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snt-world

Company presentation. www.snt-world.com. 1. S&T Vision 2010+. We will extend our leading position in IT consulting, solutions and services in the CEE / D-A-CH / Asia region serving international and local customers.

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snt-world

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  1. Company presentation www.snt-world.com 1

  2. S&T Vision 2010+ • We will extend our leading position in IT consulting, solutions and services in the CEE / D-A-CH / Asia region serving international and local customers. • We double our MS / BS business in this fast growing IT market by organic growth and M&A. • We provide complete IT strategies, business processes and systems for large and medium-sized enterprises. • We are known industry experts in manufacturing, banking, insurance, retail, distribution and of course in IT technology. • Our profitability is at least in line with our peer-group, resulting in a significant upside in share price. • Our employees enjoy working for S&T and we provide them with growth paths for long-lasting and valuable cooperation. 2

  3. S&T Mission S&T is the leading IT company in CEE and D-A-CH and is expanding its presence in Asia. We provide complete IT strategies, business processes and systems for large and medium-sized enterprises. We adapt / operate IT systems for and with our customers, drawing on our employees’ excellent industrial and technological skills. We create value for our customers along the entire IT value chain. Our employees enjoy working for S&T and we provide them with growth paths for long-lasting and valuable cooperation. We are a preferred employer in the IT industry in our region. 3

  4. Company History [1/2] 1993 Founding of S&T Slovakia, S&T Bulgaria and S&T Ukraine 1994 Founding of S&T Romania 1995 Founding of S&T Moldova 1996 Founding of S&T Yugoslavia 1998 Initial public offering on the EASDAQ (currently NASDAQ Europe) 1999 Founding of S&T Hungary Purchase of Hermes Plus with subsidiaries in Slovenia, Croatia, Bosnia and Herzegovina, Macedonia Acquisition of ICOS in Slovenia 2000 Purchase of Soft-Tronik in the Ukraine and Largo Systems in Poland Founding of S&T International in Russia 2001 Purchase of Aster in Slovenia and INNET Kft. in Hungary Purchase of Neos Computer and their 100% subsidiary GCC Services in The Czech Republic and Netway Computer Systems in Romania 4

  5. Company History [2/2] 2002 Expansion into Latvia and Montenegro Acquisition of Protek in Turkey 2003 Purchase of Epsilon in Croatia Purchase of Atlantis in Slovenia Acquisition of Fujitsu Services subsidiaries in 6 countries: Greece, Malta, Poland, Romania, Slovakia, Czech Republic, Hungary Change to Vienna Stock Exchange (11 April 2003) 2004 Acquisition of ITS Intertrade Sistemi in Slovenia 2005 Purchase of InfoNet Projekt in Croatia and SAP specialists EFP Purchase of SITO in Serbia Acquisition of T-Systems DSS and Computacenter in Austria Acquisition of VARIAS in Slovakia 2006 Purchase of ERP specialist BEELC in Poland Acquisition of Grall Group in The Czech Republic Purchase of Unitis in Hungary Acquisition of T-Systems Turkey 2007 Acquisition of IMG - The Information Management Group 5

  6. ~27% AvW Invest AG ~28% Thomas Streimelweger 45% Free float Ownership Structure S&T common shares: 3,585,017 of that 45% free float SHAREHOLDER STRUCTURE (as registered in August, 2008) S&T has been listed on the Vienna Stock Exchange since 11 April 2003. An ADR level I program with the Bank of New York has been in effect since March 2002. 6

  7. Management Christian Rosner CEO S&T Martin Bergler CFO S&T 7

  8. Supervisory Board Chairman Ing. Mag. Thomas Streimelweger Deputy Chairman Univ.-Prof. Dr. Reinhard Moser Members Dr. Wolfgang Auer von Welsbach Dkfm. Dr. Franz Jurkowitsch DDr. Karl-Michael Millauer Ing. Karl Nigl Dr. Ernst Nonhoff Dr. Kurt Waniek 8

  9. Geographic Presence RU PL DE CZ UA SK MD AT HU CH Sl RO HT BA RS ME BG AL MZ TR 9

  10. Subsidiaries [1/4] Employee: Full Time Equivalent End of Year 2007 Germany Subsidiaries: Stuttgart, Munich Frankfurt, Walldorf Employees: 186 Poland Subsidiaries: Krakow, Warsaw, Bialystok, Bydoszcz, Gdansk, Katowice, Lodz, Lublin, Poznan, Rzeszow, Szczecin, Wroclaw Employees: 358 The Czech Republic Subsidiaries: Prague, Brno, Ceske Budejovice, Ostrava, Liberec, Mladá Boleslav, Pardubice, Olomouc, Plzen Employees: 307 PL DE CZ SK Switzerland Subsidiaries: Zurich St. Gallen Employees: 92 AT Slovakia Subsidiaries: Bratislava Zilina Banska-Bystrica Kosice Employees: 158 HU CH Austria Subsidiaries: Vienna, Graz, Linz, Salzburg, Klagenfurt, Innsbruck Employees: 361 Hungary Subsidiaries: Budaoers Employees: 203 10

  11. Subsidiaries [2/4] Employee: Full Time Equivalent End of Year 2007 Russia Subsidiaries: Moscow Employees: 81 Ukraine Subsidiaries: Kiev Employees: 198 Moldavia Subsidiaries: Chisinau Employees: 22 RU UA Romania Subsidiaries: Bucharest, Timisoara Employees: 235 MD RO BG Bulgaria Subsidiaries: Sofia, Plovdiv, Varna Employees:44 11

  12. Subsidiaries [3/4] Employee: Full Time Equivalent End of Year 2007 Bosnia and Herzegovina Subsidiaries: Sarajevo Banja Luka Employees: 18 Serbia Subsidiaries: Belgrade, Novi Sad Employees: 92 Slowenia Subsidiaries: Ljubljana Celje Koper Maribor Employees:371 Macedonia Subsidiaries: Skopje Employees: 27 Croatia Subsidiaries: Zagreb Split Rijeka Employees: 149 Turkey Subsidiaries: Istanbul Ankara Izmir Employees: 65 Sl HR BA RS Montenegro Subsidiaries: Podgorica Employees: 5 ME AL MZ Albania Subsidiaries: Tirana Employees: 6 TR 12

  13. Subsidiaries [4/4] Employee: Full Time Equivalent End of Year 2007 China Subsidiaries: Shanghai Bejing Employees: 39 CN Japan Subsidiaries: Tokio Osaka-shi Osaka Nagoya-shi Aichi Fukuoka-shi Employees: 121 13

  14. Core Business Divisions Plan / Design Build Operate / Maintain Business Solutions (BS) Managed Services (MS) Enterprise Systems (ES) • Hardware / Software Support (24/7) • Application Outsourcing • IT Service Management • System Management • Desktop Managed Services • ERP Enterprise Resource Planning • Mission Critical Applications / Implementation / Integration • Business Intelligence • Software Development • Workflow & Document Management • • Data Center / • Computing • • Information Lifecycle • Management • • Business Continuity / • Disaster Recovery • Networking & Security • Network Infrastructure • Unified Communications • Network Security • Information Security • System Security • Consulting & Audits 14

  15. Business Solutions Support of IT projects from the analysis of the individual requirements through implementation. Areas of emphasis: • Enterprise Resource Planning (ERP) • Business Intelligence - Data Ware House (DWH), Customer Relationship Management (CRM) • Document / content management • Integration – Enterprise Application Integration (EAI), Service Oriented Architecture (SOA) 15

  16. Enterprise Systems offers infrastructure solutions for IT centers. Areas of emphasis: IT consolidation, virtualization,migration Information Lifecycle Management: storage, backup und recovery, archiving Business continuity, disaster recovery, information security, ITIL Datacenter Computing: connectivity & clustering, server & mainframe, system management Connectivity Solutions: Core Infrastructure, Wireless and Optical Networking Security: Network and Perimeter Security, Security Information Systems Unified Communications: VoIP, Messaging and Conferencing Solutions Enterprise Systems 16

  17. Managed Services Servicing and optimization of IT Infrastructure. Areas of emphasis: • IT Outsourcing/Out-tasking: responsible for individual processes such as hardware & software support, monitoring, IMAC (Install, Move, Add, Change), end-user help desk, etc. to providing complete support • IT Service Management: IT process consulting and implementation / ITIL (IT Infrastructure Library), IT operations management • IT Infrastructure Optimization: migration services, consolidation & virtualization • Operational IT Risk Reduction: business continuity, disaster recovery, security assessments, high availability services, system management 17

  18. Additional Business Area: Medical Systems S&T is the general service contractor of Philips Medical Systems in six countries: The Czech Republic, Bulgaria, Slovakia, Romania, Croatia, Moldavia Electro-medical product portfolio: • Monitors • EKG machines • Defibrillators • Respirators • Anesthesia machines • Ultrasound devices • Computerized tomography, magnetic resonance devices, angiography systems • Infusion devices • Systems for automatic medication dispensing • Cytocare robots 18

  19. Competence Centers 19

  20. Competence Centers S&T operates competence centers on strategically important topics and special industry competence centers • Eight competence centers are already operational • A few more are concretely planned Tasks of the competence centers: • Consulting and serving the customer at at top level regardless of geography • Market development in corresponding specialty area • Expand the S&T company in corresponding specialty area • Support the local pre-sales and project teams • Knowledge transfer in boundary-spanning teams 20

  21. Competence Centers Competence center Area of specialty Central topic Consulting and servicing for implementation of strategic IT platforms and processes Management of IT infrastructure Minimization of risks and results from IT catastrophes Management and functional operation of SAP systems Development and inspection of company-critical IT platforms and processes Software portfolio HP OpenView Professional concepts for the administration of company- critical IT processes SAP Outsourcing S&T Customer Concept Center in Bucharest, Romania Competence Center HP Software in Bucharest, Romania Competence Center Business Continuity & Disaster Recovery in Ljubljana, Slovenia SAP Outsourcing Center in Zilina, Slovakia 21

  22. Competence Centers Competence center Area of specialty Central topic Professional IT system management High end security solutions and consulting simulates a customer’s specific environment to provide a real life experience of the possible benefits provided by EMC product and S&T solution offerings proven solutions and implementation best practice in the area of ECM, SAP archiving, SAP infrastructure & security solutions on EMC² & IBM platforms IBM Tivoli software tools Cisco Security Solutions EMC Products Infrastructure Solutions Competence Center IBM Tivoli in Ljubljana, Slovenia Cisco Security Competence Center in Budapest, Hungary EMC Velocity2 Signature Solution Center in Ljubljana, Slovenia SAP Infrastructure Solutions Competence Center in Zilina/Slovakia 22

  23. Customers S&T serves large and mid-sized companies of 250+ employees / IT workstations. KA Emerging Countries Large: +1000 employees European Countries Medium: +200 employees Small / home office 23

  24. Target Industries & Corresponding References Manufacturing Telecommunication Financial Services Energy Services Alfa-Bank, RU AOK/AOK Systems, DE Bank – BCR, RO Banka Celje, Sl Ceska Sporitelna (Erste Bank), CZ Erste Bank Group, AT HVB, BA ING Bank Slaski S.A., PL KGAL, DE Komercni Banka, CZ Moldinconbank, MD National Bank Ukraine National Bank, MK Österr. Nationalbank, AT Procredit Bank, AL Raiffeisen Bulgaria, BG Romanian Comercial Slovenska Sporitelna (Erste Bank), SK UniCredit Bank, SRB WestLB, TR Alstom Power, PL BP, TR E.ON Bulgaria, BG Electric Power, SRB Elektrani Mak., MK Energie AG OÖ, AT General Electric, TR Lukoil Ukraine, UA OMD, PL OMV, SRB Prazska energ., CZ Progas (Progas Germany), SK Romgaz, RO Transelectrica, RO Transpetrol, SK UkrGazDobycha, UA BH Telecom, BA Makedonskii Telekomunikacii, MK Megafon, RU Mobiltel AD, BG Mobiltel, SI Moldcell, MD Motorola, BG Orange Slovakia, SK Pannon GSM, HU ProMonte, ME Serbian Telecom, SRB Slovak Telecom, SK Telekom Austria AG, AT Telekom Slovenije, SI Telenor, SRB T-Mobile, HR, CZ Ukrainian Mobile Communications, UA Ukrtelecom, UA VIPNet, HR Andritz AG, AT Arkas, TR Belinka, SI Bosch-Rexroth, DE Coca-Cola, UA Heineken Slovakia, SK Holcim Bulgaria, BG Holcim, RO Invest Trade, HU Kolektor, Sl Kronopol (Swiss Krono Group), PL LURA, HR Lura, HR Makstil, MK Mercedes Benz, TR Mittal Steel Zenica, BA Nowaco, CZ Soyaprotein, SRB Vidima Ideal, BG Voestalpine, AT 24

  25. Target Industries & Corresponding References Public Aerospace & Sector Automotive Retail Defense Public Aerospace & Public Aerospace & A&D Pharma, RO bauMax, AT Campari, DE Danone, RU Direct Trade, SRB DM Drogerie, AT H&M, PL Hornbach, CZ Kraft Jacobs, DE Lindt, CH McDonalds, PL METRO Cash&Carry, SK Metro, HR Nestlé, CH REWE, DE Sportmaster, RU Zielpunkt, AT Airport Anapa, RU Airport Prague, CZ Deutsche Bundeswehr, DE Czech Airlines, CZ LETISKO Zilina (Airport Zilina), SK Ministry of Defense, CZ Ministry of Defense, MK Polish Navy, PL Auto Aktiv, SI Auto Frey, AT BMW Czech Republic, CZ BMW, DE Daimler Chrysler, TR KIA MOTORS Mak-Kar, MK MAN Nutzfahrzeuge, DE Mercedes-Benz Turkey, TR PEUGEOT Czech Republic, CZ Skoda Slovakia, SK Slovakia, SK Volkswagen Slovakia, SK VW-Group, DE Czech Post, CZ Boarder Guard, PL Magyar Post, HU Ministry of Constr., TR Ministry of Economy and Finance, RO Ministry of Finance, MD Ministry of Health, BG Ministry of Interior, CZ ORF, AT Polish Police, PL Post Slovenia, Sl Serbian Government Slovak Academy of Science, SK Slovenian Army, Sl Slovenian Railways Ukrainian Railways WKÖ, AT 25

  26. S&T Partner S&T maintains strategic partnerships with leading technology manufacturers. 26

  27. Key Figures 27

  28. Sales (in million Euro) Total sales Sales per business unit +13% 522.2 461.3 +30% 355.7 237.4 +59% +42% +16% +15% Business Solutions Enterprise Systems Managed Services 28

  29. EBIT and EBITDA (in million Euro) EBIT EBITDA +13% +24% +7% +42%

  30. Stock Price(in Euro) Share Price development since 2007 33.5 € ATX Prime S&T Share 29, 2008

  31. Key Data on S&T Shares 2005 2006 2007 90.7 3,568,655 25.42 31.70 18.00 1.38 57% 166.7 3,585,017 46.50 59.20 39.00 1.03 46% 139.9 3,568,655 39.20 39.20 24.90 1.89 56% Market capitalization year-end in EUR mill Number of shares year-end Stock price year-end in EUR High in EUR Low in EUR Earnings per share in EUR (diluted) Free float

  32. Employees(in FTE*) Employees in FTE* +37% Organic growth: ~200 employees +19% * FTE = Full Time Equivalent

  33. S&T Group(in million Euro) S&T Group – Overview of 2007 Results in million EUR 2005 2006 Change 2007 355.7 14.5 8.5 6.4 4.9 1.38 37.7 197.7 34.5 19.5% 1,923 461.3 18.0 12.1 10.5 6.8 1.89 46.7 235.0 26.8 11.4% 2,295 522.2 20.4 13.0 7.9 3.8 1.03 49.4 266.0 52.0 17.5% 3,138 Sales EBITDA Profit from operations (EBIT) Profit before tax Profit for the year / Net profit Diluted earnings per share in EUR Shareholder‘s equity Total assets Net financial liabilities Net gearing Employees at year-end 13% 13% 7% -25% -44% -46% 6% 13% 94% - 37%

  34. Forecast 2008 Market Development 34

  35. Positive growth forecasts for IT and IT services markets in S&T countries • Global IT market growing by 5.5 - 6.0% in 2008 • Eastern Europe and Middle East growing faster than Western Europe and USA. • Demand for IT consulting and outsourcing services growing worldwide. • Strongest IT market growth forecast for the following S&T countries:Ukraine 19.7% | Russia 18.9% | Bulgaria 17.7% • IT services markets growing noticeably faster than IT markets • DACH region sees consistent growth (Austria: 4.1%, Switzerland: 4.8%, • Germany: over 5%) • Central European and Adriatic countries continue to exhibit • high growth rates (e.g. Czech Rep.: 10.2%, Bosnia: 14.6%) • Strongest growth in IT services market forecast for the following S&T countries: • Ukraine 21.6% | Russia 21.0% | Romania 19.6%

  36. IT market volume: Russia already far above Western European levels Market volume for IT market 2007-2008 in million USD 1,039.05 Source:IDC’s BB – Q4 2007 The 2007 and 2008 data are IDC estimates

  37. High growth rates in Eastern Europe - with very diverse market volumes Growth rates for IT market 2007-2008 in percent 21.643,63 7.5 Source: IDC’s BB – Q4 2007 The 2007 and 2008 data are IDC estimates

  38. Expenditure on IT services continues to grow significantly Market volume for IT services market 2007-2008 in million USD 21.643,63 336.83 Source: IDC‘s BB – Q4 2007 IDC estimates were used for 2007 and 2008 information.

  39. Growth rates in IT services market higher than for IT market Growth rates for IT services market 2007-2008 in percent 21.643,63 21.0 21.6 10.5 Source: IDC’s BB – Q4 2007 The 2007 and 2008 data are IDC estimates

  40. S&T Forecast 40

  41. S&T Strategic Focus • Expand the leadership position in IT consulting, IT solutions and IT services • Organic growth and acquisitions • Expand business with multinational customers • Intensify the target industry concentration • Serve national customers • Expand consulting business • Increase the SAP and software business • Foster growth in Managed Services and Outsourcing Customer Company • Deepen industry competencies in manufacturing, financial ser- vices, insurance and trade industries • Expand overall competency in IT technology Business Areas Competence 41

  42. 2008: Double-digit EBIT growth planned Sales in million EUR EBIT in million EUR 560-580* 15-17* 13.0 *planned

  43. S&T: Consistent implementation of growth strategy • S&T displays greater growth than overall market • • Based on organic growth - orders books are well filled • Based on further acquisitions - criteria: • - Strengthening of existing countries. Focus: Turkey, Russia and Poland • - Take-over target must be active in Business Solutions or • Managed Services sectors • - Take-over target must be active in one of S&T's target industries • - Take-over target must have a certain minimum size • - Integration must be completed quickly

  44. S&T: Consistent implementation of growth strategy • Consistent use of market opportunities • • By means of expansion of strategic partnerships (in promising sectors and • targeted geographical areas) • By means of utilization of growth opportunities offered by services with • strong demand - e.g. Managed Services, SOA, Virtualization • Optimization with stable risk structure • By means of optimized resource and skill management, and • exploitation of synergies following integrations • • With minimal USD currency risk and minimized effects of political • changes • • By means of optimal client and industry portfolios

  45. Positioning 2007-2010 • Strategy consulting • Business processes • Software development • Infrastructure services • Value infrastructure • Volume infrastructure 2007 2010 Development: volume and importance 45

  46. S&T ... Strategy 2010 Industry-specific consulting “know how“ Compe-tence +60% Revenue from Managed Services/Business Solutions Business areas Better than market growth Doubling the company size EBIT growth over sales growth Growth Organic growth and acquisitions Key regions: Central and Eastern Europe, D-A-CH Geo. Presence 46

  47. Disclaimer Exclusion of Liability This presentation describes the situation for S&T as of 31st July 2008. This presentation contains certain statements oriented towards the future. These future-oriented statements contain estimates made by management, known and unknown risks, uncertainties and other factors which may result in the actual results, financial situation, performance or achievements for S&T, or the sector, differing considerably from any results, performances or achievements predicted or implied by such future-oriented statements. These factors include, among others: competition from other companies, changes in operating expenditure, development and successful integration of acquired companies, recruitment and hiring of qualified personnel for the company, uncertainties resulting from business carried out by S&T outside Austria, negative developments in legal and tax conditions, negative developments in government and economic policy, unrest, acts of God, acts of war and all other factor referred to in this report. In view of these uncertainties investors are advised to make an independent assessment of such future-oriented statements. S&T assumes no responsibility, whether expressly or implied, for the correctness or completeness of the information, opinions or estimates that are based on future-oriented statements, and which are contained in this report. S&T assumes no responsibility for adjusting such future-oriented statements in the future in order to reflect future events or developments. S&T and individuals acting on behalf of S&T assume no responsibility in conjunction with the use of this report or the information contained therein. This report is neither a public offer for, nor an invitation to subscribe to, S&T securities.

  48. Thank you! www.snt-world.com 48

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