euro adhoc: SYNAXON AG / Financial Figures/Balance Sheet / SYNAXON AG provides preliminary figures for the 2005 financial year / Strategic investor announces preparations for public takeover offer

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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23.02.2006

Bielefeld, February 23, 2006: Based on preliminary calculations, net
profit for the SYNAXON Group amounted to approx. EUR 0.2 million at
Dec. 31, 2005 (Dec. 31, 2004: EUR 2.7 million). This corresponds to
earnings per share of approx. 5 cents (FY 2004: 76 cents). The
management had originally anticipated a reduction in earnings to 40
cent per share as a result of a far-reaching investment programme.
These planned expenses coincided with exceptional charges. First,
expenses associated with legal action taken following the contract
terminations by 19 PC-SPEZIALIST franchisees were considerably higher
than originally budgeted. Legal fees and provisions for legal
proceedings amounted to more than EUR 0.6 million. In addition,
valuation allowances had to be made in the amount of EUR 0.2 million
for receivables from the above-mentioned franchisees in order to
account for potential defaults. The second major factor was the loss
incurred by the pilot store DIGITAL INC., Vienna, in 2005, which at
around EUR 0.9 million was much more sizeable than originally
forecast in mid-2005. At around EUR 21 million, sales generated by
the SYNAXON Group were higher than a year ago (FY 2004: EUR 17.2
million).

In view of the company's capital base, the Management Board has
proposed a dividend of EUR 0.40 per share, despite the failure to
meet corporate targets in 2005. The dividend payment is to be made
from revenue reserves. Operating business will not be adversely
affected by the dividend payment.

The full 2005 annual report for the Group will be presented at the
Analysts' Meeting/Annual Results Press Conference to be held in
Bielefeld on March 30, 2006.

Further information is available from the Corporate News Release,
which can also be accessed via the company's website at
www.synaxon.de, Investor Relations / IR Publications.

In addition, a strategic investor notified the company of its
intention to put forward a public takeover offer. The Management
Board of SYNAXON AG is currently not in a position to assess whether
a potential takeover by the investor would be in the interests of the
company and its shareholders.

end of announcement euro adhoc 23.02.2006 13:59:13
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ots Originaltext: SYNAXON AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
SYNAXON AG, Investor Relations
Karen Müller
Telefon: +49(0)521-9696-292
E-Mail: ir@synaxon.de

Branche: Hardware
ISIN: DE0006873805
WKN: 687380
Index: CDAX
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