29.4.2005 | Austria

S&T: Results of the Annual General Meeting on 28 April 2005

Nine out of ten resolutions were unanimously adopted at the 14th Annual General Meeting of S&T System Integration & Technology Distribution AG. Karl Nigl was elected to the Supervisory Board, whilst Wolfgang Auer von Welsbach resigned from the Supervisory Board of S&T as of 28 April 2005.
The resolutions concerning the Annual Financial Statements for 2004, the appropriation of earnings, the ratification of the acts of the managing supervisory boards, the appointment of the auditor, the authorisation of the Management Board to purchase and sell own shares, the setting of remuneration for members of the Supervisory Board and changes to the composition of the Supervisory Board were unanimously adopted.

The suggestion put forward by a shareholder which had been included on the agenda, "Amendment of the Articles of Association by the Addition of a new Clause XII" (exclusion of the discount for mandatory offers) did not receive a
majority.

Wolfgang Auer von Welsbach resigned from the Supervisory Board as of 28 April
2005. East European expert Karl Nigl was voted onto the Supervisory Board
unanimously and with no abstentions.

Approximately 38% of the share capital of S&T AG was represented at the Annual
General Meeting held on 28 April 2005 in Vienna.

The agenda and results of the Annual General Meeting have been published on
the company's website www.snt.at under Investor Relations.
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