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Graphisoft Opens Graphisoft Park

High-tech Business Park to House Multi-national and Local Software Companies

Budapest, Hungary, July 6, 1998

On schedule and under budget, Graphisoft® (Frankfurt Neuer Markt: GPH) relocated its headquarters on Monday, July 6 to the new Graphisoft Park situated on the banks of the Danube just north of central Budapest. In addition to Graphisoft, the Park will anchor dozens of tenant software companies including Microsoft Hungary who currently plans to occupy one building in August.

Inauguration of the Park is scheduled for mid-September after all of the first phase tenants have moved in.

Financed entirely from the company's pre-IPO retained earnings, the Park will seed the development of local software companies and support Graphisoft's continuing growth as one of the world's largest AEC CAD software developers. Company president, Gabor Bojar, reports that company revenues and profits for the second quarter of 1998 which ended June 30 are expected to be in line with the company's internal projections and its history of consistent growth and stable profitability. Final results for the company's second quarter will be available in August.

Situated on seven hectares (18 acres) of landscaped riverfront property within the Budapest city limits, Graphisoft Park was designed by architects Ferenc Csagoly and Ferenc Keller, Architects Studio, Ltd., as a campus setting with brick and glass buildings recalling the site's industrial use earlier in the century. When complete, the park will contain 15 low-rise office buildings totaling more than 25,000 square meters (250,000 s.f.).

The concept of Graphisoft Park is unique in Budapest as are the methods used to design and lease the buildings. From the earliest schematic designs though construction drawings and marketing materials, a three-dimensional "Virtual Building" computer model was developed and maintained by the architects using ARCHICAD. Using the Virtual Building, the architects could communicate with their clients, explore design details, improve their productivity, and deliver the animations, renderings and virtual reality scenes needed for leasing.

"We insisted on developing and maintaining a complete 3D model from the very beginning," commented Graphisoft COO Peter Hornung. "The entire company was caught up in the design process and ARCHICAD's visualization tools were invaluable to getting people involved. From an operations point of view, I think this was a huge benefit to managing our move as smoothly as possible. I also have to stress how important the 3D model was to leasing all of the space."

The move from the company's old offices dispersed among five smaller buildings to the new facility was achieved with minimal business interruption. Beginning Monday, July 6, the new address and telephone numbers for Graphisoft R&D are:

Graphisoft R&D Rt.
Graphisoft Park 1 (Záhony u.)
H-1031 Budapest

Telephone: (36.1) 437 3000
Fax: (36.1) 437 3099

Graphisoft is a leading provider of computer aided design (CAD) software solutions for the architectural profession and the building industry and ranked by Dataquest among the largest AEC CAD software developers in the world. ARCHICAD is sold in more than 80 countries and 22 languages and used by more than 45,000 architects and building professionals worldwide. The company completed its initial public offering on the Neuer Markt segment of the Frankfurt Stock Exchange in June 1998.