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10TACLE STUDIOS AG prepares for IPO

The objective being a General Standard listing at the Frankfurt Stock Exchange

Darmstadt, 9th Mai 2006 - 10TACLE STUDIOS AG, one of the leading independent development and production companies of high-end computer and video games in Europe, plans to have its shares admitted to stock exchange trading on the Regulated Market (General Standard) at the Frankfurt Stock Exchange and has submitted a prospectus to the BAFin (Federal Financial Supervisory Authority) to audit and approve it. As regards the IPO it is the objective to obtain additional capital of up to 20 million euros through a capital increase to finance the further growth of the company.

With a turnover of 17.6 million euros in the business year ended, 10TACLE STUDIOS AG was able to more than double its result of the previous year (2004: 8.4 million euros). In 2005, the EBIT increased by approximately 362% to 1,684 TEUR compared to the same period of time the year before (2004: 364 TEUR). Also for the current business year of 2006, the management of 10TACLE STUDIOS AG is expecting a clear two-digit (in percent) increase in turnover and income.

In the run-up to the IPO a capital increase was effected to which Munich Venture Partners (MVP) contributed amongst others through their fund established in collaboration with the Fraunhofer Gesellschaft. This strategic partnership grants 10TACLE STUDIOS AG access to the technological potential of Fraunhofer Institutes. Thanks to the size of order amounting to 20 million euros the 10TACLE STUDIOS group has made sure that their development studios will be constantly busy and thus develop all new products for Next-Generation consoles.

"We have a fabulous team of experts in management and also in the development studios. The IPO is supposed to further consolidate our market position and make possible additional investments into technology and the continuation of the international expansion of 10TACLE STUDIOS AG. The stock market quotation which is aimed at clearly makes us stand out from smaller growth companies and highlights the stability of our business model. We will very soon reveal more details on the IPO", explains Michele Pes, CEO and founder of 10TACLE STUDIOS AG.

The projected IPO is conducted by Lang & Schwarz Wertpapierhandel AG as Lead Manager and Sole Bookrunner. This transaction is supported by the banking house M.M. Warburg & CO as regards the placement with institutions, Blue Corporate Finance GmbH & CO KG as IPO-adviser and the law firm Holme Roberts & Owen as legal advisers.


10TACLE STUDIOS AG ( is one of the leading independent development and production companies of high-end computer and video games (games) in Europe. Founded in August 2003, the company has pushed to become even more international and presently owns six development studios in Europe and Asia. More than 180 employees work for the company at its locations in Darmstadt, Hanover, London, Charleroi, Bratislava and Singapore. With its product portfolio, 10TACLE STUDIOS AG covers all relevant segments of growth of the games market and meets the high development standards of the market leaders in publishing.



Andreas Lang
Goebelstr. 21
64293 Darmstadt


Tel: +49 (0)6151-3973841
Fax: +49 (0)6151-3973810

This press release is neither an offer to acquire shares of the company nor a call to make a bid to the company to acquire shares in the company. A bid is only made with the help and on the basis of a prospectus to be compiled and published by the company in connection with the IPO and approved by the BAFin (Federal Financial Supervisory Authority). This prospectus is to be published on the company's website A paper version will be made available free of charge by the issuing bank and the company. This document contains forecasts on future developments which are based on present assessments by the management. Words such as "anticipate", "assume", "suppose", "believe", "estimate", "expect", "intend", "can/could", "plan", "project", "should" and similar terms characterise such forecasts. Such forecasts are subject to certain risks and uncertainties. Neither have we the intention of and nor will we undertake the obligation to continuously update forecasts as these exclusively take into account the circumstances on the day of publication.

This press release and all of the information contained herein is not meant for dissemination in the United States of America (U.S.A.) or within the U.S.A. and must not be passed on to "U.S. persons" (as defined in Regulation S of the U.S. Securities Act of 1933 in the respective valid version ("Securities Act") and neither to publications intended for general dissemination in the U.S.A. This press release is neither an offer nor a call to purchase securities in the U.S.A.

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