The repurchase is to take place pursuant to the safe-harbour rules of secs. 14(2), 20a(3) German Securities Trading Act (WpHG) in conjunction with Regulation (EC) no. 2273/2003. The purchase price (excluding acquisition costs) may not exceed the highest closing price for the company share over the last 10 trading days in XETRA, i.e. EUR 22.00. The repurchase will be carried out during the period up to January 15, 2009 by the Landesbank Baden-Württemberg, which will also be solely responsible for deciding the time of the acquisition of the shares. Bertrandt AG will report on transactions carried out on their website (http://www.bertrandt.de) in accordance with the statutory provisions.
Given the current situation on the capital markets, Bertrandt AG reserves the right to terminate the repurchase programme at any time.