Public Repurchase Tender Offer June 2008

Result of public repurchase offer:
 
Further to an announcement made by the Österreichische Kontrollbank the offer has been accepted within the period to the extent of 1,239,007 individual shares.
 
As the offer was based on the purchase of 500,000 individual shares, the oversubscription corresponds to an allocation figure of 40.354898%.
 
Managing board of Fabasoft AG

Here are our details to the public repurchase tender offer:

Details to the public repurchase tender offer
(Only the German text is binding. The English translation is for convenience.)
 

Ad-hoc Announcement of 9 June 2008:
Fabasoft AG replaces share repurchase programme with public repurchase tender offer

The Managing Board of Fabasoft AG (ISIN AT 0000 785407/WKN 922985) today resolved, based on authorisation granted at the Annual General Meeting of 26 June 2007, to terminate the share repurchase programme operating via the stock exchange and replace it with a public repurchase tender offer to all shareholders for the acquisition of up to 500,000 own shares.

Due to the low trading volume of the share purchase via the stock exchange the Managing Board is of the opinion that a quick repurchase process via a public purchase tender offer is desirable.

The Annual General Meeting mentioned above enables the repurchase of up to and not exceeding 946,460 ordinary bearer shares of the company; in the share repurchase programme being handled by the stock exchange considerably fewer than 100,000 shares have been acquired prior to the resolution, meaning that the reacquisition of a further maximum 500,000 own shares is legally permissible and authorised.

The period for the repurchase tender offer begins on 11 June 2008 and ends at midnight (CET) on 9 July 2008. The offer price per share is € 3.28. This figure corresponds in the main to the volume-weighted average stock exchange price (XETRA) of the Fabasoft share in the last full calendar month prior to the respective resolution of the Managing Board (May 2008). The tender offer price therefore lies within the scope of the authorisation granted on 26 June 2007 at the Annual General Meeting.

Details on the tender offer will be published on the company's website (www.fabasoft.com) from 10 June 2008.

Fabasoft AG (ISIN AT0000785407; WKN 922985; Bloomberg Code FAA GY; Reuters Code FAAS.DE).
Linz, 9 June 2008
Leopold Bauernfeind, Member of the Managing Board
E-mail: Leopold.Bauernfeind@fabasoft.com
Telephone: +43 732 606162