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ots Ad hoc-Service: FORIS AG <DE0005775803> 'Acquittal for FORIS'

Berlin, Bonn, München, New York (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
FORIS AG (Securities ID No. 577580) announces that all
investigations by the German Public Prosecutor's Office have ceased.
In January 2000, a bank employee preparing a purchase order for
130 FORIS shares mistakenly entered the securities ID number of the
company as the number of items. The subsequent cancellation order was
not properly processed by the German securities trading regulatory
authority, the Bundesaufsichtsamt für den Wertpapierhandel (BAWe).
Thereupon this authority - without any further investigation -
expressed its assumption that the Management Board and Supervisory
Board had improperly disposed of their shares during the lock-up
period and BAWe requested the Public Prosecutor's Office to secure
securities account statements through searches of company and private
premises. In addition, a sacked employee of the company alleged that
false figures had been published in the 1999 Status Report.
The public reporting of the searches and investigations caused a
considerable drop in the share price. The Management and Supervisory
Boards have insisted throughout that all allegations are false. They
have proved that no shares were sold. And the figures published in
the business reports were also correct.
Now that the Public Prosecutor's Office has closed its file on the
case and ceased investigation, FORIS is to launch a compensation
claim against the regulatory authority BAWe. FORIS is of the opinion
that there has been a clear breach of duty giving grounds for legal
redress.
Further information: FORIS AG, Friedrichallee 9, 53173 Bonn. Tel.
+49  0)228- 957 50 50. Fax: +49 (0)228- 957 50 57, eMail: 
FORIS-Bonn@foris-ag.de, Internet: www.foris-ag.de
End
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