EANS-Adhoc: Kapsch TrafficCom AG: Calculation Update of Contract in South Africa Will Burden Third Quarter

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Financial Figures/Balance Sheet/South Africa
11.02.2013

Vienna, February 11, 2013 -- Kapsch TrafficCom AG (ISIN
AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime
market segment, informs that the calculation of the contract in the
South African province Gauteng had to be updated. With respect to the
recent political developments and under consideration of the
accounting standards according to IFRS, the executive board came to
the conclusion that revenues which were so far expected until the
system start are no longer to be realized. This update will burden
the third quarter results which will be released on February 27.

The electronic toll collection system for multi-lane free-flow of
traffic (Gauteng Open Road Tolling - GORT) was originally scheduled
to go live in April of 2011, but the system start was postponed
several times by the customer due to political discussions. These
delays caused additional costs and standby costs. Upon a positive
court decision, the system start was ultimately expected for December
of 2012. The repeated delay of the go live required a new valuation
in accordance with the current knowledge in the course of the
calculation update for the third quarter.

It cannot be excluded that individual services which have not been
realized yet may be rendered and separately invoiced after the system
start as they are part of a framework contract.

The third quarter would have shown a clear positive result without
this burden from the South African project, but will now presumably
lie again at the level of the two previous quarters in the current
fiscal year.

About Kapsch TrafficCom Kapsch TrafficCom is a provider of
high-performance intelligent transportation systems (ITS) in the
application fields of toll collection, urban access management and
traffic safety and security. Kapsch TrafficCom covers the entire
value creation chain of its customers as a one-stop shop by providing
products and components as well as subsystems as open market
products, by integrating them into turnkey systems or by developing
end-to-end solutions, including services for the technical and
commercial operations of systems. Within its current core business of
electronic toll collection (ETC), Kapsch TrafficCom designs, builds
and operates ETC systems, in particular for multi-lane free-flow
traffic. With 280 references in 41 countries on all five continents
and with almost 70 million on-board units delivered and about 18,000
lanes equipped, Kapsch TrafficCom has positioned itself among the
internationally recognized suppliers of electronic toll collection
worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and
has subsidiaries and representative offices in 30 countries. For more
information, visit http://www.kapschtraffic.com.

Follow us on Twitter: http://twitter.com/kapschnet.

Further inquiry note:
For more information:

Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Phone +43 50 811 1120
Email ir.kapschtraffic@kapsch.net

Press contact:

Katharina Riedl
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
Phone +43 50 811 1705
Email katharina.riedl@kapsch.net

end of announcement euro adhoc
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issuer: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English