Corporate news

MAGIX Board decides to buy back shares

Ad-hoc notice

Berlin, 15 October 2008 - Today the Board of Berlin-based company MAGIX AG (ISIN DE0007220782), following the approval of the Supervisory Board, decided to launch a public buyback offer to the shareholders.

The offer period starts on Monday, 20 October 2008 and ends on Friday, 7 November 2008 at 1200 CET. The purchase price of EUR 1.95 per share offered by the company (excluding auxiliary purchasing costs) lies within the span of 10 per cent above or below the average closing price at the Xetra trading system of the Frankfurt Stock Exchange on the 4th to 10th day of trading before publication of the offer in accordance with the decision of the shareholders' meeting on 12 March 2008.

Subject to authorization granted by the shareholders' meeting MAGIX AG is entitled to acquire a calculated share of almost 10 % of the existing share capital, which corresponds to a maximum of 1,153,489 shares. The total volume of the purchase offer is therefore approx. EUR 2.2 million.

Detailed information on the public buyback offer will be available to the shareholders from 20 October 2008 on www.magix.com or from their bank.