+++ Emission of subscription right to secure liquidity +++ capital reduction planned +++

Düsseldorf, 16.6.2006 - The Managing Board of Wapme Systems AG with the approval of the Supervisory Board and based on the authorisations issued by the General Meetings on 28.08.2003, 31.08.2004, 15.03.2005, 30.08.2005 and 30.03.2006 resolved to issue a convertible bond with a nominal amount of up to EUR 2.100.000. The convertible bond can be converted up to 2.100.000 shares with a duration of 5 years.

The convertible bond 2006/2011 will be offered to Wapme System's shareholders in the ratio 6,75:1, priced EUR 2,-- each, i.e. 6.75 shares are entitled to draw one convertible bond whereas top amounts are excluded from subscription right. The nominal value of partial bond is EUR 1,--. The subscription period starts on June 21 2006 and will end on July 4 2006. The convertible bond will not earn interest.

The conversion ratio amounts to 1:1 , i.e. one partial bond with the option for conversion at a par value of EUR 1.00 can be converted into one share. In order to make the purchase of the convertible and the subsequent conversion attractive the Managing Board with the approval of the Supervisory Board decided to propose a simplified capital reduction for recapitalisation purposes. By pooling shares the capital reduction provides for a rate of depreciation of 10:1.

Partial bonds not obtained by shareholders will be offered subsequently to Institutional Investors at the same rates (private placement) by VEM Akienbank, Munich which will be attending the issue. Total revenue out of the emission will amount to EUR 4.2 in case of full placement.

The convertible bond is intended for free trade at a German stock exchange.

After duration on July 4 2011, partial bonds will be amortised at their purchasing price, unless they have not been converted beforehand. The Wapme Systems AG ist entitled to claim the enforcement of a manadatory conversion into shares if subscription rights for more than a 80% of the issued convertible bonds had been exercised.

With respect to the details on the bond and respective terms and conditions interesed parties are referred to the rights offer which will be available starting from June 21 2006 on the company's website (www.wapme-group.de).

The date of the General Meeting will be announced short-term. Invitations and agenda items will be published on the due date.

With the issue of the convertible bond the Managing Board is planning to accomplish its prior objective to secure liquidity up to Break Even in the third quarter on a monthly basis.

About Wapme Systems AG. Wapme Systems AG is a provider of mobile complete solutions operating with its Swiss subsidiary, the Lawa Group, in the area of Mobile Marketing and Mobile Entertainment. Founded in 1996 the company is listed since July 5th 2000. Board of Directors consists of Achim Rottschäfer and Oswald Ortiz.

Wapme Systems AG - The value for mobile Internet Communications im Prime Standard. ISIN: DE 0005495501 // WKN: 549550 // Reuters: wpmg.f

For more 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;