DEVIL AG / IPO/Capital Increase

14.05.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Braunschweig, May 14, 2008 – DEVIL AG, a market-leading IT distributor in
Germany, is reviewing alternative financing options instead of its planned
IPO after the end of the subscription period for up to 2,500,000 new bearer
shares. Despite the current difficult IPO market interested investors
subscribed for approx. half of the offered shares. However, in the opinion
of DEVIL AG’s management and shareholders, the resulting proceeds from the
issue would not have been sufficient to execute the company’s M&A strategy
to the planned extent. As a result, the parties have agreed together with
the issuing bank to initially review additional financing options and to
postpone a potential IPO to a later date.

(End of ad hoc disclosure)

Disclaimer 
'This disclosure and all information contained within may not be delivered
or transmitted within the United States or to US Persons (as according to
Regulation S of the Securities Act of 1933, and thus including legal
entities). It is also not intended for distribution or transmission by
general circulation publications within the United States. Any breach of
this limitation may substantiate a violation against United States
securities laws. Shares of DEVIL AG are not and will not be registered
under US Securities Regulations, and will not be sold, issued or offered
for sale to US Persons or in the USA without this registration or exemption
from the registration requirement. This disclosure does not constitute an
offer to subscribe for or purchase shares. The offering is made exclusively
via and on the basis of DEVIL AG's published stock offering prospectus.'

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Information and Explaination of the Issuer to this News:

Company Profile
DEVIL, founded in 1994 and headquartered in Braunschweig, is one of the
largest IT distributors in Germany. The company initially specialized in
memory chips and has since developed into a high standard full-range
provider of IT software and hardware. DEVIL is a preferred partner of
around 130 IT manufacturers and distributors including international and
prestigious manufacturers such as Microsoft, Samsung, ASUS and LG. The
company’s most important target market is specialized retail trade. DEVIL
supplies some 7,000 of the almost 15,000 specialized dealerships in Germany
with hardware components and peripherals as well as selected software
solutions. The company’s main business units are IT Distribution and IT
Logistics & Services, which has just been set up. The latter provides
foreign IT manufacturers logistics services including warehousing and
distributing to resellers via a wholly owned DEVIL subsidiary. DEVIL
recorded revenues of approximately EUR 322 million in fiscal year 2006/07
with EBIT of EUR 2.0 million.


Contact
Investor relations
cometis AG
Ulrich Wiehle
Phone: +49(0)611 – 205855-11
Fax:   +49(0)611 – 205855-66 
E-mail: ir@devil.de


DGAP 14.05.2008 
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Language:     English
Issuer:       DEVIL AG
              Kocherstraße2
              38120 Braunschweig
              Deutschland
Phone:        +49 (0)531 215 400
Fax:          +49 (0)531 215 40 999
E-mail:       info@devil.de
Internet:     www.devil.de
ISIN:         DE000A0MM6F1
WKN:          A0MM6F
Listed:       Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / designated to be listed
End of News                                     DGAP News-Service
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