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TELES: Sale of non-operating assets

Berlin, 28^th August 2008. As published with the invitation to the Annual General Meeting of TELES AG the management proposed to pay a dividend in the amount of 1 € per entitled share. For this purpose the management intended to realize “non operating assets” which now has been done today by the sale of our block of freenet shares.

Besides the payment of the dividend to be adopted by the Annual General Meeting, a solid financing of the operating business with an Equity Ratio of approx 60% – after payment of the dividend – will be covered by these proceeds.

Professor Sigram Schindler
CEO of TELES AG