February 28, 2005

MIS AG (MIX) generated € 44.65 million (2003: € 47.94 million) in consolidated revenue based on IFRS during the 2004 fiscal year.

Due to a reduction in Enterprise Integration revenues, MIS AG closed its sub-sidiary, Chorus GmbH, before the close of fiscal year 2004. However, revenues in its core line of business, Business Intelligence, showed some improvement primarily from growth in international sales, which partly compensated the de-crease in overall revenues.