Ad hoc Announcements

Announcements according to §15 WpHG


BOV AG applies for inclusion in the Prime Standard

The Supervisory Board from BOV AG, located in Essen, Germany, has unanimously decided to apply to the Deutsche Börse AG for the inclusion of BOV shares in the Prime Standard and terminate their membership in the Neuer Markt.



BOV improves results in Q3 by EURO 0.5 million

Stable trend in revenues despite adverse market situation

In the third quarter of 2002, the BOV Group has recorded a total operating performance of EURO 5.8 million with acumulative operating performance for the first nine months of the 2002 financial year of EURO 18.4 million. This means that the overall performance for the third quarter, still characterised in the months of July and August by the lower seasonal capacity utilisation, was at the same level on average as in the two previous quarters.



BOV increases overall performance by some 8.7 % compared to the previous quarter

Visible cost reduction in the course of restructuring

The BOV Group showed overall corporate earnings of EURO 6.56 Mio. in the second quarter, thus outperforming the first quarter by some EURO 0.52 Mio. (+ 8.7 %). This exceeds projections which expected revenues to remain at first quarter levels.



BOV AG continues with consolidation process

Sale of Intermoves AG / BFK GmbH

Pending approval from the supervisory board, BOV has sold its 75.5 percent share of Intermoves AG and 73 percent stake in B.F.K. Gesellschaft für angewandte Wirtschaftsinformatik GmbH, both of Paderborn, as part of a management buyout.



BOV AG achieves its Q3 sales target and successfully continues its favorable earnigns trend

BOV expects Q4 sales to develop on a stable level / Turnaround expected in 2002

BOV AG booked total output of Euro 6.9 million in Q3 and sales were therefore in line with expectations and concur with recent forecasts by analysts. Despite tough market conditions, in the first nine months, BOV AG has recorded total sales of Euro 22.4 million, a figure 25.1 percent up on the year-before period.



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