GAP AG GSM Applikationen und Produkte
GAP AG: Competitors join Forces: GEDYS IntraWare and TJ Group Plc

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Competitors join Forces: GEDYS IntraWare and TJ Group Plc plan to merge their IBM Technologies Software Business in GAP AG Petersberg, Oberhaching and Helsinki, April 27, 2004 – GEDYS IntraWare the owner of the GEDYS and IntraWare product lines and TJ Group Plc, Finland, signed a Letter of Intent today to form a Joint Venture company within GAP AG. The objective of the Joint Venture is to join forces for development, marketing and sales of software solutions based on IBM Lotus Domino and IBM Websphere/J2EE software servers. The companies have competed extensively in the markets for the past seven years. With the Joint Venture, the contract partners lay the foundation for a company that will be the leading European provider for IBM Lotus Domino technologies based solutions. Combining the strengths of both companies with regard to intellectual property rights, copyrights, know-how as well as marketing and support activities leads to significant synergies. The Joint Venture optimizes sales activities and market visibility throughout Europe and will double the number of customers thereby reaching critical mass in the markets. In addition, costs are reduced in the areas of product development, maintenance and support. As a result of the synergy effects, the Joint Venture plans to reach a yearly revenue of about 15 million euros and expects to reach 20 million euros annually in 3 years. As the market leader in this segment in Europe, the operating margin is expected to be at around 20 % after realizing the full effect of the synergies. The Joint Venture will expand the portfolio of solutions as well as the international marketing structures within the scope of the agreement. Distribution companies and a combined partner network in Europe and the United States provide optimal customer service. Product development will be combined and will include the CRM Suite, CMS Suite and Symfoni product lines of TJ Group and the IBM Lotus Domino applications of GEDYS IntraWare. Further optimization is realized with the integration of major functions of the respective solutions in the different product lines. Development of new technologies, applications and products is more cost effective and faster in the Joint Venture. Further development will be based on IBM’s newest platform solutions like IBM Websphere, IBM Lotus Workplace solutions and IBM’s Eclipse. The Joint Venture will also secure the customers’ current and future investments in IBM Lotus Domino technologies by focusing on the development of applications, modules and interfaces for the transfer of data and configurations from existing software platforms to IBM’s new platforms. Contacts: Public Relations: Kirstin Fischer GEDYS IntraWare GmbH Brückenmühle 93, D-36100 Petersberg, Germany Tel.: +49-661-9642-619 e-mail: kfischer@gedys-intraware.de CEO Mikko Setälä TJ Group plc Itämerenkatu 5, FIN-00180 Helsinki, Finland Tel.: +358-205-5151 e-mail: mikko.setala@tjgroup.com CEO Markus Ernst GAP AG für GSM Applikationen und Produkte, Bajuwarenring 12a, D-82041 Oberhaching, Germany e-mail: ir@gapag.de end of ad-hoc-announcement (c)DGAP 27.04.2004 ——————————————————————————– WKN: 580150; ISIN: DE0005801500; Index: Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 271458 Apr 04