EANS-Adhoc: Hoeft & Wessel: Reorientation leads to substantial streamlining

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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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Company Information

23.05.2012

- Improved product portfolio for ticketing, parking and mobile
solutions - Hoeft & Wessel plans to show even more customer focus

Hannover, 23/05/2012. The Hoeft & Wessel Group has now laid down the
details of its initiated reorientation. Following a substantial
streamlining of the company with new, simplified management
structures as well as an improved and tried-and-tested product and
system portfolio, the organisation will show even more customer focus
under its Hoeft & Wessel brand name. At the parent company, Hoeft &
Wessel AG, the two business divisions based in Hannover, namely
ticketing systems and mobile solutions, will be consolidated. As a
result, the fragmentation that has occurred in recent years will be
corrected. Externally, these divisions will be represented by the
corporate brand Hoeft & Wessel.

With its new, uniform presence, its good market positioning for
ticketing systems and mobile solutions is to be further extended in
Europe as well as in selected countries across the globe.

This also applies to the leading international position of the
British Metric subsidiary, whose business development within the
Group is to be further enhanced. The objective is an extension of its
sales of car park terminals both in its home market, the United
Kingdom, and internationally via partner organisations.

On the whole, the group of companies, which perceives itself as a
leading IT hardware and software specialist for ticketing, parking
and mobile systems, will intensify its special expertise in the field
of individually customised solutions even further.

Following an unexpectedly poor business trend in 2011, Hoeft & Wessel
had initiated an extensive reorientation. At the beginning of the
year, Michael Hoeft, one of the Company's founders and the majority
shareholder, took over as CEO and commenced with the strategic
repositioning. Within the scope of restructuring the business
divisions, up to 90 jobs will be cut at the Hannover Head Office. In
the process, the internal structures will be considerably simplified
and once again geared more strongly to customers' needs.

The leadership structures will also be streamlined. The Board of
Management will be downsized from two to one person, with Michael
Hoeft being the sole member of Management. Thomas Wolf, the past
second member of the Board of Management, will remain part of the
Company and will be taking over the newly created central function as
Head of Sales.

A Chief Restructuring Officer is planned to be temporarily appointed
to assist Michael Hoeft in bringing about a consistent reorientation
of the Company. The internal restructuring is to be concluded by the
end of this year. The CEO expects initial positive effects for
business trends arising from the initiated reorientation to emerge as
early as 2013.

In order to be able to incorporate the details now unfolding on
expenses of restructuring measures in the future planning activities,
the publication of the Annual Report 2011 and of the Quarterly Report
for 2012 has been postponed to 19 July 2012 and the date for the
Annual General Meeting to 30 July 2012.

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: PR@hoeft-wessel.com

end of announcement euro adhoc
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issuer: Höft & Wessel AG
Rotenburger Str. 20
D-30659 Hannover
phone: +49-511-6102-0
FAX: +49-511-6102-411
mail: ir@hoeft-wessel.com
WWW: http://www.hoeft-wessel.com
sector: Technology
ISIN: DE0006011000
indexes: Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English