Business News

docdata Increases Its Share Interest in German Fulfilment Company Pegasus e-Business GmbH

Tuesday 22. January 2008 - The Internet Service company docdata today announces that it has increased its interest of 30% in the issued share capital of Pegasus e-Business GmbH in Münster (Germany) with an additional 40% to a majority share interest of 70%. The balance sheet and the income statement of Pegasus e-Business GmbH will be included in the consolidation of docdata starting 1 January 2008.

Michiel Alting von Geusau CEO: “With this acquisition we strengthen our position as Internet Service company in the German market; an important focus area for docdata. We now offer in the German market a complete service package to our clients who want to be active on the Internet”.

This share transaction results from the complete exercise of the call option agreement between docdata and the other shareholder of the company, which was part of the original sale and purchase agreement for the 30% minority interest acquired by docdata in September 2006. The valuation of the additional 40% share interest was also agreed in the original sale and purchase agreement, and is based on the same relative valuation as that for the 30% minority interest.