GAP AG GSM Applikationen und Produkte
GAP AG – additional participation and additional capital increase

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– GAP AG – additional participation and additional capital increase Oberhaching, July 15, 2004 – GAP AG acquires shares in GEDYS-DISKUS Ltd., Warrington, as well as Gedys Internet Products NV, headquartered in Den Haag to further consolidate the operations and marketing of IBM applications. Furthermore, the Management Board of GAP AG für GSM Applikationen und Produkte (WKN 580150, ISIN: DE0005801500; WKN 580152; ISIN: DE0005801526), with the approval of the Superisory Board, has resolved to use a significant portion of the authorized capital II in the amount of 1.55 million Euros for a subject investment. The subject of the capital increase is the conversion of a loan, given to GAP AG by GlobalWare AG last year at the time GEDYS IntraWare GmbH was purchased, into equity capital of the company. The equity capital of the company will be increased by 1.55 million Euros from 5.85 million Euros to 7.4 million Euros divided into 7.4 million individual share certificates – subject to the suspensive condition of the recordation of the cash capital increase resolved in June in the amount of 0.45 million Euros from 5.4 million Euros to 5.85 million Euros – and subject to the recordation of the real capital increase by the register judge. The company plans to file the June 2004 cash capital increase for recordation at the commercial registry by the beginning of calendar week 30. Immediately following, the real capital increase is to be filed for recordation at the commercial registry. The capital increase is being carried out against the background of the impending joint venture between GEDYS IntraWare GmbH and TJ Group Plc, Finland. Contact: GAP AG für GSM Applikationen und Produkte, Bajuwarenring 12a, D-82041 Oberhaching, Germany e-mail: ir@gapag.de Telephone: +49-89-666695-370 end of ad-hoc-announcement (c)DGAP 15.07.2004 ——————————————————————————– WKN: 580150; ISIN: DE0005801500; Index: Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 151843 Jul 04