Düsseldorf, 30.11.2006 - Wapme Systems AG has achieved a business volume totalling T¤ 7.630 (PY: T¤ 49.549) and an operative result (EBITDA) of T¤ -2.937 (PY: T¤ -3.671). The earnings before interest and taxes (EBIT) were T¤ -3.771 (PY: T¤ -4.773). The third quarter result could be decidedly improved compared to the previous year caused by the reorganization measures in the company even though the result of Lawa Group was extraordinarily burdened by a write-down of billing differences with the carriers already occurred in 2005. The operating expense of the group could be decreased by T¤ 1.075 compared to the comparison period, negatively influenced by the write-down of billing differences of TEUR 605. Effects of the head count reduction started in the first quarter in the administration and development sectors are reflected in significantly reduced personnel costs (T¤ 1.812; PY: T¤ 3.618). Overall the already initiated restructuring measures at Wapme Systems AG as well as its affiliates have led to an adequate cost structure for the group. This already shows in the month result for September 2006 as a nearly balanced result on the EBITDA level (T¤ -100). Particularly a definite positive development in the sales volume and revenues of Wapme Telco is denoted. This development has continued in the month of October and November. The realization of the convertible bond 2006/2011 has proven extremely complex and time consuming due to the difficult environment and business development for Wapme Systems AG. With the final issuing of these financing arrangements it is planned to complete restructuring of the company. Nevertheless an influx of further funds is necessary to ensure continuation of the company. For this reason, negotiations with banks have been started to provide the group with additional funds. However these negotiations have not been completed successfully so far. Against the background of the successful restructuring it is planned to enable the company to pursue its operative targets sustainably. The products added to the mobile entertainment range midyear launched promisingly. The partner TIM w.e., supplier of mobile solutions in Latin America, Portugal and Spain recently evaluated the Reverse Auction product as the most innovative in the area of mobile entertainment. The complete Nine-Month Report is available for download at www.wapme-group.de. The Board of Directors For further Information please contact: Wapme Systems AG Olivia Lindisch Vogelsanger Weg 80 D-40470 Düsseldorf Tel.: +49.211.74845.2710 Fax: +49.211.74845.299 E-Mail: [email protected] www.wapme-group.de --- End of Ad-hoc Message --- WKN: 549550; ISIN: DE0005495501; Index: CDAX, Prime All Share, TECH All Share; Listed: Freiverkehr in Börse Berlin Bremen, Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Stuttgart, Prime Standard in Frankfurter Wertpapierbörse, Geregelter Markt in Frankfurter Wertpapierbörse;