Munich, 24.08.2005 - COMPUTERLINKS AG increased group turnover in the fi rs t half of 2005 by 14.0% to 111.8 million Euro (1st half of 2004: 98.0 million Euro). Gross margins stood at 17.1% after 6 months of the current financial year. Compared to 17.7% in the 1 st quarter of 2005 group margins fell in the 2 nd quarter of 2005 to 16.5% as a result of competitive pressure. EBITDA* (earnings before interest, taxes, depreciation and amortisation) rose in the 1 st half of 2005 to 5.4 million Euro compared to 5.2 million Euro in the 1 st half of 2004. The strengthening of the USD against the Euro resulted in foreign currency losses of 0.6 million Euro in the 1 st half of 2005 (1 st half of 2004: foreign currency gains of 0.3 million Euro). The net income for the period was therefore reduced from 3.2 million Euro in the 1 st half of 2004 to 2.8 million Euro in the 1 st half of 2005. This corresponds to earnings per share of 0.46 Euro compared to 0.54 Euro in the fi rs t six months of the previous year.

We have set up COMPUTERLINKS North America Inc. based in Austin , Texas , as a 100 % subsidiary of COMPUTERLINKS AG. Our newly formed company employs 6 staff and is starting with the distrib ut ion of products of the manufacture rs Crossbeam, ActivCard, Clea rs wift and Zultys. The North American market represents for us significant potential for growth. Conve rs ations with custome rs and manufacture rs indicate that there is strong demand for the products and services we offer. Our plans are supported by the manufacture rs , since they can achieve higher growth rates with an indirect business model.

Group turnover in the 2 nd quarter of 2005 rose by 24.0% to 60.2 million Euro compared to the 2 nd quarter of 2004. Reduced gross margins in the 2 nd quarter of 2005 led to EBITDA* (earnings before interest, taxes, depreciation and amortisation) of 2.4 million Euro compared to 2.7 million Euro in the same quarter of the previous year. Taking into account foreign currency losses in the 2 nd quarter of 2005 of 0.4 million Euro (2 nd quarter of 2004: foreign currency gains of 0.1 million Euro) the net income for the period in the 2 nd quarter of 2005 was 1.2 million Euro (2 nd quarter of 2004: 1.7 million Euro). This resulted in earnings per share of 0.19 million Euro in the 2 nd quarter of 2005 (same quarter in the previous year: 0.29 Euro).

The 100% acquisition of the Scandinavian Securesoft Group took effect as of 1 st May 2005 . The Securesoft Group achieved turnover of 7.3 million Euro, EBITDA (earnings before interest, taxes, depreciation and amortisation) of 0.45 million Euro and a result after tax of 0.3 million Euro in the months of May and June 2005.

Stephan Link, founder and CEO of COMPUTERLINKS AG commented: “The acquisition of the Securesoft Group in the 2 nd quarter of 2005 saw the successful realisation of a significant milestone along the path of European market expansion. The launching of our value added distribution model in North America promises growth rates comparable to those of the European market.”

Results at a glance (in million Euro)

** The percentage changes are based on values which have not been rounded off

* Unlike the previous classification foreign currency gains/losses are shown after the net interest result and are no longer facto rs influencing earnings before interest, taxes, depreciation and amortisation.