Post balance sheet events

Acquisition of Innomed shares

With the fulfilment of the agreed conditions precedent in the purchase contract concluded on 17 November 2009, CompuGROUP CEE GmbH will acquire 70.3 percent of the shares in Innomed Gesellschaft für medizinische Softwareanwendungen GmbH, Wiener Neudorf for EUR 9.3 million. Innomed has 2,500 doctors among its users in Austria and achieved sales of EUR 4.6 million in 2009, EUR 3.1 million of which were due for long term software maintenance and annual licence income. CompuGROUP expects to be able to carry out the first consolidation of Innomed in April 2010.

The outstanding 29.7 percent of the shares continued to be held by the previous owners. However, CompuGROUP CEE has secured the option to acquire all the shares after 1 January 2013 at conditions that have already been set. The equity of this company was EUR 0.3 million on 1 January 2010.

Disposal of medicine

On 1 January 2010 CompuGROUP Beteiligungsgesellschaft mbH parted from its 100 percent holding in medi cine medienproduktions GmbH, Mainz (CHS segment). The main focus of the company is offering film and TV productions including distribution of medicine journalism services in the TV sector. The sales price was EUR 1. In addition, it was agreed that the purchaser and medi cine, as joint and several debtors, are obliged to pay a total amount of EUR 0.3 million from profits for the 2010 financial year up to the 2015 financial year inclusive as participation in profits.

TEPE arbitration proceedings

On 9 February 2010 the international arbitration tribunal formally confirmed the legitimacy of the proceedings. The amount in dispute (the Group is suing TEPE TEK, Meteksan and Bilkent - current proceedings) is about EUR 17 million. A decision is expected in March 2011.