euro adhoc: ItN Nanovation AG / Financing, Stock Offerings (IPO) / Festo Shareholders to buy shares of ItN Nanovation AG in the context of an IPO

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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21.07.2006

ItN Nanovation AG has entered into an agreement with Dr. Wilfried
Stoll and Dr. h.c. Kurt Stoll, in which they undertake to acquire
shares of the company at an aggregate purchase price of approximately
EUR14 million in case of a public offering of ItN Nanovation shares.
Dr. Wilfried Stoll and Dr. h.c. Kurt Stoll are both 25 % shareholders
of Festo GmbH & Co. KG, which holds 100% of Festo AG.

In accordance with the agreement, Dr. Wilfried Stoll and Dr. h.c.
Kurt Stoll each commit themselves to acquire corresponding amounts of
shares of ItN Nanovation. In return ItN Nanovation AG has committed
to support a corresponding allocation of the shares in the offering .

Disclaimer:

This publication is not an offer to sell, nor a solicitation to
purchase securities. The offer in Germany will be made exclusively by
means and on the basis of a prospectus, which has been approved by
the German Federal Financial Services Supervisory Authority
(Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) on 7 June
2006. Investors should not make an investment decision with respect
to the shares or any other securities of ItN Nanovation AG except on
the basis of the information contained in the prospectus relating to
the shares. The prospectus is published on the website of ItN
Nanovation AG under www.itn-nanovation.com and available to investors
free of charge during usual business hours at ItN Nanovation AG, at
Bayerische Hypo- und Vereinsbank AG and at COMMERZBANK
Aktiengesellschaft.

This ad hoc release is not for publication or distribution in the
United States. The material set forth herein is for informational
purposes only and is not intended, and should not be construed, as an
offer of securities for sale into the United States. The securities
of ItN Nanovation AG have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"),
or the laws of any State, and may not be offered or sold within the
United States, except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable State laws.

end of announcement euro adhoc 21.07.2006 21:06:32
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ots Originaltext: ItN Nanovation AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Andreas Kuntz
Pressesprecher
Tel.: +49 (0)681 5001 467
E-Mail: andreas.kuntz@itn-innovation.com

Branche: Technology
ISIN: DE000A0JL461
WKN: A0JL46
Börsen: Frankfurter Wertpapierbörse / admission applied: official
dealing