DGAP-News: Drillisch AG: Respond to unfounded market rumours

 | Source: EQS Group AG EQS Group AG 

Drillisch AG / Statement/Miscellaneous

26.09.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Drillisch AG: Respond to unfounded market rumours 

Maintal, 26. September 2008 - The mobile-communications service provider
Drillisch (ISIN DE 0005545503) wishes to make the following statement.

We have become aware of the following damaging rumours 

 1. The bank loans used to finance the freenet stake have been called by
    the lending banks.

 2. The financing of the freenet stake is influenced by the decline of the
    freenet share price and there are existing margin calls

 3. Drillisch is threatened with a one-way put option in freenet shares
    from United Internet to purchase freenet shares at a price well above
    current market prices.

 4. The operating business of Drillisch AG is not performing according to
    our previous guidance for 2008.



Drillisch comments on these points herewith

 1. The loans have not been called and there is no intention to cancel the
    loans. The Drillisch Group has a sound financing structure, which, if
    not extended, entails repayment in 2011. We have a long-lasting
    and trustful relationship with our banks.

 2. The whole financing is based on our EBITDA development and is not based
    on freenet’s share price. There is no margin obligation to these loans.

 3. We adressed this rumour on April 2008. The exercise of the call and put
    options for the investment in MSP holding is dependent on a number of
    conditions. These conditions are not fulfilled under the current
    circumstances.

 4. The board confirms the 2008 guidance of EBITDA 40 million Euro and 2.35
    million subscribers.


Maintal, 26. September 2008

Drillisch AG
Executive Board

Oliver Keil 
Head of Investor Relations
Drillisch AG

E-Mail: ir@drillisch.de 


DGAP 26.09.2008 
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Language:     English
Issuer:       Drillisch AG
              Wilhelm-Röntgen-Straße 1-5
              63477 Maintal
              Deutschland
Phone:        +49 (0)6181 412 200
Fax:          +49 (0)6181 412 183
E-mail:       ir@drillisch.de
Internet:     www.drillisch.de
ISIN:         DE0005545503
WKN:          554550
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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