Public purchase offer to klickTel shareholders

Munich, May 5, 2008 – Today telegate AG announces a voluntary public takeover bid for all shares in klickTel AG (ISIN: DE000A0JJ3E1 / German Securities Number: A0J J3E). The takeover bid is made in form of a cash consideration of Euro 7.80 per share and is addressed to all shareholders of the company. The acceptance period begins on May 7, 2008 and ends on June 12, 2008 at 4.00 pm (MEST).

As of reporting date, April 30, 2008 telegate AG holds 93,4 percent of the share capital – and is hence majority shareholder – of klickTel AG.

The price of the takeover bid includes a premium of 4,7 percent on the closing price of the last trading day on the stock exchange (off-floor trading XETRA) prior to publication of the takeover of the majority of shares by telegate AG on February 19, 2008. This equals a premium of 21,5 percent in relation to the unweighted average price over the last 6 months prior to the announcement of the takeover of the majority of shares. In consideration of this premium and the low liquidity of trading with klickTel shares over the last few months, telegate is convinced that the shareholders of klickTel AG are getting an attractive price for their shares.

The takeover of klickTel AG by telegate AG sees the formation of Germany's leading alternative "Local Search" provider. Taken together the two companies hold a market share of around 15 percent in Germany's directory assistance and industry queries and employ around 400 sales experts making it one of Germany's biggest nationwide sales organizations specializing in small and medium-sized companies.

Press contact:

Claudia Strixner
Head of Public Relations
telegate AG
Fraunhofer Strasse 12a 
82152 München-Martinsried
Phone: ++49 (0)89/8954-1188 
Fax: ++49 (0)89/ 8954-1189
e-mail: presse@telegate.com