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TMCNet:  DGAP-Adhoc: GFT Technologies AG: GFT Technologies AG is taking over the British-based Rule Financial Limited (english)

[June 26, 2014]

DGAP-Adhoc: GFT Technologies AG: GFT Technologies AG is taking over the British-based Rule Financial Limited (english)

(dpa-AFX International Compact Via Acquire Media NewsEdge) GFT Technologies AG: GFT Technologies AG is taking over the British-based Rule Financial Limited GFT Technologies AG / Key word(s): Acquisition 26.06.2014 10:50 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG.


The issuer is solely responsible for the content of this announcement.

--------------------------------------------------------------------------- Ad-hoc disclosure pursuant to section 15 German Securities Trading Act (WpHG) 26 June 2014 GFT Technologies AG is taking over the British-based Rule Financial Limited The Supervisory Board of GFT Technologies AG ("GFT") today approved the acquisition of just under 98 per cent of the shares in Rule Financial Ltd.

with registered office in London, Great Britain, through GFT UK Ltd., a subsidiary of GFT. Certain employees of Rule Financial Ltd. and of its affiliated companies (Rule Financial Ltd. and its affiliated companies together "Rule") will keep the remaining shares for the time being. These shares will be acquired by GFT UK Ltd. by means of put and call options at the latest by the end of 2016. Both signing and closing are scheduled for today. The parties agreed to maintain secrecy about the amount of the purchase price.

Rule is a group of companies that specialises in IT services to investment banks. The range of services comprises, among others, business consulting, IT consulting and IT services. In the 2013 financial year, Rule generated turnover in the amount of GBP 48.20 million with earnings before interest, taxes, depreciation and amortization (EBITDA) of GBP 2.17 million and earnings before taxes (EBT) of GBP 1.25 million.

With the acquisition of Rule Financial Ltd., the GFT Group is expanding the range of services offered by its business division GFT, which specialises in IT solutions for the financial sector, and at the same time significantly strengthening its position among investment banks in Great Britain and the USA. As a result of the takeover, the GFT Group expects an additional turnover of around EUR 42 million in the second half of 2014.

This means that the GFT Group's turnover forecast for the 2014 financial year will increase to around EUR 352 million. The annual forecast for the EBITDA will increase by EUR 1.50 million from the current EUR 28.00 million to EUR 29.50 million, while the EBT forecast for the GFT Group will remain unchanged at EUR 23.00 million. The aforesaid forecasts are subject to the final purchase price allocation. The GFT Group's workforce will increase by approximately 660 employees in Great Britain, the USA, Canada, Poland, Costa Rica and Spain to around 3,000 employees as a result of the takeover.

Contact: Jutta Stolp Investor Relations GFT Technologies AG Filderhauptstr. 142 70599 Stuttgart T +49 711 62042-591 F +49 711 62042-301 jutta.stolp@gft.com www.gft.com --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Conference Calls for Journalists and Analysts - Conference Call (in German language) for journalists on Thursday, 26 June 2014, starting at 12:00 CET - Conference call (in English language) for analysts on Thursday, 26 June 2014, starting at 13:30 CET 26.06.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: GFT Technologies AG Filderhauptstr. 142 70599 Stuttgart Germany Phone: +49 (0)711/62042-0 Fax: +49 (0)711/62042-301 E-mail: Investor-Relations@gft.com Internet: www.gft.com ISIN: DE0005800601 WKN: 580060 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service --------------------------------------------------------------------------- Copyright dpa-AFX.

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