Please find the ad hoc releases regarding the voluntary public takeover offer to acquire securities pursuant to sections 29 et seq. German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG).
 

itelligence and NTT DATA agree on Takeover Offer for itelligence and enter into Cooperation Agreement

Bielefeld, October 23, 2007 - itelligence AG as well as NTT DATA CORPORATION and it's wholly owned subsidiary, NTT DATA EUROPE GmbH & Co. KG, today have signed a Business Combination Agreement according to which NTT DATA will issue a voluntary public takeover offer in accordance with Sections 29 et seq. of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz; WpÜG) to all shareholders of itelligence AG. The supervisory board of itelligence AG has also today approved the transaction. As consideration the shareholders of itelligence AG will be offered EUR 6.20 per share in cash. According to the Business Combination Agreement, the offer will, inter alia, be conditional upon NTT DATA acquiring a majority shareholding in itelligence.

Furthermore, the parties intend to have itelligence keep its status as a separate enterprise and listed company for at least four years. In case of a successful completion of the offer the parties will work together on the basis of a Cooperation Agreement. The publication of the offer document and the start of the offer period are expected for mid-November 2007. The acceptance period will be four weeks. The total value of the takeover offer amounts to MEUR 152.5.

The shares of itelligence AG are listed on the Frankfurt Stock Exchange and part of the Prime All Share-Index (WKN: 730 040 / ISIN Nr.: DE 000 730 040 2)