DGAP-News: caatoosee AG: caatoosee: Changes to the executive board

caatoosee ag / Change of Personnel

19.09.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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caatoosee: Changes to the executive board


Leonberg, 19 September 2008

The supervisory board of caatoosee ag has reached agreement with executive
board member Stefan Ahrens to the effect that Mr Stefan Ahrens will resign
his seat with effect from 31 December 2008. After more than eight years,
Stefan Ahrens will leave the company at the end of the year to take up new
challenges. Until then, as sole director, he will be continuing the
operations of caatoosee ag at the special request of the supervisory board.

The supervisory board has recalled management board member Michael
Grünschloß from his position as director with immediate effect. Michael
Grünschloß will continue his duties in the management team of operating
subsidiary Teraport GmbH.

The background to the decisions taken by mutual agreement is the formal
refusal by the VICTORY Group (majority shareholder since 28 November 2007)
to approve the management board for the 2007 financial year at the most
recent company AGM and the vote of no confidence passed with the votes of
the VICTORY Group. In view of this, the management and supervisory boards
no longer see a lasting basis for pursuing the previously successful
collaboration.

The supervisory board particularly regrets this development and thanks
Stefan Ahrens and Michael Grünschloß for their successful work and high
level of commitment at caatoosee. Stefan Ahrens was a key player in the
reorganisation and restructuring of the company. In particular, he devoted
his energies to the continuing strategic development of the caatoosee Group
and identified potential acquisition targets in terms of their potential to
increase the value of the company. Michael Grünschloß will continue to
utilise his extensive operational experience in working for Teraport GmbH.


The Management Board and Supervisory Board

caatoosee ag, which is listed in the Prime Standard (German Securities Code
Number: A0EPUK; ISIN: DE 000A0EPUK5) and headquartered in Leonberg near
Stuttgart, operates in the fields of IT outsourcing and services.
Management Board: Stefan Ahrens. Supervisory Board: Reimund Blessing
(Chairman), Hans Ulrich Dörr, Dirk Alt, Rolf Huber, Günther Paul Löw  and
Jan Tenné.> more information

caatoosee ag
ph + 49 (0) 7152.355-6621
fx + 49 (0) 7152.355-6650
investors@caatoosee.com




DGAP 19.09.2008 
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Language:     English
Issuer:       caatoosee ag
              Riedwiesenstr. 1
              71229 Leonberg
              Deutschland
Phone:        +49-(0)7152-355-6000
Fax:          +49-(0)7152-355-6650
E-mail:       investors@caatoosee.com
Internet:     www.caatoosee.com
ISIN:         DE000A0EPUK5
WKN:          A0EPUK
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Düsseldorf
End of News                                     DGAP News-Service
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