equity in motion

Press Release | Munich, 8 November 2006

AdAstra investment asknet off to successful start on the stock exchange

_Today, asknet AG (ISIN: DE0005173306), one of the leading providers of outsourcing solutions for software distribution via the Internet, successfully started trading in the Entry Standard of the Frankfurt Stock Exchange. The shares of the Karlsruhe eCommerce specialist were placed at an offer price of EUR 9 with German and European institutional investors as well as German private investors. The placement volume including the over-allotment totalled EUR 21.6 million.

_asknet AG (www.asknet.de) was established in 1995 as a spin-off from the Computer Centre of Karlsruhe University and has grown into the world’s number two of independent providers of electronic software distribution in the past few years. AdAstra has held a stake in asknet for six years and been closely associated with the company on its growth path. In 2005, asknet’s sales rose by 49 percent to EUR 35.1 million.

_The issue comprised a total allotment of 2,400,000 shares, including the over-allotment of 310,000 shares. AdAstra, before the IPO asknet‘s biggest shareholder with 32.8 percent, reduced its stake in connection with the transaction and will retain a stake of 16.2 percent if the greenshoe option is fully exercised. At this figure, it will continue as the biggest shareholder of the Karlsruhe company.

_Gerhard Rumpff, CEO of asknet, comments: "We are very pleased with the sucessful placement of the asknet shares. Going public provides us with the opportunity to further extend our international presence and to exploit the gigantic potential waiting in the ESD market."

_Dr. Dietmar Waudig, founder and COO of asknet, adds: "Today, our technology platform is unique in the market in terms of range of functionalities and flexibility, and forms the basis for our good position. We owe this, not least, to our investors who afforded us the necessary financial scope to achieve this success, and especially to AdAstra."

_Thomas Krüger, Managing Director of AdAstra Erste Beteiligungs GmbH and Deputy Chairman of the asknet Supervisory Board, declares: "We have held a stake in asknet since the year 2000 and are convinced of the huge potential of that company. Remaining the biggest shareholder even after the successful IPO, we will continue our association with asknet AG as it pursues its growth strategy."

About AdAstra:
_AdAstra Erste Beteiligungs GmbH, established in mid-2000, is an independent Private Equity firm based in Munich and specialising in technology companies. Through its investments, AdAstra provides venture capital for companies from the IT, telecommunication and high-tech sector. AdAstra currently holds investments in the following leading companies: ASK S.A., asknet AG and Gomez Inc.

Contact AdAstra:
Ulrich Clemm / Thomas Krueger
Managing Partner
Phone: +49. 89. 710 40 85-0
Fax: +49. 89. 710 40 85-29

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