20/02/2006 Ad-hoc News EN
Christian Steiner

SHS Informationssysteme AG decides cash capital increase

SHS Informationssysteme AG / Issue of Equity

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.

Munich, 20th February 2006 – The Board of Directors of SHS
Informationssysteme AG (WKN 507240) listed on the Prime Standard segment of
the Frankfurt Stock Exchange has today decided with the agreement of the
Supervisory Board to increase the share capital for cash. The current share
capital of the company of EUR 11,319,660.00, after the execution of the
capital increase against contribution in kind decided on 9th February 2006,
will be increased by up to EUR 2,494,987.00 to EUR 13,814,647.00 by using
part of the agreed capital to issue up to 2,494,987 bearer shares (the “new
shares“). The capital increase will be used to finance the cash component
and transaction costs of the acquisition of VIVEON AG, Munich, which was
decided on 9th February 2006.

The new shares will participate in profits from 1st January 2006.
Shareholders are guaranteed indirect subscription rights. The subscription
rights for fractional amounts are excluded.

The company guarantees its shareholders subscription rights in the ratio
29:7, i.e. 29 old shares guarantee subscription rights to purchase 7 new

The shareholders’ statutory purchase rights are guaranteed in the way that
NORD/LB Norddeutsche Landesbank Girozentrale, Hannover is approved for the
subscription and takeover of the new shares to the issue price of EUR 2.95
per share with the obligation of issuing them, with the exception of the
fractional amounts, to shareholders in the ratio 29:7 at an issue price of
EUR 2.95 per share.

The details of the issue conditions will be published on 23rd February 2006
in the electronic federal indicator.

For the case that not all new shares are subscribed in the issue offer,
Viscardi Securities Wertpapierhandelsbank GmbH has been authorised by the
company’s Board of Directors to offer the remaining shares in cooperation
with the company privately to investors at the price of EUR 2.95 per share.

Trading for the subscription rights on the stock exchange will not take

- End of ad-hoc release -


Information and Explaination of the Issuer to this News:

Background to the capital increase:

On 9th February 2006, SHS Informationssysteme AG resolved to acquire Viveon
AG, Munich. The purchase price of EUR 10 million for Viveon AG will be paid
partly in cash and partly in shares. The share component of the transaction
will be covered by the capital increase against contribution in kind in the
amount of EUR 983,284.00, which was resolved on 9th February 2006. The cash
capital increase which was resolved today serves to finance the cash
component and the transaction and integration cost of the acquisition.

Viveon AG is a consultancy firm which focuses on customer value and
customer relationship management (CRM). In this field, the company is a
leading player in the German-speaking markets. A dynamically growing and
profitable company, Viveon recorded sales in excess of EUR 7 million in the
2005 financial year. Viveon has more than 65 employees. Its customer base
includes BMW Financial Services, DAB Bank, Danone, E.ON, E-Plus, Karstadt,
O2, Orange, Sparkassenversicherung and UBS Card Center, among others. The
majority of Viveon's customers have been utilizing the company's excellent
analytical and customer-value oriented expertise for several years. The
consultancy firm has branch offices in Munich and Wiesbaden and maintains a
subsidiary in Zurich, Switzerland.

By acquiring Viveon AG, SHS supplements its services portfolio in a
targeted fashion. In the future, SHS will cover the entire value chain
including strategic consultancy, the integration of creditworthiness checks
and customer value analysis. Combining the systems solutions from SHS and
the consultancy competence of Viveon results in a unique pooling of credit
risk and customer value expertise. With total sales in excess of EUR 20
million and more than 200 employees in German-speaking territories alone,
SHS underscores its strong market position in this sector.

VIVEON's largest customer, O2 Germany, welcomes this strategic step. Markus
Heimann, Vice President O2 Germany, commented: 'For us, the merger of
VIVEON and SHS is a highly positive development in our excellent
cooperation. New opportunities will arise from the complementary service
portfolios and the industry expertise prevalent on both sides. We expect
the comprehensive Telefonica experience gained by SHS, in particular, to
deliver numerous synergies and innovative momentum for our company.'

Munich-based SHS Informationssysteme AG is listed on the Prime Standard
segment of the Frankfurt Stock Exchange and operates a subsidiary in Spain.
The IT services provider focuses on offering customer management and credit
risk management solutions to companies with a broad customer base. In 2004,
the company recorded revenues of EUR 32 million. The customers of SHS AG
include Ingram Micro, Crédit Agricole, T-Mobile, T-Online, Südleasing,
Telefónica, amena, Barclaycard and other international companies in the
information and financial sectors. For more information, see www.shs.de

DGAP 20.02.2006

language: English
emitter: SHS Informationssysteme AG
Fraunhoferstraße 12
82152 Martinsried bei München Deutschland
phone: +49-(0)89-747-257-0
fax: +49-(0)89-747-257-10
email: investor.relations@shs.de
WWW: www.shs.de
ISIN: DE0005072409
WKN: 507240
stockmarkets: Geregelter Markt in Frankfurt; Freiverkehr in Berlin-Bremen,
Hannover, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service