006. Austria - Switzerland. S&T System Integration &
Technology Distribution AG has announced the sale of EFP Consulting
AG Switzerland. This move is in keeping with S&T’s stated intention
to focus more strongly on the core S&T industries, financial
services, power utilities, the manufacturing industry and
telecommunications companies in the CEE countries.

EFP Consulting AG Switzerland was taken over by S&T in 2005 as part
of the acquisition of the EFP Group. The Swiss subsidiary focused
primarily on customers who operate in Switzerland and on the SAP
licence business. The sale is therefore due to S&T's decision to
focus more strongly on its core industries as well as on providing
SAP / ERP consulting services for customers in Central and Eastern
Europe.

EFP Consulting AG Switzerland with its 50 employees will be taken
over by a Swiss investment company with the participation of the
local management team. Project-specific future co-operation with S&T
has been agreed.

"EFP Consulting AG Switzerland has done good work in recent years and
we are looking forward to continued successful co-operation. However,
the primary goal of S&T is continued growth in our core industries
and leveraging synergies to international customers in Central and
Eastern Europe. Our investment has given an excellent rate of
return," said Christian Rosner, CEO of S&T AG, on the occasion of the
sale of the Swiss subsidiary.

The parties have agreed to keep details of the transaction
confidential.

About S&T - www.snt.at - XETRA VIENNA: SNT With some 2,100 employees
S&T is the leading provider for IT solutions and services for
customers in Central and Eastern Europe. The company develops and
implements custom-tailored IT solutions for large and medium-sized
telecommunications companies, banks, power utilities, manufacturing
companies and public institutions. Through our subsidiaries in 18
countries we realise cross-border IT structures, offering our clients
outstanding solutions and service competence.

end of announcement euro adhoc 29.09.2006 08:53:29
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ots Originaltext: S&T System Integration & Technology Distribution AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christian Rosner Irene Preißler
Chief Executive Officer Corporate Communications
T: +43 (0)1 367 80 88 T: +43 (0)1 367 80 88-1029
Christian.Rosner@snt.at Irene.Preissler@snt.at

S&T SYSTEM INTEGRATION & TECHNOLOGY DISTRIBUTION AG
Geiselbergstrasse 17-19
1110 Vienna
Austria

Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market