DGAP-Adhoc: AC-Service AG Restructures its Corporate Financing

AC-Service AG / Capital Reorganisation

24.06.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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AC-Service AG Restructures its Corporate Financing

New long-term credit agreements signed / Existing acquisition financing
from 2006 fully repaid / Major investments in further growth within the
German-language SAP midmarket segment can be made as planned

Stuttgart, 24 June 2008 – In line with its corporate planning, AC-Service
AG has concluded the realignment of its debt-financing strategy as
scheduled. The strategy calls for continuing to move forward along the
dynamic and robust growth path in the SAP midmarket segment where German is
spoken.

The company’s Supervisory Board granted its approval to two long-term,
growth credit agreements with the two financing partners Dresdner Bank AG,
Frankfurt, and Landesbank Baden Württemberg, Stuttgart. The volume of the
two agreements totals EUR 9 million. Additional short-term lines of credit
were also signed. The terms of the two agreements expire in June 2012 and
June 2013 respectively. The repayment instalments were geared to the
corporate budget.

With that, the acquisition financing in an original amount of EUR 15.5
million provided by the Dresdner Bank in February 2006 as part of
AC-Service AG’s takeover of All for One Systemhaus GmbH Midmarket
Solutions, which as at 31 December 2007 was valued at EUR 11 million after
having made regular repayments, is completely repaid.

This newly structured corporate financing will ensure that the investments
in new data centers and the further integration of the corporate segments
can be made, which in turn form the basis for further growth and increased
profitability.

Additional information available at www.ac-service.com/english

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Information and Explaination of the Issuer to this News:

Background Information on AC-Service AG
Operating primarily in Germany, Austria and Switzerland, AC-Service is an
industry focussed IT full service provider for the mid-sized business
market. Market observers rank AC-Service among the leading companies
serving the German-language market for SAP. AC-Service AG features a number
of established brands including AC, All for One, Process Partner and KWP.
Originating in Switzerland, the AC-Group has been operating for over 45
years, offers a sustainable track record and serves over 1,000 clients.
With wide-ranging expertise in the whole of the IT value chain, AC
implements integral solutions providing SAP licenses and software
maintenance, industry solutions, business consulting, business
intelligence, managed services on a »leading edge technology« basis, human
capital management as well as HR business process outsourcing. With its
outstanding service culture and extensive industry know-how, the AC-Group
makes claim to a quality leadership with excellent customer satisfaction
and service quality. AC-Service pursues a clear growth strategy and expects
sales of around EUR 82 million to 85 million in 2008 without the ACCURAT
division (»discontinued operations«). AC-Service AG is listed in the Prime
Standard segment of the Frankfurt Stock Exchange (ISIN DE0005110001, WKN
511 000) and is a subsidiary of BEKO HOLDING AG, which owns approximately
55% of its stock.

www.ac-service.com/english



Contact:
AC-Service AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, eMail
dirk.sonntag@de.ac-service.com


DGAP 24.06.2008 
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Language:     English
Issuer:       AC-Service AG
              Schockenriedstr. 7
              70565 Stuttgart
              Deutschland
Phone:        07 11-7 88 07-260
Fax:          07 11-7 88 07-222
E-mail:       info@de.ac-service.com
Internet:     www.ac-service.com
ISIN:         DE0005110001
WKN:          511000
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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