Adhoc Statement

Kahl am Main, November 01., 2007, The SINGULUS TECHNOLOGIES Aktiengesellschaft (SINGULUS), Kahl am Main (ISIN DE0007238909) and the HamaTech AG (HAMATECH), Sternenfels (ISIN DE0007309007) agreed upon the merger of the HamaTech AG to the SINGULUS TECHNOLOGIES Aktiengesellschaft und the share exchange ratio by approval of both Supervisory Boards. Accordingly, the shareholders of the HamaTech AG will receive two Singulus shares for nine HamaTech shares.
To determine an appropriate share exchange ratio the two companies performed valuations of the companies supported by the experts of Dr. Ebner, Dr. Stolz & Partner GmbH, Auditors, Tax Consultants, Stuttgart. Pursuant to the discounted cash flow method the companies’ values amounted to € 2.23 per HamaTech share and € 10.44 per Singulus share.

According to the merger expert Warth & Klein Wirtschaftsprüfungsgesellschaft mbH, Dusseldorf, chosen and appointed by court, the proposed share exchange ratio of two Singulus shares for nine HamaTech shares is appropriate. The merger agreement is scheduled to be approved by an extraordinary shareholder meeting of the HamaTech AG in December 2007. Since the SINGULUS TECHNOLOGIES Aktiengesellschaft holds more than 90 % of the nominal capital of the HamaTech AG, an approval resolution by the Annual General Meeting of the SINGULUS TECHNOLOGIES Aktiengesellschaft regarding the merger agreement is not required pursuant to § 62 UmwG, unless shareholders of the SINGULUS TECHNOLOGIES Aktiengesellschaft in total representing more than 5 % of the nominal capital request such resolution.

Important legal information:
Performing a company valuation pursuant to the discounted cash flow method is a very complex matter, which can neither be appreciated by analyzing the individual steps nor described exhaustively in a summary. The valuation efforts, which the Executive Board of the companies involved performed with the support of Dr. Ebner, Dr. Stolz & Partner GmbH Auditors, Tax Consultants, Stuttgart, are not suitable for determining a reliable future earnings trend or for current valuations, which can be derived from different valuation methods. These results can be significantly above or below the figures reported in this ad hoc announcement. The valuations are based on various assessments and assumptions with respect to sector trends, the overall economic environment, the competitive landscape, the market conditions, as well as the economic and financial framework conditions, which are mainly beyond the scope of control of the company as well as assessments and assumptions with respect to 'risk-free interest rate’, ‘beta factor’, ’market risk premium’ and ‘typical personal income tax on dividends’, ‘payout ratio’, ‘gearing’ and ‘terminal value’, which are all based on making discretionary decisions on part of the Executive Board. Additional information regarding the determination of the company values will be included in the merger report and the merger audit report.

This ad hoc announcement contains future-oriented statements. These future-oriented statements are based on current expectations and forecasts by the Executive Board of the SINGULUS TECHNOLOGIES Aktiengesellschaft with regards to future results without assumption of the obligation to communicate updated expectations and forecasts. Due to risks or inaccurate assumptions the actual results can differ substantially from the future-oriented data. The assumptions, which could be subject to substantial deviations due to unforeseeable developments, amongst others are inclusive, but not exclusively;  the demand for our products and services, the competitive situation, the development, the penetration as well as the technologic capabilities of the HD-DVD and Blu-ray technology and their prices, the development, penetration and prices of alternative storage media, timely availability of required external pre-services and –products, the ability to strengthen and expand existing customer relationships and to develop new customer relationships as well as the availability of sufficiently qualified and trained staff.
Neither the HamaTech AG nor the SINGULUS TECHNOLOGIES Aktiengesellschaft assume any obligation to adjust such future-oriented statements or to update them to future events and trends.

No forecasts or assumptions regarding the future development of the stock prices of the shares of the HamaTech AG or the SINGULUS TECHNOLOGIES Aktiengesellschaft are made by the publication of the determined company values.


SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890

For further information please contact:
Bernhard Krause, Corporate Communications, Tel.: + 49 1709202924