EANS-Adhoc: S&T AG substantially expands Appliances segment and smart energy portfolio

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers/Acquisition
06.06.2014

- Acquisition of stake in Affair OOO - Addition to S&T Group's
workforce of some 600 employees - of which 400 engineers -
Consolidated revenues set to rise in 2015 to EUR 440 million

Linz, 06.06.2014. S&T AG (www.snt.at) signed today a contract for the
acquisition of 48% of the shares of Affair OOO. The company is
headquartered in Moscow, Russia. Affair OOO serves as a holding which
has a 74.5% stake in its operating subsidiaries. They have been
active for many years in the areas of smart energy and software
development. The group employs some 600 employees, of whom most are
highly-qualified engineers. This acquisition has set forth S&T's
development of the smart energy sector of its Appliances segment,
which forms a key part of its strategy for growth.

The acquisition enhances both the S&T Group's potential to add
technological value and its footprint in the Eastern European market.
Affair OOO will ramp up the operations of S&T AG's Appliances and
Services segments. Affair OOO group's annual revenues amount to some
EUR 70 million. The acquisition of Affair OOO gives rise to synergies
also involving ubitronix solution GmbH, which was recently acquired
by S&T AG. These are in the area of smart energy solutions.

S&T AG was joined by Affair's local management in the acquiring of
the shares in Affair OOO from Kontron AG. The price for the
acquisition of this 48% stake in Affair OOO came to EUR 5.87 million.
The closing will take place upon the securing of approvals from fair
trade authorities in Austria and Russia.

The exercising of an option to acquire a further 3% of the voting
rights in Affair OOO by S&T AG will cause Affair to be fully
consolidated in the annual financial accounts of the latter after the
closing. This acquisition causes planned Group's revenues to amount
to EUR 440 million in 2015. The acquisition's costs of procurement
and integration will initially encumber S&T's consolidated income for
2014 by some EUR 0.8 million. S&T's business in the segment
Appliances has been good in 2014. This is causing management to
maintain its forecast for the year's consolidated income to rise to
EUR 12 million. Affair OOO is expected to start in 2015 to the
increasing by EUR 3 million of S&T's consolidated EBITDA.

On S&T AG S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is listed on
the Prime Standard segment of the Frankfurt Stock Exchange. The
company has some 1,550 (in the future: 2,100) employees and offices
in 17 countries in Central and Eastern Europe. S&T is one of the
three largest providers of IT systems in Austria and in Eastern
Europe. One of S&T's main assets is the exceptional breadth of its
portfolio of products and services. Many of these feature proprietary
technologies. These are for such areas as cloud security, smart
energy and mobile IT. This portfolio is supplied throughout Central
and Eastern Europe.

Further inquiry note:
Valentin Trummer, +43 699 13333309

end of announcement euro adhoc
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issuer: S&T AG
Industriezeile 35
A-4021 Linz
phone: +43 664 6119214
FAX: +43 1 80191 1290
mail: ir@snt.at
WWW: www.snt.at
sector: Computing & Information Technology
ISIN: AT0000A0E9W5, DE000A1HJLL6
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English