Share Buy-back Programme

Bechtle buys back treasury shares

In the course of the price slump from September on, the Bechtle share dropped to a price level that the management considered to be far below the actual company value. Therefore, on 9 October 2008, the Executive Board of Bechtle AG decided, with the approval of the Supervisory Board, to launch a share buy-back programme under which it would be possible to repurchase up to 2.12 million treasury shares via the stock exchange (Xetra). The buy-back is based on the resolution of the Annual General Meeting of 17 June 2008, which authorises the company to acquire treasury shares worth up to 10 per cent of the equity capital as of the date of the resolution until 16 November 2009. The shares can be used for all the purposes specified in the authorisation (acquisition currency, withdrawal, and listing at foreign stock exchanges). The total number of treasury shares purchased by 31 December 2008 amounted to 209,500. The average purchase price was 10.70 euros. In view of its comfortable and adequate liquidity reserve, Bechtle AG will continue with the share buy-back programme in the current fiscal year (see Supplementary Report).

All information on the share buy-back programme and the latest status of purchased shares can be found on the Internet at: www.bechtle.com/company/ir/aktienrueckkauf