10TACLE STUDIOS AG
10TACLE STUDIOS AG agrees finance package with private investor

10TACLE STUDIOS AG / Agreement

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Darmstadt, March 17, 2008 – This morning the Managing Board and the
Supervisory Board of 10TACLE STUDIOS AG, listed in the General Standard
segment of the Frankfurt Stock Exchange (ISIN: DE000TACL107), approved the
agreement with the Hamburg-based ship owner Bertram Rickmers regarding a
finance package for the company. At present, Rickmers holds approx. nine
percent of the company.

The investment package also includes a convertible bond issue, for which a
capital increase of 614,750 shares, having a subscription price of € 2.50
per share, is intended. There are no plans to grant subscription rights to
any other stockholders. The Managing Board expects that, as a result of
this agreement, other company projects could also be successfully
implemented over the short term. This would have a positive effect on the
company's liquidity situation, which of late had been impacted by the
uncertain market prospects.

As a result of the substantial delays with regard to the production of
ELVEON and TOTEMS, as reported in the interim report of November 19, 2007,
falling short of the forecast published for the 2007 fiscal year can now no
longer be excluded.

The company will release further explanations regarding the measures
already taken, and those planned for the future, in a press release to be
published today.

 

The Managing Board

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Information and Explaination of the Issuer to this News:

About 10TACLE STUDIOS AG

10TACLE STUDIOS AG, listed in the General Standard segment of the Frankfurt
Stock Exchange (German securities ID number (WKN): TACL10, ISIN
DE000TACL107) is an independent development and production company for
high-end computer and video games and a market leader in Europe. The
products of 10TACLE STUDIOS AG meet the highest international standards and
cover all the relevant high-growth segments of the games market. The
company operates out of its headquarters in Darmstadt and its development
sites in Berlin, Darmstadt, Duisburg, Hanover, Budapest, Charleroi, London,
Singapore and Vienna.
17.03.2008  Financial News transmitted by DGAP
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Language:     English
Issuer:       10TACLE STUDIOS AG
              Goebelstr. 21
              64293 Darmstadt
              Deutschland
Phone:        +49 (0)6151 39 738 21
Fax:          +49 (0)6151 39 738 10
E-mail:       ir@10tacle.com
Internet:     www.10tacle.com
ISIN:         DE000TACL107
WKN:          TACL10
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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