Promissory Note Successfully Placed / Strong Demand

Strong demand / Volume of EUR 35 million / Syndicated loan in the amount of EUR 29 million to be fully repaid / Broader framework for additional growth / Assures favourable long-term conditions for funding the company

Filderstadt, 30 April 2013 – All for One Steeb AG has issued a promissory note for the first time in order to improve its financing structure and broaden the framework for additional growth. The debut of this funding instrument allows this leading SAP full-service provider in the German-speaking midmarket segment to benefit not only from the favourable market environment, but from the enhanced interest on the part of new institutional investors, whose attention was drawn to the company in the course of its successfully completed integration of Steeb Anwendungssysteme GmbH.

The placement, which was advised and helped launched by the Commerzbank Aktiengesellschaft, Frankfurt, and the Landesbank Baden-Württemberg, Stuttgart, was significantly oversubscribed, which is why the initially planned total volume of EUR 30 million was increased to EUR 35 million. The allocation process considered a broad base of regionally operating savings-and-loan banks (Sparkassen), mutual savings banks (Genossenschaftsbanken), as well as individual foundations, insurance companies and pension funds. A total of 23 investors from Germany and Austria were included.

The promissory note is divided into three tranches, all of which were allotted at the lower end of the price ranges. Around 2/3 of the volume is at fixed interest rates and around 1/3 at floating interest rates. The terms of these tranches are three, five and seven years. Predominantly long-term tranches were allocated. The interest rates are currently between 2.6% and 4.3%.

All for One Steeb Chief Financial Officer Stefan Land: »With this promissory note, we have secured ourselves favourable conditions for our corporate financing over the long term. The strong demand on the part of new institutional investors underscores just how attractive our business model is. The syndicated loan in the amount of EUR 29 million, which we took out in late 2011 in conjunction with the Steeb acquisition, will be fully repaid. Furthermore, this promissory note gives us greater flexibility to drive additional organic growth and acquisitions«.