Press Statement

PRESS STATEMENT

Wiesbaden, December 8th 2006

P&I to take over KSL

With effect as of January 1st 2007, P&I AG will be taking over the company KSL Gesellschaft für kommunale Informationssysteme mbH in Zweibrücken. KSL is a supplier of personnel software for the public administration sector and has approx. 300 customers. All of the KSL employees will be taken over by P&I. The managing partner - Dieter Hoffmann - will serve P&I in the capacity of a consultant for a transitional period until he retires.

P&I will be reinforcing its competence in the public sector as a result of the takeover of KSL, the customers of which are municipalities and counties. With many hundreds of customers in this market segment alone, the company is already one of the leading suppliers of human resource management software and will be able to ensure the further development of BAGE2000®, the payroll accounting software of KSL.

KSL Gesellschaft für kommunale Informationssysteme mbH: KSL Gesellschaft für kommunale Informationssysteme mbH was founded in 1995: the company took over the development team of a large IT company and thus acquired the core competence for the area of human resource management in the public administration sector. The payroll accounting and information system BAGE2000® was specially designed for the public sector and generates the monthly payroll statements for numerous administrative authorities. Besides the head office in Zweibrücken, the company also has a branch office in Zwickau. Mr. Dieter Hoffmann will still be the managing partner until December 31st 2006. www.ksl.de

P&I AG: Software for human resource management P&I AG specialises in standard software solutions for human resource management - from payroll accounting and personnel management to time management and employee portals. The solutions can be utilised in all business sectors, whereby one of the major focus areas of P&I is the public sector at the federal, state and municipal levels. In the last business year, P&I achieved a turnover of €50 million with over 280 employees. The company, which has its head office in Wiesbaden, has had more than 35 years of experience. About 3,700 companies and public authorities rely on P&I solutions. P&I is stock exchange listed in the Prime Standard segment of the Frankfurt Stock Exchange. More about P&I AG on the internet: www.pi-ag.com

Press contact: P&I AG: Antje Irion Kreuzberger Ring 56 65205 Wiesbaden Tel.: +49 (0) 611 - 7147-316/-273 Fax: +49 (0) 611 - 7147-269 E-mail: [email protected]

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