Reshaping Frankfurt Stock Exchange

The Exchange Council of the Frankfurt Stock Exchange approved the new segmentation of the equity market of the Frankfurt Stock Exchange on November 19, 2002.

The new market segmentation enables the Frankfurt Stock Exchange to respond more closely to the needs of capital markets' participants and seeks to both enhance integrity and increase the attractiveness of the capital market for issuers and investors alike.

In the new structure two share segments for admission to the exchange have been created: General Standard (recommended to small and mid-size companies with German investors, operating according to the German national transparency requirements) and Prime Standard (targeted to large companies with international investors, operating in accordance with the international transparency requirements).

The new Rules & Regulations of the Frankfurt Stock Exchange became effective as of January 1, 2003.

The Frankfurt Stock Exchange confirmed Graphisoft N.V.'s admission to Prime Standard on January 3, 2003. Since the Company's shares have been listed on the Frankfurt Stock Exchange, we publish our quarterly and annual reports in compliance with US GAAP in German and English according to the international transparency requirements. Thus, being listed in Prime Standard does not cause any changes in our reporting and publishing procedure.