THE S&T S BUSINESS MODEL

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1 ANNUAL REPORT 2007

2 ABOUT S&T We improve IT! By making this claim, we are not limiting ourselves to the constant improvement of our customers value-added IT chains. For us, this also involves resolutely realizing potential for our shareholders, increasing employee satisfaction, and providing our workforce with better prospects for the future. With approximately 3,138 employees and EUR 522 million in sales in 2007, S&T is the leading provider of IT consulting, IT solutions and IT services to customers in Central and Eastern Europe, the DACH region (Germany-Austria- Switzerland), Japan and China. Counting about 70 branch offi ces in 22 countries, the Group has established a successful presence. S&T s core business is IT consulting as well as the development, rollout and operation of customized IT solutions, processes and systems. The company provides large and medium-sized enterprises with support along the entire IT value chain. S&T s target customers are active in the manufacturing, fi nancial services, trade and telecommunications sectors as well as in public administration and utilities. Headquartered in Vienna, Austria, S&T AG has been listed on the Vienna Stock Exchange since 2003.

3 THE S&T S BUSINESS MODEL S&T AG (Vienna, Austria) REGIONS Central and Eastern Europe DACH Asia Central Adriatic East Austria China Czech Republic Albania Bulgaria Germany Japan Hungary Bosnia-Herzegovina Romania Switzerland Moldova Croatia Russia Poland Macedonia Turkey Slovakia Montenegro Ukraine Serbia Slovenia INDUSTRIES Manufacturing Financial Services Trade Telecommunication / Utilities / Public Administration BUSINESS UNITS Business Solutions Managed Services Enterprise Systems

4 S&T GROUP (in EUR Million) 2007 Change 2006 Change 2005 Sales % % EBITDA % % 14.5 Profi t from operations (EBIT) % % 8.5 Profi t before tax % % 6.4 Profi t for the year / Net profi t % % 4.9 Diluted earnings per share in EUR % % 1.38 Shareholder s equity % % 37.7 Tangible equity % % 17.6 Total assets % % Net fi nancial liabilities % % 34.5 Net gearing 19.5 % 11.4 % 17.5% Net fi nancial liabilities to EBITDA % % 2.4 Employees at year-end 3,138 37% 2,295 19% 1,923 SELECTED SUCCESS STORIES IN 2007 A&D Pharma, Romania Implemented budget, planning and business intelligence solutions efficiency and productivity of internal planning systems increased Ukrainian High Technologies, Ukraine Built a WiMAX high-speed wireless data network significant boost in data transmission rate achieved Fejérvíz water and wastewater management company, Hungary Implemented an extensive SAP system for billing, logistics, administration and financial processes introduced a cutting-edge business information system, while providing top-notch support JSC Ukrtelecom, Ukraine Set up state-of-the-art data centers improved performance and expanded service portfolio XEROX Polska, Poland Won an outsourcing contract for 2000 XEROX systems enhanced service quality and reliability VVS Kosice water utility, Slovakia Rolled out a new SAP corporate information system more effective assessment of business processes, optimized quality management, more efficient profitability monitoring Sojaprotein AD, Serbia Implemented an INFOR BaanERP enterprise resource planning system more efficient recording of key performance indicators, expanded scope of business, new markets tapped State Export Import Bank Ukraine, Ukraine Upgraded IT infrastructure reduced the com plexity of legacy systems, increased performance, boosted system stability

5 General Information Consolidated Accounting policies Notes to the Consolidated TABLE OF CONTENTS 2007 Financial Year 6 Letter to the Shareholders 8 S&T Management 10 The S&T Strategy 16 The S&T Share 20 Management Report Customers and Employees 30 We Improve IT 44 The S&T Team Our Responsibility 48 Foreword by the Chairman of the Supervisory Board 51 Report of the Supervisory Board 52 Members and Comittees 54 Corporate Governance Consolidated 57 General Information 61 Consolidated 65 Accounting Policies 78 Notes to the Consolidated Service 111 Financial Glossary 112 IT Glossary 114 Our Locations 118 Index 120 Imprint 121 Financial Calendar

6 6 We Improve IT LETTER TO THE SHAREHOLDERS Ladies and Gentlemen, Distinguished Shareholders, The 2007 business year was marked by the change of our claim from We love IT to We improve IT. In other words, we made progress with our transformation of the company into an excellent service provider and consultant, while simultaneously expanding our operations. We faced major challenges in the year behind us, ranging from the IT projects we mastered with our customers, the integration of the companies we acquired in 2006 and 2007, along with their personnel and their clients, to the streamlining of our corporate structure. The hard work and dedication of our employees once again carried the day. Together, we achieved better-than-ever results, especially in the very promising business units Business Solutions and Managed Services. In doing so, we have advanced to become one of the premier IT partners to manufacturing enterprises, fi nancial service providers, trade, telcos, power utilities, and public authorities throughout Central and Eastern Europe and in the German-speaking countries. Global IT market leaders appreciate S&T as a strategic partner in these regions. A year ago, I was happy to report to you that we had just fi nished the most successful year in the history of the company. In 2007 we surpassed our record-setting results from the previous year. Our company saw fantastic peformance in the second half of the year in particular: while the third quarter was very good, the fi nal quarter of 2007 brought us to an all-time high, with sales of EUR 171 million. For the year as a whole, our sales improved by 13%, rising to EUR million. EBITDA increased 13% to more than EUR 20 million, accompanied by a 7% rise in EBIT to EUR 13 million. With these results, we have reinforced our leading position as an IT service provider and consultant in Central and Eastern Europe, and we also established a strong presence in the German-speaking countries with more than 800 employees. These achievements once again underlined our reputation as a growth company. S&T remains on track to meet the goals set forth in our Strategy Consulting and Solutions have attractive margins and will consequently continue to make very positive contributions to our business results in the future. In the business unit Enterprise Systems we are focused on achieving sustained organic growth and improving margins through concentration on high-value infrastructure projects, which also offer synergies with Managed Services and Business Solutions. We successfully carried out the integration of our largest acquisition ever, the Swiss company IMG, on schedule with the Austrian, German and Swiss teams working in close cooperation. Despite the additional fi nancial and personnel strains that accompanied this work, we were still able to boost both our sales and EBIT fi gures. Integration of the acquisitions from 2006 is now almost fully completed, allowing us to meet our objective of embracing our new acquisitions quickly.

7 2007 FINANCIAL YEAR CUSTOMERS AND EMPLOYEES OUR RESPONSIBILITY CONSOLIDATED Letter to the Shareholders S&T Management The S&T Strategy The S&T Share Management Report We improve IT S&T Team FINANCIAL STATEMENTS Foreword by the chairman of the supervisory board Report of the supervisory board Supervisory board members and committees Corporate Governance Notes Wesentliche Beteiligungen Consolidated Bilanzierungs- und Bewertungsgrundsätze Erläuterungen zum Konzernabschluss SERVICE Financial Glossary IT-Glossary Our Locations Index Imprint Financial calendar 7 As a result, the S&T share also registered a positive performance in The capital market rewarded us for our hard work. Our share price peaked in April 2007 at EUR 59.20, but from mid-september onwards, our shares were also unable to avoid the impact of the increasingly adverse conditions on the capital markets. Nonetheless, compared to other ATX Prime Equities our share price held up well, averaging EUR 46 through the end of 2007, and achieving a performance of +18% for the year. As a result, our market capitalization increased from EUR 140 million to EUR 167 million in Looking forward to 2008, we expect continued improvement in sales to between EUR 560 and EUR 580 million, as well as sustained growth in EBIT to a range of EUR 15 to 17 million. With these targets we have once again set our sights high, aiming at sales growth in excess of the market and a double-digit increase in EBIT. Within the fi eld of Managed Services we will continue to focus on the operation of IT infrastructure in close cooperation with the business units Enterprise Systems and Business Solutions. The business unit Business Solutions will be forcefully developed in our core industries on the basis of our technological know-how. We intend to achieve further organic growth as well as move forward with acquisitions, in the interests of continuing to improve our future potential. Finally, I d like to extend my deep-felt gratitude to all of our staff once again for their dedication and commitment. Sincerely yours, Christian Rosner Chief Executive Offi cer, S&T AG

8 8 We Improve IT Christian Rosner, CEO Martin Bergler, CFO

9 2007 FINANCIAL YEAR CUSTOMERS AND EMPLOYEES OUR RESPONSIBILITY CONSOLIDATED Letter to the Shareholders S&T Management The S&T Strategy The S&T Share Management Report We improve IT S&T Team FINANCIAL STATEMENTS Foreword by the chairman of the supervisory board Report of the supervisory board Supervisory board members and committees Corporate Governance Notes Wesentliche Beteiligungen Consolidated Bilanzierungs- und Bewertungsgrundsätze Erläuterungen zum Konzernabschluss SERVICE Financial Glossary IT-Glossary Our Locations Index Imprint Financial calendar 9 S&T MANAGEMENT MANAGEMENT BOARD Christian Rosner, CEO RESPONSIBILITIES Regional Management, Strategy, Business Development, M&A, Investor Relations, Corporate Communications SINCE 2006 S&T AG, CEO S&T AG, Chief Operating Offi cer 2003 EMTS Technologie AG, CEO etel Austria, CEO CWS, Managing Director Austria and Central Eastern Europe Management positions, i.a. at DEC and HP in the fi elds of sales, marketing and corporate development for Austria and Central Eastern Europe Member of the Supervisory Board of CEG IV Beteiligungs-Invest AG Member of the Supervisory Board of HTA III Beteiligungs-Invest AG Martin Bergler, CFO RESPONSIBILITIES Accounting, Controlling, Finance, HR, Legal, Internal Audit, IT SINCE 1998 S&T AG, CFO Mazda Bank Austria AG, CEO Girozentrale Vienna, Finance Specialist REGIONAL MANAGEMENT CENTRAL AND EASTERN EUROPE Christian Weiland CENTRAL Czech Republic, Hungary, Moldova, Poland, Slovakia, Ukraine Peter Sturz ADRIATIC Albania, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia, Slovenia Dan Roman EAST Bulgaria, Romania, Russia, Turkey DACH Georg Komornyik Austria, Germany, Switzerland ASIA China, Japan DIVISIONAL MANAGEMENT Björn Westra BUSINESS DEVELOPMENT Karin Scasny HUMAN RESOURCES

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11 2007 FINANCIAL YEAR CUSTOMERS AND EMPLOYEES OUR RESPONSIBILITY CONSOLIDATED Letter to the Shareholders S&T Management The S&T Strategy The S&T Share Management Report We improve IT S&T Team FINANCIAL STATEMENTS Foreword by the chairman of the supervisory board Report of the supervisory board Supervisory board members and committees Corporate Governance Notes Wesentliche Beteiligungen Consolidated Bilanzierungs- und Bewertungsgrundsätze Erläuterungen zum Konzernabschluss SERVICE Financial Glossary IT-Glossary Our Locations Index Imprint Financial calendar 11 THE S&T STRATEGY Improve Strategic IT Processes S&T is the leading growth IT fi rm in Central and Eastern Europe and in the DACH region (Germany, Austria and Switzerland). We will further reinforce this position through to 2010 with a sharper focus on IT consulting, solutions and services. With its We improve IT strategy, S&T s goal is to generate value added for clients by achieving improvements along their entire IT value-added chain. The key focus in this regard is to improve IT processes and IT infrastructure as well as effi ciently achieve change through IT consulting and IT solutions. To this end, S&T also focuses on the operation of IT infrastructure for its customers, the implementation of customized business processes and the further development of software solutions. In order to be able to provide customers with the best possible support, S&T is concentrated on three fi elds of activity: three regions, three business areas and a clear focus on specifi c core industries. Three Core Regions with Strong Growth S&T has about 70 offi ces in 22 countries in three regions Central and Eastern Europe (CEE), DACH (Germany, Austria and Switzerland) and Asia, where the company has been present since 2007 with operations in Japan and China. S&T is now the leading supplier of IT services, consulting and solutions in the Central and Eastern European countries. We see further potential primarily in the growing number of medium-sized companies in the CEE countries and the sustained fl ow of foreign direct investment into emerging markets, some 75% of which is directed from the DACH region to CEE countries. Moreover, shortages of qualifi ed personnel will force companies active in these markets to automate their procedures and IT processes. This will lead to increased demand for IT services and solutions, especially in S&T s main core industries (manufacturing, trade and fi nancial services). With its acquisitions in recent years S&T has also achieved the necessary critical mass in the DACH region. The area Business Solutions has been reorganized in the region, and competence in the fi elds of IT and SAP consulting has been strengthened. Along with large and medium-sized domestic companies, S&T s customer base also includes many multinational enterprises. The range of services has also been expanded signifi cantly, in addition to the broadening of the geographical presence in Germany, Switzerland and Asia. S&T is now one of the largest SAP consulting fi rms in Europe with over 1,200 ERP/SAP consultants. Thanks to cross-selling opportunities, this has opened up a series of new possibilities for our existing and new customers, both at the regional level and thanks to our in-depth expertise in various industry sectors. In Asia, S&T is pursuing the strategy of following the customer, i.e. S&T is moving hand in hand with its customers as they enter new markets and develop new production locations. This allows us to pursue growth opportunities in a number of directions, namely, from CEE and DACH to China and Japan, and vice-versa as well. China has the possibility of playing a key role in S&T s medium-term performance, as this country is bound to experience massive growth in the coming years, similar to the development seen in the CEE countries. Presently, S&T is involved in supporting

12 12 We Improve IT both European companies (primarily from the DACH region) and domestic Chinese companies in developing IT infrastructure, in particular in the manufacturing industry and trade. S&T s key to success is evident in all three of its core business regions: the company relies on a unique local presence and an outstanding network of contacts in all the countries where it does business. This is particularly true in the CEE countries. One of the main keys to success is local management, which is strongly rooted in the region and shares a common language with its customers. This is complemented by a unique, homogeneous range of IT services. Due in part to its eight competence centers, which make a vital contribution to customer service and know-how transfer for the local sales teams, S&T is able to roll out projects simultaneously in several countries. Concentration on Core Industries S&T provides comprehensive consulting for the implementation of IT strategies and solutions for business processes and systems for large and medium-sized enterprises, with specialized concentration on manufacturing, fi nancial services and trade. The need for IT investment in these industries is enormous. To satisfy the needs in these key economic sectors, S&T has detailed knowledge of the processes and systems as well as ready-to-roll sector-specifi c solutions which have proven themselves time and time again. Equipped with these abilities, know-how and products S&T can make a decisive contribution to enhancing the productivity of customers IT systems and business processes. Above and beyond this, S&T is also a solutions supplier for telecommunications and utilities, and as well as of public administration. S&T has achieved the necessary critical mass in terms of know-how and resources in these industries and is also able to fully exploit its unique capacity to work with superior success in a multi-national environment spanning 22 countries. Priority for Business Solutions and Managed Services For several years now, S&T has been relentlessly pursuing its strategy of transforming itself into a consulting and solutions provider and it has had great success in this undertaking. In 2007, S&T already booked 45% of sales in business with consulting and solutions. Concentration on the business units Business Solutions and Managed Services, and stable development of the business unit Enterprise Systems is intended to boost our results even more, while at the same time improving margins and ensuring S&T a strongly anchored position in our customers core processes. Our gross margin (sales less cost of materials) is a clear expression of the successful concentration on the high-margin consulting and solutions business, and increased from 28% in 2006 to roughly 34% in The share of sales generated by Enterprise Systems is stable. In this fi eld, the objective is to increase gross margins and offer higher-value services and products, with the ultimate goal of improving profi tability.

13 2007 FINANCIAL YEAR CUSTOMERS AND EMPLOYEES OUR RESPONSIBILITY CONSOLIDATED Letter to the Shareholders S&T Management The S&T Strategy The S&T Share Management Report We improve IT S&T Team FINANCIAL STATEMENTS Foreword by the chairman of the supervisory board Report of the supervisory board Supervisory board members and committees Corporate Governance Notes Wesentliche Beteiligungen Consolidated Bilanzierungs- und Bewertungsgrundsätze Erläuterungen zum Konzernabschluss SERVICE Financial Glossary IT-Glossary Our Locations Index Imprint Financial calendar 13 Within the business unit Business Solutions, S&T provides the entire spectrum of support for customers, from analysis and individual consulting to implementation and launch of complex IT projects, in line with our motto We improve IT. Often these projects involve Enterprise Resource Planning, Customer Relations Management, Business Intelligence, Data Warehousing and Documents / Content Management roll-outs, integration of Enterprise Applications and Service-Oriented Architecture (SOA). In the fi eld of Managed Services, S&T focuses on assisting its customers in servicing and optimizing IT infrastructure. Enterprise Systems includes infrastructure-dependent solutions for data centers, Information Lifecycle Management, Business Continuity/Disaster Recovery and Networking and Security Solutions. M&A Moves Forward in Line with Clear Criteria S&T s pipeline is full of interesting possible takeover targets. Several criteria have to be met for a potential acquisition candidate to arouse our interest: - The targets must be in line with the existing portfolio in both technological and geographical terms. S&T is not currently interested in further regional expansion into new countries as we wish to focus on strengthening our presence in the existing markets and building up these market shares. - The company must exhibit a certain minimum size (sales, employees) in order to be interesting as an acquisition target for S&T. - The company s business model must be a fi t. The focus is on companies which are active in the fi elds of Business Solutions and/or Managed Services as well as those which do business in our core industries. - It must be possible to conclude the integration of the acquisition quickly. This helps us to limit the personnel and fi nancial expenses involved in the acquisition and enables ROI to be achieved more quickly. Moreover, this facilitates strategic cooperation to a great degree. Strategy Opens up Vast Potential for Growth S&T is pursuing a medium-term strategy, and by 2010 sales are targeted to reach EUR 750 million and the EBIT margin to reach at least 5%. This growth is to be achieved by both organic means and focused acquisitions, backed by capital measures. The following factors highlight the promising outlook for Strategy 2010+: - S&T does business in markets characterized by robust growth. This holds true both for the prospects for the IT industry and for the geographic markets where the company is active. IT is becoming an increasingly vital aspect of companies competitive efforts. S&T stands to benefi t greatly as IT spending for high-quality software and service solution rises, particularly in the CEE region. - S&T has a well-defi ned portfolio of customers and industries. Clear concentration on high-value sectors and target industries is crucial for building long-term success. S&T s sales and service strategy also focuses on mid-sized multi nationals and smaller large enterprises. - S&T nurtures numerous strategic partnerships with leading technology producers, including Cisco, HP, IBM, Microsoft, Oracle and SAP. Plans call for more strategic partnerships in specifi c industries aimed to further perfect the range of services.

14 14 We Improve IT - S&T intends to fully exploit its existing expertise in specifi c industries, to optimize its resource management and to leverage synergies from past acquisitions. - S&T s business is marked by an extremely stable risk structure. The company has low USD currency exposure, interest rates on external capital are modest and no single customer accounts for more than 4% of sales. - Political developments have a limited impact on S&T s business activities thanks to the broad geographical diversifi cation. Even though S&T is growing very quickly, the main focus is not limited exclusively to pursuing expansion. The ultimate goal is ensure quality and sustainable growth over the medium run. And S&T is well prepared to achieve precisely what it has set out to do.

15 2007 FINANCIAL YEAR CUSTOMERS AND EMPLOYEES OUR RESPONSIBILITY CONSOLIDATED Letter to the Shareholders S&T Management The S&T Strategy The S&T Share Management Report We improve IT S&T Team FINANCIAL STATEMENTS Foreword by the chairman of the supervisory board Report of the supervisory board Supervisory board members and committees Corporate Governance Notes Wesentliche Beteiligungen Consolidated Bilanzierungs- und Bewertungsgrundsätze Erläuterungen zum Konzernabschluss S&T S BUSINESS DEVELOPMENT SERVICE Financial Glossary IT-Glossary Our Locations Index Imprint Financial calendar 15 SALES (in EUR Million) EBITDA (in EUR Million) EBIT (in EUR Million)

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17 2007 FINANCIAL YEAR CUSTOMERS AND EMPLOYEES OUR RESPONSIBILITY CONSOLIDATED Letter to the Shareholders S&T Management The S&T Strategy The S&T Share Management Report We improve IT S&T Team FINANCIAL STATEMENTS Foreword by the chairman of the supervisory board Report of the supervisory board Supervisory board members and committees Corporate Governance Notes Wesentliche Beteiligungen Consolidated Bilanzierungs- und Bewertungsgrundsätze Erläuterungen zum Konzernabschluss SERVICE Financial Glossary IT-Glossary Our Locations Index Imprint Financial calendar 17 THE S&T SHARE The transformation of S&T into a consulting and solutions provider was also refl ected in the performance of the S&T share in The business model was well received by the capital markets, and new investors were attracted by our Strategy Equity Market Developments in 2007 Strongly contrasting trends were recorded on the equity markets in During the fi rst half of the year, the ATX stormed higher, setting new records at levels over 4,500. Share prices were driven by the good valuations and the positive earnings trend, as well as speculation about M&A activity. Equity markets in the USA and Japan were unable to keep up with the speed of these developments. Germany s leading DAX index outpaced the ATX with a surge of 21%, borne by full order books in German industry and booming exports. In early July 2007, however, sentiment shifted as the leading European exchanges began to slip lower, dragging the performance of the ATX in Vienna along with them. Major central banks countered by pumping in additional liquidity and lowering interest rates, which calmed the markets in September and October. Signs of weaker corporate results grew acute again in November and December 2007, and write-downs by major investment banks on mortgages and loans were higher than expected. On the whole, in 2007 the Dow Jones posted a gain of 6% and the DAX rose by 21%, while Japan s Nikkei index dropped 12%. The ATX closed 1% lower compared to the previous year. S&T Share up 18% in 2007 S&T shares gained additional momentum in early 2007, seamlessly moving forward on the strong upward trend from 2006 when they closed at EUR By mid-february 2007, the share price had advanced to EUR 51, posting a gain of 30%. The key to this performance was the takeover of IMG in early January. The price of the S&T s share hit its all-time high on April 2, 2007 at EUR This rise in the share price was backed by the company s excellent 2006 results which were released at the end of March and featured double-digit growth in sales and earnings. With this all-time high, S&T s market capitalization peaked at its highest level since the company was founded, reaching more than EUR 211 million. From the company s perspective this was a reasonable valuation, which strategic investors still found attractive. Despite the sustained negative impact of the US sub-prime lending crisis on the capital markets, S&T s share price settled in at over EUR 50. As a result, the S&T share recorded a gain of 31% from the start of the year until November 16, At that point, however, a strong downtrend set in, driven by increasingly volatile capital markets and steadily mounting write-downs by international insurers and investment banks. The share closed the year at EUR 46.50, representing market capitalization of EUR 167 million. This is equivalent to a gain of 18% compared to the previous year.

18 18 We Improve IT SHARE PRICE DEVELOPMENT (SINCE 2004) 2004 (=100%) March 20, % 800% 700% 600% 500% 400% 300% 200% 100% 0% S&T Share DAX DOW Jones ATX One very positive factor behind this performance was the positive outlook for fi scal 2008 and the prospective development of the IT markets in S&T s core regions, which the company published in early December. Developments on the international capital markets remained very turbulent in early Bad news on the US economy undermined confi dence on the Asian markets and resulted in a steady downtrend on the European exchanges as well. By early March 2008, the DAX had slipped to 6,800 points, falling well below the 7,000 level, and the ATX had sunk below the 4,000 mark, dropping to 3,860 points. The S&T share weathered these diffi cult conditions well. On March 20, 2008, the S&T share closed trading at EUR 39.05, corresponding to a market capitalization of EUR 140 million. KEY DATA ON S&T SHARES Diluted earnings per share in EUR Market capitalization year-end in EUR million Number of shares year-end 3,585,017 3,568,655 3,568,655 Stock price year-end in EUR High in EUR Low in EUR Free fl oat 46% 56% 57%

19 2007 FINANCIAL YEAR CUSTOMERS AND EMPLOYEES OUR RESPONSIBILITY CONSOLIDATED Letter to the Shareholders S&T Management The S&T Strategy The S&T Share Management Report We improve IT S&T Team FINANCIAL STATEMENTS Foreword by the chairman of the supervisory board Report of the supervisory board Supervisory board members and committees Corporate Governance Notes Wesentliche Beteiligungen Consolidated Bilanzierungs- und Bewertungsgrundsätze Erläuterungen zum Konzernabschluss SERVICE Financial Glossary IT-Glossary Our Locations Index Imprint Financial calendar 19 Intensive Communications with Investors Vital Proactive investor relations work is crucial, particularly when capital markets are volatile and risk aversion is on the rise. Investors and analysts must be continuously informed regarding the company s strategic decision-making and the current business developments. Events and meetings with analysts and fund managers in the German-speaking capital markets, the UK and Eastern Europe aim to highlight the attractive investment potential of S&T shares and to bring potential investors on board. Institutional investors, journalists and private shareholders are all informed simultaneously regarding ongoing business developments at S&T. Comprehensive information on S&T s shares and the business strategy can be found at on the Internet. From the perspective of investor relations, 2008 promises to be an extremely challenging year. S&T will continue to broaden its supply of information to its shareholders and place additional emphasis on launching new, expanded coverage. In October 2007, S&T took 3 rd place in the Austrian 2007 Small Cap Stock Market Awards. Main Shareholders Increase Stakes 46% Free Float S&T AG owns 3,585,017 common shares. There are no preferred shares or limitations on the common shares. Mr. Thomas Streimelweger, an S&T co-founder, and the companies affi liated with him hold some 28% (2006: 25.77%), while the AvW Group holds approximately 26% (2006: 20.17%). As a result, about 46% of the shares in S&T are widely held (2006: 54%). SHAREHOLDER STRUCTURE (Update March 2008, as reported to the company) ~28% Thomas Streimelweger 46% Free fl oat ~26% AvW Invest AG We launched an ADR Level I Program with The Bank of New York Mellon in March S&T is listed on the Prime Market of the Vienna Stock Exchange: ISIN: AT Number of shares: 3,585,017 Xetra Vienna: SNT Reuters: SNTS.VI Bloomberg: SNT AV US Trading Symbol: STSQY Analysts covering S&T AG: Erste Bank: Daniel Lion Sal. Oppenheim: Peter Szopo WestLB: Jonathan Crozier Raiffeisen Centrobank: Daniel Damaska

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